Sava Infond d.o.o. Acquires 135,240 Shares of ServiceNow, Inc. $NOW

Key Points

• Sava Infond d.o.o. boosted its ServiceNow stake by 415.4%, buying 135,240 shares to hold 167,800 shares worth $25.705 million, representing about 3.5% of its portfolio and its ninth-largest position.
• ServiceNow beat revenue and EPS expectations in the quarter (revenue $3.77B, +22.1%), and management highlights accelerating AI adoption plus the $7.75B Armis acquisition and deeper Google Cloud ties, but near-term headwinds—deal delays, acquisition costs and softer margin/guidance—have prompted analyst price cuts and market volatility.
• Insiders sold 16,237 shares (~$1.70M) over the past three months, lowering insider ownership to 0.34%, while institutional ownership remains high at 87.18% and short interest recently rose ~30%, increasing potential downside volatility.

Sava Infond d.o.o. increased its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 415.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,800 shares of the information technology services provider's stock after acquiring an additional 135,240 shares during the period. ServiceNow comprises about 3.5% of Sava Infond d.o.o.'s investment portfolio, making the stock its 9th biggest position. Sava Infond d.o.o.'s holdings in ServiceNow were worth $25,705,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC boosted its position in shares of ServiceNow by 200.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 18 shares in the last quarter. Noble Wealth Management PBC boosted its position in shares of ServiceNow by 400.0% during the 4th quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 128 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of ServiceNow during the 4th quarter valued at about $26,000. Albion Financial Group UT boosted its position in shares of ServiceNow by 400.0% during the 4th quarter. Albion Financial Group UT now owns 170 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 136 shares in the last quarter. Finally, Avion Wealth boosted its position in shares of ServiceNow by 256.0% during the 4th quarter. Avion Wealth now owns 178 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 128 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ServiceNow

In other news, insider Paul Fipps sold 9,641 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the transaction, the insider directly owned 11,757 shares in the company, valued at approximately $1,245,419.01. This represents a 45.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $105.71, for a total transaction of $147,994.00. Following the transaction, the insider owned 26,314 shares in the company, valued at $2,781,652.94. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 16,237 shares of company stock worth $1,697,162. Corporate insiders own 0.34% of the company's stock.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Company fundamentals and AI traction remain supportive — ServiceNow beat revenue/earnings views for Q1 and highlighted accelerating AI product adoption (Now Assist / AI agents) that management says will drive long‑term growth. ServiceNow Reports First Quarter 2026 Financial Results
• Positive Sentiment: Strategic moves boost the product and security stack — ServiceNow closed the $7.75B Armis acquisition (extends security capabilities) and deepened Google Cloud AI partnerships, which support cross‑sell and AI workflow positioning. Armis acquisition Google Cloud partnership
• Neutral Sentiment: Mixed analyst reactions — Several firms reaffirmed buy/overweight ratings (some even raised PTs), but many cut targets after the quarter; consensus still leaves upside from current levels, reflecting disagreement over near‑term vs. long‑term outlook. Analyst coverage
• Negative Sentiment: Geopolitical deal delays hit near‑term growth — Management said Middle East conflict delayed several large deal closings (≈75 bps revenue headwind in Q1), and that pushed investors to downgrade near‑term growth expectations. Middle East deal delays
• Negative Sentiment: Margin and guidance concerns — Investors focused on acquisition costs (Armis) and a softer margin outlook/full‑year subscription guidance that many viewed as disappointing, triggering the sector‑wide selloff. Margin/guidance coverage
• Negative Sentiment: Short interest jumped — Short interest rose ~30% in April to ~38.95M shares (~3.8% of shares), increasing potential downside pressure and volatility if bearish sentiment persists.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Raymond James Financial decreased their target price on shares of ServiceNow from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Thursday. Weiss Ratings lowered shares of ServiceNow from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday. Royal Bank Of Canada reduced their price target on shares of ServiceNow from $150.00 to $121.00 and set an "outperform" rating on the stock in a research report on Monday, April 13th. BTIG Research reaffirmed a "buy" rating and set a $185.00 price objective on shares of ServiceNow in a research note on Monday, April 20th. Finally, DA Davidson decreased their price objective on shares of ServiceNow from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $146.65.

ServiceNow Trading Up 6.3%

NOW stock opened at $90.09 on Friday. The business has a fifty day moving average price of $104.84 and a 200 day moving average price of $137.81. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $211.48. The stock has a market capitalization of $93.34 billion, a price-to-earnings ratio of 53.69, a P/E/G ratio of 1.42 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 1.00.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting analysts' consensus estimates of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the firm posted $0.81 EPS. The business's revenue was up 22.1% on a year-over-year basis. Analysts expect that ServiceNow, Inc. will post 2.49 EPS for the current fiscal year.

ServiceNow Company Profile

ServiceNow NYSE: NOW is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company's flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.

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