ServiceNow, Inc. $NOW Shares Acquired by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC raised its stake in ServiceNow by 369.1% in Q4, now owning 19,474 shares after adding 15,323 shares, worth about $2.98 million per its latest 13F filing.
• Market momentum is being driven by ServiceNow’s AI push: BNP Paribas upgraded the stock to Outperform with a $140 target and the company is expanding AI partnerships (including Microsoft and OpenAI) and a strategic alliance with Cohesity.
• ServiceNow beat recent quarterly estimates with $0.92 EPS and $3.57B revenue (up 20.7% YoY); the stock trades near $113 with a ~$118.4B market cap and a consensus rating of "Moderate Buy" (average target ≈ $192.61).

GAMMA Investing LLC raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 369.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,474 shares of the information technology services provider's stock after buying an additional 15,323 shares during the period. GAMMA Investing LLC's holdings in ServiceNow were worth $2,983,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kilter Group LLC acquired a new stake in shares of ServiceNow during the 2nd quarter valued at $25,000. IAG Wealth Partners LLC grew its holdings in shares of ServiceNow by 200.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 18 shares during the last quarter. Total Investment Management Inc. acquired a new position in shares of ServiceNow in the 2nd quarter worth $31,000. Bogart Wealth LLC raised its position in shares of ServiceNow by 93.8% during the third quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 15 shares during the period. Finally, Wealth Watch Advisors INC acquired a new stake in shares of ServiceNow during the third quarter worth $29,000. Institutional investors and hedge funds own 87.18% of the company's stock.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BNP Paribas upgraded ServiceNow to Outperform and set a $140 price target, citing the company’s expanding AI positioning — a catalyst that has driven earlier session gains. ServiceNow (NOW) Gets Upgraded to Outperform From Neutral by BNP Paribas
• Positive Sentiment: ServiceNow is accelerating AI adoption through partnerships (Microsoft, OpenAI and others), which management and analysts say is boosting enterprise deal activity and revenue outlook. That supports the company’s long-term growth thesis. ServiceNow Expands AI Reach via Partnerships: More Upside Ahead?
• Positive Sentiment: ServiceNow and Cohesity announced a strategic alliance to provide resilient recovery for AI agents and mission-critical workflows — a product tie-up that can deepen enterprise stickiness and address customer concerns about AI reliability. Cohesity and ServiceNow Deliver Real-Time Recovery for Enterprise AI Agents
• Neutral Sentiment: Zacks and Yahoo pieces note that NOW is a "trending" stock — useful background on investor attention but not new fundamental news. ServiceNow, Inc. (NOW) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Broader industry commentary (Snowflake CEO interview; debates about AI-driven unemployment) is keeping AI narratives in focus but is peripheral to NOW’s near-term earnings execution. Sridhar Ramaswamy, Snowflake CEO: A Fortt Knox Update
• Negative Sentiment: An article in The Information highlights a Cohesity CIO argument that AI-driven products could cannibalize revenues for vendors like ServiceNow and Splunk — a direct competitive-risk narrative that can pressure multiples if investors believe AI accelerates vendor disintermediation. Cohesity CIO Shows How AI Can Eat Into Revenues of ServiceNow, Splunk
• Negative Sentiment: Separately, internal warnings from executives about AI-driven disruption (e.g., public comments about job impacts) feed cautious sentiment and could amplify volatility as investors reassess structural risks to enterprise spending patterns. ServiceNow CEO delivers a troubling AI warning to new grads

ServiceNow Stock Down 0.5%

NYSE:NOW opened at $113.19 on Friday. The firm has a market capitalization of $118.40 billion, a price-to-earnings ratio of 67.86, a PEG ratio of 1.92 and a beta of 0.99. ServiceNow, Inc. has a 1-year low of $98.00 and a 1-year high of $211.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The business's fifty day moving average price is $116.55 and its 200 day moving average price is $153.54.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the business earned $0.73 EPS. The business's revenue for the quarter was up 20.7% on a year-over-year basis. On average, sell-side analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Paul Fipps sold 9,641 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total value of $1,021,271.13. Following the completion of the sale, the insider directly owned 11,757 shares of the company's stock, valued at $1,245,419.01. This represents a 45.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total transaction of $151,755.00. Following the sale, the director owned 46,430 shares of the company's stock, valued at approximately $4,697,323.10. This represents a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,237 shares of company stock worth $1,697,162 in the last 90 days. Company insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NOW. Arete Research set a $200.00 price target on ServiceNow in a research report on Tuesday, January 6th. Sanford C. Bernstein restated an "outperform" rating on shares of ServiceNow in a report on Thursday, January 29th. TD Cowen reduced their price objective on shares of ServiceNow from $200.00 to $185.00 and set a "buy" rating for the company in a research note on Thursday, January 29th. Wall Street Zen cut shares of ServiceNow from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Finally, Stifel Nicolaus set a $180.00 target price on shares of ServiceNow and gave the stock a "buy" rating in a research report on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $192.61.

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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