ServiceNow, Inc. $NOW Shares Acquired by Venturi Wealth Management LLC

Key Points

• Venturi Wealth Management boosted its stake in ServiceNow by 424.4%, adding 18,039 shares to hold 22,289 shares worth roughly $3.41 million at the end of the quarter, and institutional investors now own about 87.18% of the company.
• ServiceNow rolled out an AI-native platform and struck a partnership with DXC to deploy agentic AI, showing early customer traction, but analyst downgrades (notably UBS) and a broader AI-driven selloff have pushed the stock to 52‑week lows.
• Despite the recent decline and some insider selling, consensus from analysts remains a Moderate Buy with an average price target near $187, versus the current share price in the low $80s.

Venturi Wealth Management LLC grew its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 424.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,289 shares of the information technology services provider's stock after acquiring an additional 18,039 shares during the quarter. Venturi Wealth Management LLC's holdings in ServiceNow were worth $3,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC increased its stake in ServiceNow by 200.0% in the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 18 shares during the last quarter. Noble Wealth Management PBC lifted 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 worth $25,000 after buying an additional 128 shares during the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of ServiceNow during the 4th quarter worth approximately $26,000. Albion Financial Group UT boosted its holdings in shares of ServiceNow by 400.0% in the 4th quarter. Albion Financial Group UT now owns 170 shares of the information technology services provider's stock valued at $26,000 after buying an additional 136 shares in the last quarter. Finally, Bogart Wealth LLC grew its position in shares of ServiceNow by 93.8% in the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider's stock valued at $29,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow rolled out an AI-native platform across its product portfolio and unveiled features like Context Engine and Build Agent skills — a strategic move to embed agentic AI and defend its workflow/control-plane positioning. ServiceNow Puts AI At The Center With DXC Agentic Partnership
• Positive Sentiment: ServiceNow deepened enterprise references via a partnership with DXC to deploy agentic AI at scale — this helps show early customer traction for the new AI-native stack. ServiceNow Puts AI At The Center With DXC Agentic Partnership
• Neutral Sentiment: Some analysts and outlets still view NOW as a long-term AI/automation play or a buy-the-dip candidate; Stifel and other commentators highlight backlog rebuilding and double-digit revenue growth as supportive fundamentals. Stifel Bullish on ServiceNow
• Negative Sentiment: UBS downgraded NOW to Neutral and cut its price target sharply (from $170 to $100), citing emerging budget pressures in non‑AI software spending and rising use of lighter workflow tools — the note is the main near-term sell catalyst. ServiceNow faces more cautious outlook as UBS cites AI-driven budget pressures
• Negative Sentiment: Broader software-sector panic after new agentic AI model releases (Anthropic/OpenAI) triggered heavy selling across SaaS names, and ServiceNow has been singled out as vulnerable to disruption — amplifying the selloff. Worries Over AI Competition Pummel Software Stocks
• Negative Sentiment: Multiple analyst downgrades and target cuts (UBS, Erste, BTIG and others) plus high-volume selling have pushed NOW to 52-week lows and steep YTD losses, creating technical downside pressure even as some investors call the shares oversold. ServiceNow Stock Craters 19%

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NOW shares. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of ServiceNow in a research note on Thursday, January 29th. BTIG Research dropped their price objective on ServiceNow from $200.00 to $185.00 and set a "buy" rating on the stock in a report on Tuesday. Robert W. Baird set a $175.00 target price on ServiceNow in a report on Thursday, January 29th. BNP Paribas Exane raised ServiceNow from a "neutral" rating to an "outperform" rating and set a $140.00 target price for the company in a research report on Monday, March 16th. Finally, Oppenheimer restated an "outperform" rating and set a $175.00 price target (down from $200.00) on shares of ServiceNow in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, ServiceNow presently has a consensus rating of "Moderate Buy" and an average target price of $187.06.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $83.00 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $211.48. The company has a 50-day simple moving average of $107.27 and a 200-day simple moving average of $144.08. The stock has a market capitalization of $86.00 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 1.51 and a beta of 1.01.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $3.53 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current year.

Insider Buying and Selling

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

ServiceNow 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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