ServiceNow, Inc. $NOW Stake Boosted by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments increased its stake in ServiceNow by 392.8% in Q4, buying 47,661 shares to hold 59,795 shares worth about $9.16 million.
• Company news is mixed: a strategic Qlik partnership strengthens ServiceNow’s enterprise-AI positioning, but recent analyst cuts and downgrades (e.g., RBC and UBS) and negative media coverage have amplified near-term selling pressure.
• ServiceNow shares are trading well below their 1‑year high (opened at $89.13 vs a $211.48 high), carry a high P/E (~53.4), show weak moving averages, and have seen insider selling (16,237 shares over 90 days), while institutional ownership stands at ~87%.

Oak Ridge Investments LLC grew its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 392.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,795 shares of the information technology services provider's stock after purchasing an additional 47,661 shares during the quarter. Oak Ridge Investments LLC's holdings in ServiceNow were worth $9,160,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Penn Mutual Asset Management bought a new position in shares of ServiceNow during the fourth quarter valued at approximately $814,000. Financial Connections Group Inc. boosted its position in shares of ServiceNow by 400.0% during the fourth quarter. Financial Connections Group Inc. now owns 465 shares of the information technology services provider's stock worth $71,000 after buying an additional 372 shares during the period. Gemmer Asset Management LLC boosted its position in shares of ServiceNow by 400.8% during the fourth quarter. Gemmer Asset Management LLC now owns 120,915 shares of the information technology services provider's stock worth $18,523,000 after buying an additional 96,772 shares during the period. Avion Wealth boosted its position in shares of ServiceNow by 256.0% during the fourth quarter. Avion Wealth now owns 178 shares of the information technology services provider's stock worth $27,000 after buying an additional 128 shares during the period. Finally, Assetmark Inc. boosted its position in shares of ServiceNow by 398.6% during the fourth quarter. Assetmark Inc. now owns 264,275 shares of the information technology services provider's stock worth $40,484,000 after buying an additional 211,270 shares during the period. 87.18% of the stock is owned by institutional investors.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Qlik partnership: ServiceNow announced a strategic tie-up with Qlik to surface governed enterprise data and analytics directly inside ServiceNow workflows and AI-driven processes — a concrete product-level move that strengthens NOW’s positioning as an “enterprise AI” operations hub and could boost long-term revenue/ACV expansion. ServiceNow Qlik Alliance Aims To Make NOW The Enterprise AI Nerve Center
• Positive Sentiment: Sector dip-buying: Broader market flows show investors buying oversold, high-quality SaaS names during a fragile market rebound, which can provide short-term support to NOW despite company-specific headwinds. Cloudflare (NET) Stock Trades Up, Here Is Why
• Neutral Sentiment: Institutional views mixed: Some institutional commentary frames ServiceNow as an attractive long-term bet despite AI concerns, but these views are varied and not uniformly supportive of higher near-term multiples. ServiceNow's $100 Price Target: Institutional Bet Defies AI Disruption Fears
• Negative Sentiment: Analyst price-target cuts and downgrades: Royal Bank of Canada trimmed its price target to $121 (from $150) while keeping an outperform rating; UBS cut NOW to Neutral. These moves reduce institutional support and can amplify selling pressure. RBC Adjusts Price Target on ServiceNow to $121
• Negative Sentiment: Wall Street skepticism on AI pivot and valuation: Multiple recent analyst and opinion pieces argue NOW still trades richly vs. peers and question whether its AI strategy will meaningfully widen margins, keeping downside risk for a correction. ServiceNow: Still Trading Richly Above Peers, Correction Is Far From Over
• Negative Sentiment: Negative media coverage & weekly losses: Commentary highlighting NOW among large-cap software losers (driven by macro concerns, AI competition and downgrades) reinforces short-term selling pressure. Cloudflare, ServiceNow, And Guardant Health Are Among Top 10 Large-Cap Losers Last Week

ServiceNow Price Performance

NYSE NOW opened at $89.13 on Tuesday. The stock has a market capitalization of $92.36 billion, a P/E ratio of 53.44, a P/E/G ratio of 1.39 and a beta of 1.01. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $211.48. The business's fifty day moving average is $106.70 and its two-hundred day moving average is $142.82. 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 (NYSE:NOW - Get Free Report) last posted 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. The company had revenue of $3.57 billion for the quarter, compared to analysts' expectations of $3.53 billion. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The firm's revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 earnings per share. On average, research analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul Fipps sold 9,641 shares of the company's 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 owned 11,757 shares of the company's stock, valued at approximately $1,245,419.01. This represents a 45.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the company's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the transaction, the insider directly owned 26,314 shares in the company, valued at $2,781,652.94. This represents a 5.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 16,237 shares of company stock valued at $1,697,162. Corporate insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NOW shares. Oppenheimer reiterated an "outperform" rating and set a $175.00 price objective (down from $200.00) on shares of ServiceNow in a research report on Wednesday, January 21st. Capital One Financial reduced their price objective on ServiceNow from $188.00 to $161.00 and set an "overweight" rating for the company in a research report on Friday, January 16th. Evercore reiterated an "outperform" rating and set a $175.00 price objective (down from $225.00) on shares of ServiceNow in a research report on Thursday, January 29th. Benchmark started coverage on ServiceNow in a research report on Wednesday, April 1st. They set a "buy" rating and a $125.00 price objective for the company. Finally, UBS Group downgraded ServiceNow from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $170.00 to $100.00 in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, ServiceNow presently has an average rating of "Moderate Buy" and an average price target of $186.30.

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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