ServiceNow, Inc. $NOW Stock Position Raised by Boothe Investment Group Inc.

Key Points

• Boothe Investment Group increased its stake in ServiceNow by 616.5% in Q4 to 61,249 shares (worth $9.38M), making NOW 3.4% of its portfolio and its 11th-largest holding.
• ServiceNow met Q1 expectations with $0.97 EPS and $3.77B revenue (up 22.1% YoY), while management is pivoting on AI-driven subscription growth—targeting approximately $30B in subscription revenue by 2030 and citing Now Assist at ~$750M+ ACV.
• Investor sentiment is mixed: institutional ownership is ~87% and the consensus is a "Moderate Buy" with a $145.87 target, but several firms have trimmed price targets and insiders have sold shares as the stock trades well below its 12‑month high.

Boothe Investment Group Inc. lifted its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 616.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,249 shares of the information technology services provider's stock after acquiring an additional 52,701 shares during the quarter. ServiceNow accounts for 3.4% of Boothe Investment Group Inc.'s portfolio, making the stock its 11th largest holding. Boothe Investment Group Inc.'s holdings in ServiceNow were worth $9,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NOW. IAG Wealth Partners LLC boosted its stake 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 worth $25,000 after acquiring an additional 18 shares in the last quarter. Noble Wealth Management PBC boosted its stake 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 acquiring an additional 128 shares in the last quarter. Millstone Evans Group LLC boosted its stake in shares of ServiceNow by 400.0% during the 4th quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 132 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of ServiceNow during the 4th quarter worth $26,000. Finally, Albion Financial Group UT boosted its stake 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 worth $26,000 after acquiring an additional 136 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

ServiceNow Stock Performance

Shares of ServiceNow stock opened at $91.92 on Tuesday. The stock has a market cap of $94.77 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. The business has a fifty day simple moving average of $103.45 and a 200-day simple moving average of $134.58. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting the consensus estimate of $0.97. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.ServiceNow's revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 2.35 EPS for the current fiscal year.

Insider Transactions at ServiceNow

In related news, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction 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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Fipps sold 3,696 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $101.77, for a total value of $376,141.92. Following the sale, the insider owned 8,061 shares of the company's stock, valued at approximately $820,367.97. This represents a 31.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 25,164 shares of company stock valued at $2,497,021 in the last three months. 0.34% of the stock is currently owned by insiders.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow laid out a plan to double subscription revenue to ~$30B by 2030 and said its Now Assist product has passed ~$750M in annual contract value — a clear signal management expects AI-driven subscription growth. ServiceNow lays out path to $30 billion in annual subscription revenue as AI bets accelerate
• Positive Sentiment: Investors are positioning ahead of Analyst Day and cheered a multi‑year DXC agreement that frames DXC as an early adopter for ServiceNow’s agentic AI capabilities — supports expectations for enterprise AI deployments. ServiceNow shares rise as investors focus on Analyst Day and fresh enterprise AI partnership momentum
• Positive Sentiment: BTIG reaffirmed a Buy rating with a $150 target and high‑profile supporters (e.g., positive comments from Jim Cramer) are helping sentiment around management’s ability to “put on a show” at Analyst Day. Jim Cramer on ServiceNow: “I Am Sure That Bill McDermott Will Put on a Good Show”
• Neutral Sentiment: Analyst/press previews say Investor Day will focus on AI product innovation and pricing (BNP) and the company continues embedding AI across the platform (Context Engine) — these are execution items investors want to see validated during presentations. ServiceNow's investor day likely to focus on AI product innovation, pricing: BNP ServiceNow embeds AI across all products with Context Engine
• Negative Sentiment: Wolfe Research cut its price objective from $175 to $125 (but kept an Outperform rating), reflecting concerns about delayed on‑prem deals and more conservative near‑term guidance — this reduces upside expectations for some investors. Wolfe Research Lowers PT on ServiceNow (NOW) stock
• Negative Sentiment: Residual selling pressure from April — driven by sectorwide “AI displacement” fears and margin compression despite meeting Q1 numbers — still clouds sentiment and explains why some investors remain cautious. Why ServiceNow Stock Fell 16% in April

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Capital One Financial reduced their price objective on ServiceNow from $158.00 to $113.00 and set an "overweight" rating for the company in a research note on Thursday, April 16th. Needham & Company LLC reduced their price objective on ServiceNow from $155.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 23rd. DA Davidson decreased their target price on ServiceNow from $220.00 to $190.00 and set a "buy" rating for the company in a research report on Thursday, April 23rd. Canaccord Genuity Group decreased their target price on ServiceNow from $200.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, April 23rd. Finally, Barclays assumed coverage on ServiceNow in a research report on Thursday, April 23rd. They issued an "overweight" rating and a $132.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $145.87.

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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