Tritonpoint Wealth LLC Boosts Stake in ServiceNow, Inc. $NOW

Key Points

• Tritonpoint Wealth LLC raised its stake in ServiceNow by 279.8% in Q4 to 16,660 shares worth $2.55 million, and several other funds also materially increased positions, leaving institutional investors with about 87.18% ownership.
• ServiceNow reported a Q (quarter) beat—$0.92 EPS vs. $0.89 and revenue up 20.7%—and announced strategic moves (CEO invested ~$3M and expanded NVIDIA partnership), but the stock has fallen sharply YTD, analysts have trimmed price targets, and insiders have been net sellers (16,237 shares over 90 days).

Tritonpoint Wealth LLC raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 279.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,660 shares of the information technology services provider's stock after buying an additional 12,274 shares during the period. Tritonpoint Wealth LLC's holdings in ServiceNow were worth $2,552,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Focus Financial Network Inc. raised its holdings in shares of ServiceNow by 286.1% in the fourth quarter. Focus Financial Network Inc. now owns 53,650 shares of the information technology services provider's stock valued at $8,219,000 after acquiring an additional 39,756 shares in the last quarter. Brookstone Capital Management grew its holdings in ServiceNow by 428.0% during the 4th quarter. Brookstone Capital Management now owns 91,158 shares of the information technology services provider's stock worth $13,964,000 after acquiring an additional 73,894 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its position in ServiceNow by 299.4% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 49,283 shares of the information technology services provider's stock valued at $7,550,000 after purchasing an additional 36,944 shares during the period. Jacobs & Co. CA raised its holdings in shares of ServiceNow by 477.3% in the 4th quarter. Jacobs & Co. CA now owns 60,245 shares of the information technology services provider's stock valued at $9,228,000 after purchasing an additional 49,809 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in shares of ServiceNow by 428.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 11,610 shares of the information technology services provider's stock valued at $1,779,000 after purchasing an additional 9,411 shares in the last quarter. Institutional investors own 87.18% of the company's stock.

Insiders Place Their Bets

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total transaction of $147,994.00. Following the sale, the insider owned 26,314 shares in the company, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of the company's stock in a transaction dated 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 owned 46,430 shares in the company, valued at approximately $4,697,323.10. This trade represents a 3.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 16,237 shares of company stock valued at $1,697,162. 0.34% of the stock is currently owned by corporate insiders.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: CEO Bill McDermott personally invested roughly $3 million into NOW, signaling management confidence and providing a direct vote of conviction amid the pullback. ServiceNow (NOW) Stock: CEO Invests $3M Amid 32% Year-to-Date Decline
• Positive Sentiment: ServiceNow expanded its partnership with NVIDIA to operationalize the company’s AI “Control Tower,” which could accelerate product differentiation and enterprise AI adoption—a strategic positive for growth and gross-margin leverage. ServiceNow (NOW) Expands Partnership With NVIDIA
• Positive Sentiment: Following the sharp pullback, at least one outlet highlights a fresh buy call — fresh analyst interest could attract value-focused funds looking for rebound candidates after the sell-off. ServiceNow Gets Fresh Buy Call After Sharp Pullback
• Positive Sentiment: Analysis suggests the Armis acquisition strengthens ServiceNow’s core platform and could expand enterprise security/use-case cross-sell—supportive for longer-term revenue expansion. ServiceNow's Deal May Be Bigger Than It Looks
• Neutral Sentiment: CEO McDermott is publicly re-shaping ServiceNow’s business model around AI execution (the “control tower” concept). This signals strategic direction but execution and monetization timelines remain the key uncertainties. ServiceNow CEO Builds New Business Model Around AI
• Neutral Sentiment: Coverage pieces note ServiceNow among AI/enterprise leaders that could outperform broader markets if AI tailwinds persist; these are thematic endorsements rather than near-term catalysts. Tech Sell-Off: Wall Street Sees 60% or More Upside for These S&P 500 Stocks
• Neutral Sentiment: Corporate hiring/leadership moves in India (new MD/GVP) are incremental operational items that support regional growth but are unlikely to move the stock by themselves. ServiceNow appoints Kulmeet Bawa as MD and group VP for the India, SAARC
• Negative Sentiment: Stifel cut its price target from $180 to $135, citing weaker U.S. federal spending and softer Q1 trends—this is the primary near-term negative driver because it directly lowers sell‑side expectations and frames public-sector demand risk. ServiceNow's price target set lower by Stifel due to weaker federal spending
• Negative Sentiment: The stock has seen a substantial multi-month decline and recent daily drops, reinforcing momentum-driven selling and making it vulnerable to further cuts or rotation out of high-multiple software names. ServiceNow (NOW) Stock Declines While Market Improves: Some Information for Investors

ServiceNow Stock Performance

Shares of NOW stock opened at $101.98 on Friday. ServiceNow, Inc. has a 12-month low of $98.00 and a 12-month high of $211.48. The business's fifty day simple moving average is $110.44 and its 200-day simple moving average is $147.38. 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 company has a market cap of $106.67 billion, a PE ratio of 61.14, a PEG ratio of 1.71 and a beta of 1.01.

ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share 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 for the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. Analysts expect that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. HSBC dropped their price objective on shares of ServiceNow from $266.40 to $226.00 and set a "buy" rating on the stock in a research note on Friday, January 30th. Jefferies Financial Group lowered their target price on ServiceNow from $230.00 to $175.00 and set a "buy" rating for the company in a report on Friday, January 23rd. Evercore reiterated an "outperform" rating and issued a $175.00 price target (down from $225.00) on shares of ServiceNow in a report on Thursday, January 29th. Macquarie Infrastructure reduced their price target on ServiceNow from $172.00 to $140.00 and set a "neutral" rating for the company in a research report on Thursday, January 29th. Finally, Wells Fargo & Company decreased their price objective on ServiceNow from $225.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $188.59.

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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