Zevenbergen Capital Investments LLC Purchases 472,619 Shares of ServiceNow, Inc. $NOW

Key Points

• Zevenbergen Capital Investments raised its stake in ServiceNow by 341.8%, buying 472,619 shares to hold 610,885 shares worth about $93.6 million, making NOW its 15th-largest holding (≈2.1% of the firm's portfolio).
• ServiceNow beat Q4 estimates with EPS $0.92 vs $0.89 and revenue of $3.57 billion (up 20.7% YoY), and analysts maintain a consensus of "Moderate Buy" with an average price target of $192.61.
• Shares have rebounded about 5.6% from near their 52‑week low amid bargain hunting and easing AI/SaaS fears, but mixed technicals (50‑day below 200‑day) and insiders selling (~16,237 shares last quarter) point to possible continued volatility.

Zevenbergen Capital Investments LLC raised its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 341.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,885 shares of the information technology services provider's stock after acquiring an additional 472,619 shares during the period. ServiceNow makes up approximately 2.1% of Zevenbergen Capital Investments LLC's holdings, making the stock its 15th biggest holding. Zevenbergen Capital Investments LLC owned approximately 0.06% of ServiceNow worth $93,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NOW. Kilter Group LLC bought a new stake in ServiceNow in the second quarter worth $25,000. IAG Wealth Partners LLC lifted its position in ServiceNow by 200.0% during 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 grew its stake in shares of ServiceNow by 400.0% in 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 in the last quarter. Bogart Wealth LLC increased its holdings 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 worth $29,000 after buying an additional 15 shares during the last quarter. Finally, Wealth Watch Advisors INC bought a new stake in shares of ServiceNow in the 3rd quarter worth about $29,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Stock Up 5.6%

Shares of NYSE NOW opened at $104.97 on Tuesday. ServiceNow, Inc. has a 1 year low of $98.00 and a 1 year high of $211.48. The firm has a 50-day simple moving average of $112.44 and a two-hundred day simple moving average of $149.20. The company has a market cap of $109.80 billion, a P/E ratio of 62.93, a PEG ratio of 1.68 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00.

ServiceNow (NYSE:NOW - Get Free Report) last released its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm posted $0.73 earnings per share. The company's quarterly revenue was up 20.7% on a year-over-year basis. Research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. DZ Bank raised shares of ServiceNow to a "strong-buy" rating in a report on Thursday, December 18th. Stifel Nicolaus set a $180.00 price objective on ServiceNow and gave the company a "buy" rating in a research report on Thursday, January 29th. Macquarie Infrastructure lowered their price objective on ServiceNow from $172.00 to $140.00 and set a "neutral" rating for the company in a research note on Thursday, January 29th. Arete Research set a $200.00 target price on ServiceNow in a report on Tuesday, January 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $155.00 target price on shares of ServiceNow in a research report on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $192.61.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Bargain-hunting lifted the stock after it neared its 52-week low, driving a short-term rebound as value-seeking investors stepped in. Read More.
• Positive Sentiment: Improved geopolitical sentiment — comments about productive talks with Iran — helped risk-on flows, which benefited enterprise software names including ServiceNow. Read More.
• Positive Sentiment: Market commentary points to receding AI fears and renewed optimism for SaaS, which analysts and pundits say is supporting a bounce in ServiceNow. Read More.
• Positive Sentiment: Analyst sentiment is generally constructive — the stock recently received an average rating of "Moderate Buy," which can underpin investor confidence. Read More.
• Positive Sentiment: Coverage noting ServiceNow's resilience relative to the sector and buy-the-dip narratives highlight its strong position in workflow automation and AI orchestration. Read More.
• Neutral Sentiment: Partner and ecosystem updates (e.g., new enterprise connector listed on the ServiceNow Store) expand platform integrations but are incremental to revenue catalysts. Read More.
• Neutral Sentiment: Industry product and governance news (e.g., database change governance, AI governance frameworks) affect the broader tech landscape; indirect to ServiceNow's near-term price action. Read More.
• Negative Sentiment: Broader SaaS/tech sell-off and macro/geopolitical uncertainty remain headwinds; investors are still discounting near-term risk, which pushed the stock close to its 52-week low before the rebound. Read More.
• Negative Sentiment: Technicals show prior weakness (50-day below 200-day moving average), underscoring that sentiment-driven bounces could be volatile rather than a definitive trend reversal. Read More.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the sale, the insider owned 26,314 shares in the company, valued at $2,781,652.94. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value 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 trade 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 valued at $1,697,162 in the last quarter. 0.34% of the stock is owned by insiders.

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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