Rep. Lisa C. McClain Sells Off Shares of ServiceNow, Inc. (NYSE:NOW)

Key Points

• Rep. Lisa C. McClain sold shares of ServiceNow, Inc. for an amount between $1,001 and $15,000, as disclosed on August 13th, with the sale occurring on June 9th.
• ServiceNow reported a net margin of 13.78% and a revenue of $3.22 billion for the quarter, exceeding analyst expectations.
• ServiceNow's stock has been upgraded by multiple analysts recently, with target prices ranging from $1,000 to $1,300.

Representative Lisa C. McClain (R-Michigan) recently sold shares of ServiceNow, Inc. NYSE: NOW. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in ServiceNow stock on June 9th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

ServiceNow Stock Performance

NYSE NOW traded down $12.5650 during trading hours on Thursday, hitting $877.6850. 1,111,841 shares of the company's stock traded hands, compared to its average volume of 1,716,612. The business's fifty day moving average price is $959.60 and its two-hundred day moving average price is $931.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $182.56 billion, a P/E ratio of 110.54, a P/E/G ratio of 4.00 and a beta of 0.93. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.52. The business had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.12 billion. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The company's revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.13 EPS. Equities research analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. North Dallas Bank & Trust Co. purchased a new stake in ServiceNow during the second quarter valued at $422,000. B. Riley Wealth Advisors Inc. purchased a new position in ServiceNow in the second quarter worth about $2,633,000. Newbridge Financial Services Group Inc. increased its stake in ServiceNow by 97.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 3,819 shares of the information technology services provider's stock worth $3,926,000 after acquiring an additional 1,883 shares during the last quarter. Advisory Services Network LLC raised its position in ServiceNow by 5.0% during the second quarter. Advisory Services Network LLC now owns 14,372 shares of the information technology services provider's stock valued at $13,554,000 after purchasing an additional 682 shares during the period. Finally, Asset Dedication LLC raised its position in ServiceNow by 2.1% during the second quarter. Asset Dedication LLC now owns 2,893 shares of the information technology services provider's stock valued at $2,974,000 after purchasing an additional 59 shares during the period. 87.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other ServiceNow news, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $866.45, for a total value of $1,489,427.55. Following the completion of the sale, the insider owned 3,000 shares of the company's stock, valued at $2,599,350. This trade represents a 36.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 300 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $860.00, for a total value of $258,000.00. Following the transaction, the director directly owned 9,886 shares in the company, valued at approximately $8,501,960. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,361 shares of company stock valued at $10,579,976 over the last 90 days. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wall Street Zen upgraded ServiceNow from a "hold" rating to a "buy" rating in a research report on Tuesday, July 29th. Evercore ISI increased their target price on shares of ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. JMP Securities reaffirmed a "market outperform" rating and set a $1,300.00 price target on shares of ServiceNow in a report on Monday, August 4th. Bank of America lifted their target price on shares of ServiceNow from $1,110.00 to $1,200.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, UBS Group lowered their price objective on ServiceNow from $1,125.00 to $1,100.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,115.20.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

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