Sen. Markwayne Mullin Buys ServiceNow, Inc. (NYSE:NOW) Shares

Key Points

• Sen. Markwayne Mullin disclosed buying $15,001–$50,000 of ServiceNow (NOW) shares on December 29, according to a filing made public January 16.
• NOW has slid recently (about a 2.9% drop noted) amid analyst downgrades and notable insider selling, but the consensus remains a "Moderate Buy" with a roughly $215.97 price target and structural tailwinds from a recent 5‑for‑1 stock split and AI‑led workflow growth expectations.
• That same day Mullin made a series of other purchases, including $100,001–$250,000 in Amazon and $50,001–$100,000 in JPMorgan, showing a sizable, diversified set of trades.

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of ServiceNow, Inc. NYSE: NOW. In a filing disclosed on January 16th, the Senator disclosed that they had bought between $15,001 and $50,000 in ServiceNow stock on December 29th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Deere & Company NYSE: DE on 12/29/2025.
• Purchased $15,001 - $50,000 in shares of Hilton Worldwide NYSE: HLT on 12/29/2025.
• Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 12/29/2025.
• Purchased $15,001 - $50,000 in shares of CocaCola NYSE: KO on 12/29/2025.
• Purchased $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 12/29/2025.
• Purchased $1,001 - $15,000 in shares of American Express NYSE: AXP on 12/29/2025.
• Purchased $100,001 - $250,000 in shares of Amazon.com NASDAQ: AMZN on 12/29/2025.
• Purchased $50,001 - $100,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 12/29/2025.
• Purchased $15,001 - $50,000 in shares of The Goldman Sachs Group NYSE: GS on 12/29/2025.
• Purchased $15,001 - $50,000 in shares of Boston Scientific NYSE: BSX on 12/29/2025.

ServiceNow Stock Down 2.9%

Shares of NOW stock opened at $127.34 on Friday. The stock has a 50 day moving average of $157.85 and a 200-day moving average of $175.84. The firm has a market cap of $132.23 billion, a PE ratio of 76.99, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. ServiceNow, Inc. has a 12 month low of $126.85 and a 12 month high of $239.62.

Insiders Place Their Bets

In related news, Vice Chairman Nicholas Tzitzon sold 2,610 shares of the company's stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $165.42, for a total transaction of $431,735.76. Following the transaction, the insider owned 15,000 shares in the company, valued at $2,481,240. This represents a 14.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gina Mastantuono sold 2,085 shares of the firm's stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $161.60, for a total transaction of $336,936.00. Following the completion of the sale, the chief financial officer owned 63,215 shares of the company's stock, valued at $10,215,544. The trade was a 3.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,310 shares of company stock worth $2,533,585 over the last ninety days. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Piper Sandler reissued an "overweight" rating and issued a $200.00 price target (down from $230.00) on shares of ServiceNow in a report on Monday, January 5th. BTIG Research reiterated a "buy" rating and issued a $200.00 target price on shares of ServiceNow in a research note on Monday, December 22nd. KeyCorp restated an "underweight" rating on shares of ServiceNow in a research note on Friday, January 9th. JPMorgan Chase & Co. upped their price target on ServiceNow from $204.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, October 30th. Finally, Wall Street Zen raised ServiceNow from a "hold" rating to a "buy" rating in a report on Saturday, December 27th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and a consensus price target of $215.97.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Analysts and commentators highlight ServiceNow’s AI-led workflow platform as a growth driver if enterprise AI adoption continues, supporting longer‑term upside. 1 Stock-Split Stock to Buy That Could Soar
• Positive Sentiment: ServiceNow completed a 5-for-1 stock split in December, boosting retail accessibility and liquidity — a structural tailwind for demand. 1 Stock-Split Stock to Buy That Could Soar
• Positive Sentiment: Piper Sandler named NOW among its top software picks for 2026, signaling meaningful upside expectations from a major sell‑side shop. Here’s Why ServiceNow (NOW) Was Among Piper Sandler’s Top Picks For 2026
• Positive Sentiment: Large institutional buys reported in recent quarters (e.g., Nordea, UBS additions) suggest conviction from some asset managers and provide a supportive ownership base. ServiceNow Stock (NOW) Opinions on Recent Price Drop
• Neutral Sentiment: Coverage comparing enterprise AI/workflow vendors highlights ServiceNow’s exposure to the AI automation market but notes competitive differences across players — useful context but not an immediate catalyst. Who is Winning AI Workflow Automation? We Compared 4 Enterprise Stocks.
• Neutral Sentiment: An integration with a smaller identity vendor (AuthID) briefly lifted that partner’s shares; partner integrations can incrementally expand use cases but are not a major standalone driver for NOW. AuthID Shares Cool Off After ServiceNow Integration
• Negative Sentiment: Analyst moves and price‑target cuts (including a recent downgrade that pushed the stock to a 52‑week low) are pressuring the share price and catalyzing selling. ServiceNow NYSE: NOW Sets New 52-Week Low on Analyst Downgrade
• Negative Sentiment: Extensive insider selling over recent months (many executive sales, few purchases) raises short‑term governance/optics concerns for some investors. ServiceNow Stock (NOW) Opinions on Recent Price Drop
• Negative Sentiment: Social media and chatter about the recent dip amplify volatility — some see a buying opportunity, but short‑term momentum favors sellers. ServiceNow Stock (NOW) Opinions on Recent Price Drop

Institutional Trading of ServiceNow

Institutional investors have recently bought and sold shares of the stock. Kilter Group LLC acquired a new stake in shares of ServiceNow in the 2nd quarter valued at $25,000. IAG Wealth Partners LLC lifted its holdings in ServiceNow by 200.0% during the 3rd 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. Global X Japan Co. Ltd. acquired a new position in ServiceNow in the second quarter valued at about $30,000. Total Investment Management Inc. bought a new stake in ServiceNow during the second quarter worth about $31,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of ServiceNow during the second quarter worth approximately $32,000. Institutional investors and hedge funds own 87.18% of the company's stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About ServiceNow

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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