ServiceNow (NYSE:NOW) Shares Unloaded Rep. Val T. Hoyle

Key Points

• Representative Val T. Hoyle sold between $1,001 and $15,000 in ServiceNow shares, indicating ongoing trading activity among Congress members.
• ServiceNow reported a 22.4% increase in quarterly revenue year-over-year, with earnings per share of $4.09, surpassing analysts' expectations.
• Institutional investors hold an impressive 87.18% of ServiceNow's stock, with significant acquisitions recently made by firms such as Goldman Sachs Group Inc.

Representative Val T. Hoyle (D-Oregon) recently sold shares of ServiceNow, Inc. NYSE: NOW. In a filing disclosed on September 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in ServiceNow stock on August 19th. The trade occurred in the Representative's "FIDELITY ROLLOVER IRA" account.

Representative Val T. Hoyle also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walgreens Boots Alliance NASDAQ: WBA on 8/27/2025.
• Sold $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 8/19/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Johnson Controls International NYSE: JCI on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Copart NASDAQ: CPRT on 8/19/2025.
• Purchased $1,001 - $15,000 in shares of Tyler Technologies NYSE: TYL on 8/7/2025.
• Purchased $1,001 - $15,000 in shares of United Rentals NYSE: URI on 8/7/2025.
• Sold $1,001 - $15,000 in shares of BioNTech NASDAQ: BNTX on 8/7/2025.

ServiceNow Price Performance

Shares of NYSE NOW traded down $12.93 during midday trading on Tuesday, hitting $934.50. The company had a trading volume of 588,927 shares, compared to its average volume of 1,691,868. The firm has a market capitalization of $194.37 billion, a price-to-earnings ratio of 117.80, a price-to-earnings-growth ratio of 4.18 and a beta of 0.91. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The business has a 50-day simple moving average of $925.62 and a two-hundred day simple moving average of $922.47. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Preservation Advisors LLC acquired a new position in ServiceNow during the first quarter worth approximately $382,000. Corient IA LLC acquired a new position in ServiceNow in the first quarter valued at $796,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in ServiceNow during the first quarter valued at about $1,820,000. ASR Vermogensbeheer N.V. purchased a new stake in shares of ServiceNow during the 1st quarter worth about $19,278,000. Finally, Goldman Sachs Group Inc. increased its position in ServiceNow by 131.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,480,526 shares of the information technology services provider's stock worth $1,178,706,000 after purchasing an additional 840,731 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NOW. Guggenheim reiterated a "sell" rating and set a $724.00 target price on shares of ServiceNow in a research report on Thursday, July 17th. FBN Securities raised ServiceNow to a "strong-buy" rating in a research note on Wednesday, June 11th. Barclays set a $1,210.00 target price on shares of ServiceNow in a report on Thursday, July 24th. Bank of America upped their price target on shares of ServiceNow from $1,110.00 to $1,200.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Oppenheimer reissued an "outperform" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of ServiceNow in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,115.20.

Insider Buying and Selling

In related news, General Counsel Russell S. Elmer sold 1,698 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $884.26, for a total value of $1,501,473.48. Following the transaction, the general counsel owned 4,332 shares in the company, valued at approximately $3,830,614.32. The trade was a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anita M. Sands sold 1,097 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $915.11, for a total value of $1,003,875.67. Following the transaction, the director owned 9,307 shares of the company's stock, valued at approximately $8,516,928.77. This trade represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,976 shares of company stock valued at $17,049,775. 0.38% of the stock is owned by insiders.

About Representative Hoyle

Val Hoyle (Democratic Party) is a member of the U.S. House, representing Oregon's 4th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Hoyle (Democratic Party) is running for re-election to the U.S. House to represent Oregon's 4th Congressional District. She declared candidacy for the 2026 election. Val Hoyle was born in California and lives in Springfield, Oregon. Hoyle graduated from Merrimack High School. She earned a B.A. in political science from Emmanuel College in 1992. Her career experience includes working as a director at United Way of Lane County, a policy fellow at Wayne Morse Center for Law and Politics, and a commissioner at the Oregon Bureau of Labor and Industries. Hoyle has also worked in domestic and international sales, as well as manufacturing distribution.

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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