ServiceNow (NYSE:NOW) Stock Acquired Rep. Josh Gottheimer

Key Points

• Rep. Josh Gottheimer disclosed buying between $1,001 and $15,000 of ServiceNow (NYSE:NOW) stock on March 6 via his Morgan Stanley Select UMA account.
• ServiceNow shares plunged (opened $89.70), were down about 8% and hit a 52‑week low near $88.66; the company has a market cap around $93 billion and reported revenue up 20.7% year‑over‑year last quarter.
• Analyst views are mixed — MarketBeat shows a consensus "Moderate Buy" with an average target of $187.46 while several firms trimmed targets — and ServiceNow's launch of an AI‑native platform and partner deals (e.g., DXC) are positive catalysts amid broader sector AI‑related sell‑off concerns.

Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of ServiceNow, Inc. NYSE: NOW. In a filing disclosed on April 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in ServiceNow stock on March 6th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of ENN Energy OTCMKTS: XNGSY on 3/24/2026.
• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 3/24/2026.
• Purchased $1,001 - $15,000 in shares of Fabrinet NYSE: FN on 3/24/2026.
• Sold $1,001 - $15,000 in shares of Intapp NASDAQ: INTA on 3/12/2026.
• Sold $1,001 - $15,000 in shares of Alcon NYSE: ALC on 3/12/2026.
• Sold $1,001 - $15,000 in shares of La-Z-Boy NYSE: LZB on 3/12/2026.
• Sold $1,001 - $15,000 in shares of HDFC Bank NYSE: HDB on 3/12/2026.
• Sold $1,001 - $15,000 in shares of Infineon Technologies OTCMKTS: IFNNY on 3/12/2026.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/10/2026.
• Sold $1,001 - $15,000 in shares of Columbia Banking System NASDAQ: COLB on 3/5/2026.

ServiceNow Stock Down 8.0%

Shares of NYSE:NOW opened at $89.70 on Friday. The company has a fifty day moving average of $107.95 and a 200-day moving average of $144.82. The company has a market capitalization of $92.94 billion, a PE ratio of 53.77, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. ServiceNow, Inc. has a 52-week low of $88.66 and a 52-week high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.53 billion. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. On average, equities analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Macquarie Infrastructure lowered their price target on shares of ServiceNow from $172.00 to $140.00 and set a "neutral" rating for the company in a report on Thursday, January 29th. Argus upgraded shares of ServiceNow to a "strong-buy" rating in a report on Wednesday, February 4th. KeyCorp decreased their price objective on ServiceNow from $155.00 to $115.00 and set an "underweight" rating for the company in a report on Thursday, January 29th. BNP Paribas Exane upgraded ServiceNow from a "neutral" rating to an "outperform" rating and set a $140.00 price objective for the company in a report on Monday, March 16th. Finally, Oppenheimer restated an "outperform" rating and issued a $175.00 price objective (down from $200.00) on shares of ServiceNow in a report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $187.46.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow announced an AI-native platform (Context Engine, Build Agent skills) that embeds AI across its product suite — a strategic move to make AI part of core workflows rather than an add‑on, which supports long‑term enterprise stickiness. ServiceNow moves beyond the sidecar AI era
• Positive Sentiment: Customer and partner traction: DXC announced multi‑year use of ServiceNow’s agentic AI tools and other partners/consulting firms continue to build on the platform — evidence of commercial demand for the new product set. DXC Introduces New Assure Smart Apps
• Positive Sentiment: Some analysts and strategists view the pullback as overdone and a buying opportunity, arguing CIO feedback shows fast AI adoption and that long‑term fundamentals (growth, margins) remain intact. The Selloffs in ServiceNow and Salesforce Stocks Are Disconnected, Says Wedbush
• Neutral Sentiment: Third‑party ecosystem updates (Novaworks board appointment, KeenStack advisory moves) highlight continued partner activity on the ServiceNow platform but are not material catalysts on their own. NOVAWORKS.AI APPOINTS MEG BEAR TO BOARD OF DIRECTORS
• Neutral Sentiment: Be aware of ticker confusion: NowVertical Group TSX‑V: NOW reported results today — unrelated to ServiceNow — which could add noise for retail traders seeing “NOW” headlines. NowVertical Group Reports Fourth Quarter 2025 Financial Results
• Negative Sentiment: Sector shock: Anthropic’s latest, more capable AI model reignited fears that agentic AI will displace SaaS revenue and margins, triggering a broad sell‑off in software names (including NOW). That macro sentiment is the primary driver of today’s drop. Anthropic's Latest AI Model Sends a Shockwave Through Software Stocks
• Negative Sentiment: Price/analyst pressure: NOW hit 52‑week lows, saw heavy volume, and faces analyst downgrades and pessimistic notes (BTIG, Erste trims) — adding technical and sentiment pressure that can amplify volatility short term. ServiceNow (NOW) Stock Plunges 45% in Six Months, Reaches New 52-Week Low

Insiders Place Their Bets

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the 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 completion of the sale, the insider directly owned 26,314 shares in the company, valued at approximately $2,781,652.94. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction dated 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. The trade was a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,237 shares of company stock worth $1,697,162. Company insiders own 0.34% of the company's stock.

Institutional Trading of ServiceNow

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in ServiceNow by 404.5% during the 4th quarter. Vanguard Group Inc. now owns 101,963,384 shares of the information technology services provider's stock worth $15,619,771,000 after acquiring an additional 81,752,460 shares during the period. State Street Corp grew its holdings in ServiceNow by 406.6% during the 4th quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider's stock worth $7,337,280,000 after acquiring an additional 38,441,898 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in ServiceNow by 371.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider's stock worth $4,962,692,000 after acquiring an additional 25,517,218 shares during the period. Geode Capital Management LLC grew its holdings in ServiceNow by 404.8% during the 4th quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider's stock worth $3,591,425,000 after acquiring an additional 18,854,775 shares during the period. Finally, Morgan Stanley grew its holdings in ServiceNow by 335.6% during the 4th quarter. Morgan Stanley now owns 22,733,483 shares of the information technology services provider's stock worth $3,482,543,000 after acquiring an additional 17,514,679 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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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