ServiceNow (NYSE:NOW) Stock Acquired Sen. Markwayne Mullin

Key Points

• Senator Markwayne Mullin disclosed the purchase of ServiceNow stock worth between $1,001 and $15,000 on September 24th.
• Despite the recent acquisition news, ServiceNow's stock is currently down 0.9%, opening at $912.13.
• ServiceNow reported a quarterly earnings of $4.09 per share, exceeding estimates, with a year-over-year revenue increase of 22.4%.

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of ServiceNow, Inc. NYSE: NOW. In a filing disclosed on October 01st, the Senator disclosed that they had bought between $1,001 and $15,000 in ServiceNow stock on September 24th.

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

• Purchased $50,001 - $100,000 in shares of Intuitive Surgical NASDAQ: ISRG on 9/24/2025.
• Sold $15,001 - $50,000 in shares of Accenture NYSE: ACN on 9/24/2025.
• Purchased $15,001 - $50,000 in shares of Intuit NASDAQ: INTU on 9/24/2025.
• Sold $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 9/24/2025.
• Sold $15,001 - $50,000 in shares of iShares U.S. Healthcare Providers ETF NYSEARCA: IHF on 9/24/2025.
• Sold $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 9/24/2025.
• Purchased $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 9/24/2025.
• Sold $15,001 - $50,000 in shares of Wabtec NYSE: WAB on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Wabtec NYSE: WAB on 9/23/2025.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 8/1/2025.

ServiceNow Stock Down 0.9%

Shares of ServiceNow stock opened at $912.13 on Thursday. ServiceNow, Inc. has a 1 year low of $678.66 and a 1 year high of $1,198.09. The firm has a market cap of $189.72 billion, a price-to-earnings ratio of 114.88, a PEG ratio of 4.15 and a beta of 0.92. The company has a 50-day moving average of $917.56 and a 200 day moving average of $928.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 EPS for the quarter, topping the consensus estimate of $3.57 by $0.52. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the firm posted $3.13 earnings per share. ServiceNow's quarterly revenue was up 22.4% on a year-over-year basis. As a group, sell-side analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in ServiceNow by 2.0% during the second quarter. Vanguard Group Inc. now owns 19,895,063 shares of the information technology services provider's stock valued at $20,453,716,000 after purchasing an additional 398,071 shares in the last quarter. State Street Corp raised its position in shares of ServiceNow by 1.7% during the 2nd quarter. State Street Corp now owns 9,323,619 shares of the information technology services provider's stock valued at $9,585,426,000 after purchasing an additional 154,307 shares during the period. Geode Capital Management LLC raised its position in shares of ServiceNow by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 4,574,563 shares of the information technology services provider's stock valued at $4,684,445,000 after purchasing an additional 88,057 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of ServiceNow by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,843,117 shares of the information technology services provider's stock valued at $2,263,519,000 after buying an additional 188,292 shares in the last quarter. Finally, Norges Bank bought a new position in ServiceNow in the 2nd quarter worth $2,589,235,000. 87.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NOW has been the topic of several recent research reports. Erste Group Bank restated a "hold" rating on shares of ServiceNow in a research note on Wednesday, July 23rd. Mizuho raised their price target on ServiceNow from $1,050.00 to $1,100.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Guggenheim reaffirmed a "sell" rating and issued a $724.00 price target on shares of ServiceNow in a research report on Thursday, July 17th. JMP Securities reissued a "market outperform" rating and set a $1,300.00 price objective on shares of ServiceNow in a research report on Monday, August 4th. Finally, Barclays set a $1,210.00 price objective 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, thirty have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and a consensus price target of $1,122.20.

Insiders Place Their Bets

In related news, General Counsel Russell S. Elmer sold 1,698 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $884.26, for a total transaction of $1,501,473.48. Following the completion of the transaction, the general counsel directly owned 4,332 shares of the company's stock, valued at approximately $3,830,614.32. This represents a 28.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anita M. Sands sold 1,097 shares of ServiceNow stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $915.11, for a total value of $1,003,875.67. Following the completion of the sale, the director directly owned 9,307 shares in the company, valued at approximately $8,516,928.77. The trade was a 10.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,737 shares of company stock worth $16,798,825 in the last three months. 0.38% of the stock is owned by company insiders.

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.

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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