Earnings Momentum: ServiceNow delivered a solid quarterly performance with revenue rising 24 percent year over year and earnings exceeding expectations across key metrics. Guidance was also lifted, prompting market participants to reassess the impact of its expanding AI offerings. The results arrived amid broader industry questions about software demand in an AI-driven landscape.
AI Business Growth: Investors noted that the firm's AI-related contract value has already crossed the $1 billion threshold, arriving ahead of internal targets. This development is viewed as a direct response to worries that automated agents could reduce demand for traditional seats. Many highlighted how the platform continues to secure new business on consumption-based terms rather than per-user pricing.
Stock Price Context: Despite the upbeat update, shares have remained under pressure and sit well below their average analyst target after a steep year-to-date decline. Conversations reflect ongoing debate about whether recent execution is sufficient to shift sentiment in the near term.
Note: This discussion summary was generated from an AI condensation of post data.
ServiceNow Insider Trading Activity
ServiceNow insiders have traded $NOW stock on the open market 11 times in the past 6 months. Of those trades, 2 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $NOW stock by insiders over the last 6 months:
- WILLIAM R MCDERMOTT (Chairman & CEO) has made 2 purchases buying 28,682 shares for an estimated $3,000,057 and 0 sales.
- PAUL FIPPS (President, Global Customer Ops) has made 0 purchases and 3 sales selling 14,385 shares for an estimated $1,500,651.
- ANITA M SANDS sold 16,445 shares for an estimated $1,482,401
- JACQUELINE P CANNEY (Chief People & AI Enblmt. Off.) sold 8,927 shares for an estimated $799,868
- PAUL EDWARD CHAMBERLAIN has made 0 purchases and 2 sales selling 3,000 shares for an estimated $282,600.
- TERESA BRIGGS sold 1,595 shares for an estimated $173,376
- KEVIN THOMAS MCBRIDE (Principal Accounting Officer) sold 1,400 shares for an estimated $147,994
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
ServiceNow Revenue
ServiceNow had revenues of $4B in Q2 2026. This is an increase of 24.01% from the same period in the prior year.
You can track NOW financials on Quiver Quantitative's NOW stock page.
You can access data on NOW stock through the Quiver Quantitative API.
ServiceNow Congressional Stock Trading
Members of Congress have traded $NOW stock 7 times in the past 6 months. Of those trades, 3 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $NOW stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 3 times. They made 1 purchase worth up to $15,000 on 03/06 and 2 sales worth up to $30,000 on 04/24, 01/30.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 04/14.
- SENATOR ALAN ARMSTRONG sold up to $50,000 on 03/27.
- REPRESENTATIVE BYRON DONALDS has traded it 2 times. They made 2 purchases worth up to $30,000 on 02/10 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
ServiceNow Hedge Fund Activity
We have seen 1,179 institutional investors add shares of ServiceNow stock to their portfolio, and 1,126 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JENNISON ASSOCIATES LLC removed 8,362,328 shares (-99.2%) from their portfolio in Q1 2026, for an estimated $875,870,234
- CAPITAL INTERNATIONAL INVESTORS removed 7,832,605 shares (-75.4%) from their portfolio in Q1 2026, for an estimated $820,387,047
- DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 7,076,873 shares (-91.7%) from their portfolio in Q1 2026, for an estimated $741,231,678
- ALLIANCEBERNSTEIN L.P. removed 5,832,131 shares (-66.5%) from their portfolio in Q1 2026, for an estimated $610,857,400
- NUVEEN, LLC removed 5,535,715 shares (-58.1%) from their portfolio in Q1 2026, for an estimated $579,810,789
- AMUNDI added 4,346,722 shares (+60.9%) to their portfolio in Q1 2026, for an estimated $455,275,662
- FMR LLC removed 3,528,784 shares (-22.3%) from their portfolio in Q1 2026, for an estimated $369,604,836
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
ServiceNow Government Contracts
We have seen $1,498,293 of award payments to $NOW over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- SOFTWARE LICENSE RENEWAL: $1,498,293
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
ServiceNow Analyst Ratings
Wall Street analysts have issued reports on $NOW in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 02/05/2026
To track analyst ratings and price targets for ServiceNow, check out Quiver Quantitative's $NOW forecast page.
ServiceNow Price Targets
Multiple analysts have issued price targets for $NOW recently. We have seen 29 analysts offer price targets for $NOW in the last 6 months, with a median target of $134.0.
Here are some recent targets:
- Kash Rangan from Goldman Sachs set a target price of $145.0 on 07/09/2026
- Miller Jump from Truist Securities set a target price of $130.0 on 07/09/2026
- John Difucci from Guggenheim set a target price of $125.0 on 07/01/2026
- Allan Verkhovski from BTIG set a target price of $150.0 on 06/29/2026
- Yi Fu Lee from Benchmark set a target price of $130.0 on 06/15/2026
- Tal Liani from B of A Securities set a target price of $130.0 on 05/18/2026
- Peter Weed from Bernstein set a target price of $236.0 on 05/06/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
