bullish

Rule

Strong

April

Time

<h3 id="key-highlights">Key Highlights</h3>
<ul>
 <li>Kentucky Retirement Systems dramatically expanded its ServiceNow holdings by 400% during Q4, acquiring an additional 51,904 shares valued at approximately $9.94 million.</li>
 <li>Multiple institutional players made substantial position increases, pushing total institutional ownership to 87.18% of outstanding shares.</li>
 <li>Shares began Monday trading at $124.56, trading above the 200-day moving average of $123.39 despite remaining below the 52-week peak of $211.48.</li>
 <li>First quarter revenue surpassed expectations at $3.77 billion compared to the projected $3.75 billion, marking a 22.1% year-over-year increase.</li>
 <li>Analysts maintain a “Moderate Buy” rating with a collective price target of $141.85.</li>
</ul>
ServiceNow (NOW) shares are capturing significant institutional investor interest, as fourth-quarter 2025 filings reveal a substantial wave of position building and expansion among professional money managers.
<a href="https://knockoutstocks.com/stock/NOW" rel="noopener noreferrer nofollow"> <img src="https://knockoutstocks.com/api/stocks/NOW/embed" alt="NOW Stock Card"> ServiceNow, Inc., NOW </a>
Leading the charge, Kentucky Retirement Systems quadrupled its ServiceNow stake to 64,880 shares, representing approximately $9.94 million in value at filing time. This dramatic move signals strong conviction rather than a minor portfolio adjustment.
This bullish sentiment extended across multiple institutions. Peapack Gladstone Financial Corp expanded its holdings by an impressive 505.5%, Florida Financial Advisors increased exposure by 552.9%, and Waterloo Capital grew its position by 384.1%. Meanwhile, Rothschild Wealth initiated a fresh stake valued near $310,000.
Cumulatively, institutional stakeholders now control 87.18% of ServiceNow’s total shares outstanding.
<a href="https://coincentral.com/servicenow-now-stock-surges-14-as-ai-optimism-sweeps-software-sector/" rel="noopener noreferrer nofollow">NOW</a> kicked off Monday’s session at $124.56 per share. The stock maintains a position above its 200-day moving average of $123.39, though it continues trading significantly below its 52-week high of $211.48. With a 52-week low of $81.24, the stock has achieved a meaningful rebound from its bottom levels.
The enterprise software giant carries a market capitalization of $128.42 billion alongside a price-to-earnings ratio of 74.23.
<h3 id="first-quarter-results-exceed-expectations">First Quarter Results Exceed Expectations</h3>
<a href="https://coincentral.com/servicenow-now-stock-the-bull-and-bear-case-right-now/" rel="noopener noreferrer nofollow">ServiceNow</a> unveiled its Q1 performance on April 22nd, delivering revenue of $3.77 billion that topped the Street’s $3.75 billion estimate. This figure reflects a robust 22.1% year-over-year expansion.
Earnings per share reached $0.97, aligning precisely with analyst projections. The comparable quarter in the prior year produced EPS of $0.81. Looking ahead to the complete fiscal year, the analyst community currently projects earnings of $2.36 per share.
The company achieved a net margin of 12.59% coupled with an 18.16% return on equity.
<h3 id="street-ratings-and-executive-trading">Street Ratings and Executive Trading</h3>
Wall Street maintains a generally optimistic stance on ServiceNow shares. Citigroup elevated its price objective from $154 to $158 while maintaining a “Buy” rating. Evercore increased its target from $140 to $150 with an “Outperform” designation. BTIG reaffirmed its “Buy” recommendation with a $150 target. DA Davidson sustained its “Buy” rating with the most aggressive target at $190. Cantor Fitzgerald adjusted its target downward to $122 but preserved an “Overweight” rating.
Among 43 monitored analysts, the distribution stands at: two Strong Buy ratings, 35 Buy ratings, five Hold ratings, and one Sell rating. The average price target comes to $141.85.
Regarding insider transactions, Director Paul Edward Chamberlain divested 1,500 shares on May 14th at $87.23 each, trimming his stake by 3.23%. Insider Paul Fipps sold 1,048 shares on May 18th at $98.51 apiece, representing a 7.99% reduction. Both transactions occurred through predetermined Rule 10b5-1 trading plans. Fipps executed his sale specifically to satisfy tax liabilities associated with vesting equity compensation.
Collectively, company insiders disposed of 28,071 shares totaling roughly $2.53 million over the past quarter. Executive and board ownership represents merely 0.34% of the company.
The post <a href="https://blockonomi.com/servicenow-now-stock-is-now-the-time-to-buy-after-strong-q1-performance/" rel="noopener noreferrer nofollow">ServiceNow (NOW) Stock: Is Now the Time to Buy After Strong Q1 Performance?</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

ServiceNow (NOW) Stock: Is Now the Time to Buy After Strong Q1 Performance?

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