ServiceNowNOW
Market Cap: 170B
About: ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
Employees: 22,668
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
35% more first-time investments, than exits
New positions opened: 186 | Existing positions closed: 138
21% more repeat investments, than reductions
Existing positions increased: 741 | Existing positions reduced: 610
7% more capital invested
Capital invested by funds: $126B [Q4 2023] → $134B (+$8.42B) [Q1 2024]
3% more funds holding
Funds holding: 1,698 [Q4 2023] → 1,746 (+48) [Q1 2024]
0.79% less ownership
Funds ownership: 87.19% [Q4 2023] → 86.41% (-0.79%) [Q1 2024]
21% less funds holding in top 10
Funds holding in top 10: 84 [Q4 2023] → 66 (-18) [Q1 2024]
30% less call options, than puts
Call options by funds: $2.46B | Put options by funds: $3.5B
Research analyst outlook
37 Wall Street Analysts provided 1 year price forecasts over the past 6 months
37 analyst ratings
JMP Securities Patrick Walravens | 3%upside $850 | Market Outperform Maintained | 25 Jul 2024 |
TD Cowen Derrick Wood | 9%upside $900 | Buy Maintained | 25 Jul 2024 |
Wells Fargo Michael Turrin | 13%upside $935 | Overweight Maintained | 25 Jul 2024 |
Deutsche Bank Brad Zelnick | 9%upside $900 | Buy Maintained | 25 Jul 2024 |
RBC Capital Matthew Hedberg | 6%upside $880 | Outperform Maintained | 25 Jul 2024 |
Financial journalist opinion
Based on 99 articles about NOW published over the past 30 days