HighPoint Advisor Group LLC Boosts Position in ServiceNow, Inc. $NOW

HighPoint Advisor Group LLC significantly increased its stake in ServiceNow, Inc. ($NOW) by 377% in the fourth quarter, with other hedge funds also boosting their holdings, leading institutional investors to hold 87.18% of the company. Despite positive news, including an expanded FedEx partnership and analyst support for its AI platform, ServiceNow’s stock has been under pressure, trading below its 52-week high after meeting EPS expectations and slightly topping revenue estimates. Analysts maintain a “Moderate Buy” consensus, with some adjusting price targets amidst valuation debates, while recent insider sales have also been noted.

IN-5.46%
SWK-3.17%
NOW5.02%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned