Valeo Financial Advisors LLC Increases Stake in ServiceNow, Inc. $NOW

Valeo Financial Advisors LLC significantly increased its stake in ServiceNow, Inc. (NYSE:NOW) by 480.4% in the fourth quarter, bringing its total holdings to 15,253 shares valued at approximately $2.34 million. This move is part of a broader trend of institutional buying, with 87.18% of ServiceNow’s stock owned by hedge funds and institutional investors. Despite a recent stock pullback influenced by AI fears and mixed analyst target adjustments, the company maintains a “Moderate Buy” consensus rating with an average target price of $144.71, driven by positive sentiment around its AI governance tools and strategic partnerships.

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