ServiceNow: President Fipps sells $249k in stock

Published 20/11/2025, 02:18
ServiceNow: President Fipps sells $249k in stock

Paul Fipps, President, Global Customer Ops at ServiceNow, Inc. (NYSE:NOW), sold 305 shares of common stock on November 18, 2025, at a price of $817.55, for a total value of $249,352. The transaction occurred near ServiceNow’s current trading price of $816.73, with the stock down nearly 23% year-to-date according to InvestingPro data. Despite this decline, analysts remain optimistic with a consensus "Strong Buy" recommendation.

According to a Form 4 filing with the Securities and Exchange Commission, Fipps also engaged in transactions related to the vesting of restricted stock units on November 17, 2025. 68 shares and 59 shares were acquired as a result of restricted stock units vesting. Additionally, a total of 52 shares were relinquished at a price of $835.79 per share to cover tax obligations, resulting in a total value of $43,461.ServiceNow, with a market capitalization of $168.77 billion, currently trades at a P/E ratio of 98.42 and maintains an overall "GOOD" financial health rating. InvestingPro analysis indicates the company may be slightly undervalued compared to its Fair Value estimate. For investors seeking deeper insights, ServiceNow is among 1,400+ US equities covered by comprehensive Pro Research Reports that transform complex data into actionable intelligence.

In other recent news, ServiceNow announced a strategic integration with Figma, allowing developers to convert Figma designs directly into functional enterprise applications through ServiceNow’s AI platform. This integration is powered by the new Model Context Protocol, which reportedly reduces the initial UI and data model implementation time by over 80%. Additionally, ServiceNow has expanded its partnership with NTT DATA to accelerate AI adoption globally, designating NTT DATA as a strategic AI delivery partner. This collaboration aims to develop and market AI-driven solutions across various market segments.

On the financial front, DA Davidson reiterated its Buy rating for ServiceNow, highlighting the company’s strong quarterly performance and raised guidance. Meanwhile, BMO Capital lowered its price target slightly to $1,150, maintaining an Outperform rating, noting solid subscription revenue growth and operating margins. TD Cowen also raised its price target to $1,250, citing significant growth in ServiceNow’s current remaining performance obligation, marking the largest beat in over two years. These developments reflect the company’s ongoing momentum and strategic initiatives in AI and enterprise solutions.

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