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Kevin Thomas McBride, Principal Accounting Officer at ServiceNow, Inc. (NYSE:NOW), sold 280 shares of common stock on August 15, 2025, at a price of $851.77, totaling $238,495. The transaction occurred as ServiceNow’s stock trades near $887, with the company commanding a market capitalization of $183 billion. According to InvestingPro data, the stock currently trades at a P/E ratio of 110x, reflecting the market’s high growth expectations.
On the same day, McBride also disposed of 365 shares of common stock to cover tax obligations at a price of $867.24, resulting in a total value of $316,542.
Additionally, McBride exercised options to acquire a total of 767 shares of ServiceNow common stock at a price of $0.
In other recent news, ServiceNow reported strong second-quarter 2025 results, exceeding expectations and prompting the company to raise its guidance for the third quarter and full year. Despite the fourth-quarter subscription revenue guidance being slightly below consensus estimates, Cantor Fitzgerald maintained an Overweight rating on ServiceNow, setting a price target of $1,200, and described the guidance as conservative. Furthermore, JMP Securities reiterated its Market Outperform rating with a price target of $1,300, following a meeting with ServiceNow’s investor relations team where they reviewed the company’s AI products.
In a strategic move, ServiceNow and Salesforce (NYSE:CRM) are in advanced discussions to invest $750 million each in Genesys Cloud Services, a provider of AI-powered customer contact center software, valuing the company at approximately $15 billion. Additionally, ServiceNow has announced a technology partnership with the DFL Deutsche Fußball Liga to become the Official Workflow Partner for Germany’s top football leagues. This partnership aims to improve automation and efficiency in DFL’s business workflows, enhancing interactions with partners and fans. These recent developments highlight ServiceNow’s ongoing efforts to expand its technological capabilities and market presence.
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