Recent transactions in ServiceNow, Inc. (NYSE:NOW) have caught the attention of the market. Several top assets management companies such as Rhumbline Advisers, WealthPlan Investment Management LLC, and Allspring Global Investments Holdings are decreasing their holdings. Meanwhile, significant insider selling activities involving notable personalities, such as Rep. Robert Bresnahan, Jr. and CEO Jacqueline P. Canney, have been observed again. This seems to have been the cause of recent tumult in the market, prompting a substantial fall in ServiceNow's stock. Concerning ServiceNow's long-term outlook, it seems the market perception is not very optimistic following the release of the company's 2025 growth targets.
Notwithstanding, some companies like PUREfi Wealth LLC, Empire Life Investments Inc., Vicus Capital, and many more have begun or increased their stakes. A general consensus among certain industry analysts is that can be considered a buying point, suggesting current circumstances provide an opportune moment for entry into the Now platform. ServiceNow is expanding its visual AI technology, intending to drive long-term gains. Notably, Jim Cramer's advisory to 'Buy the dip' has garnered attention.
Servicenow Stocks News Analytics from Fri, 20 Dec 2024 08:00:00 GMT to Sat, 15 Feb 2025 12:33:37 GMT - Rating -3 - Innovation -2 - Information 7 - Rumor -5
