BlackRock acquired 97.5M ServiceNow shares worth $11.6B. That's 0.18% of their equity portfolio (90th largest holding). The investor owns 9.07% of the outstanding ServiceNow stock. The first ServiceNow trade was made in Q4 2020. Since then BlackRock bought shares eleven more times and sold shares on six occasions. The stake costed the investor $11.5B, netting the investor a gain of 1.5% so far.
ServiceNow is mispriced due to AI-driven SaaS sector fears, despite robust fundamentals and a differentiated business model. NOW posted strong Q1 results: 22...
ServiceNow, Inc. (NOW) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
ServiceNow is positioned as an AI orchestration leader, leveraging its digital workflow incumbency to benefit from AI adoption. Management targets $30–$32 bi...
ADSK's AI-driven cloud push, rising subscription revenues and lower valuation may give it an edge over NOW.