First American Bank Purchases 21,209 Shares of ServiceNow, Inc. $NOW

First American Bank significantly increased its stake in ServiceNow, Inc. (NYSE:NOW) by 396.6% in the fourth quarter, acquiring an additional 21,209 shares, bringing their total holdings to 26,557 shares valued at approximately $4.07 million. Despite this institutional buying and a “Moderate Buy” consensus from Wall Street analysts with an average price target of $188.59, ServiceNow’s stock is trading well below its 52-week high, and company insiders have been net sellers, offloading 16,237 shares in the last 90 days. The article also highlights recent positive developments like the CEO’s personal investment and an expanded partnership with NVIDIA, alongside negative sentiment from a Stifel price target cut due to weaker federal spending.