Atlantic Union Bankshares Corp Acquires 50,151 Shares of ServiceNow, Inc. $NOW

Market Beat
2026.05.14 07:13
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Atlantic Union Bankshares Corp increased its stake in ServiceNow, Inc. by 407.5% in Q4, acquiring 50,151 shares, bringing its total to 62,458 shares valued at $9.57 million. Other institutional investors also raised their stakes significantly. ServiceNow's recent partnership with Boomi and positive analyst sentiment have bolstered investor interest, despite concerns over a planned $4 billion bond sale and governance issues ahead of the 2026 annual meeting. Analysts have varied target price adjustments, with most maintaining a positive outlook on the stock.