Impressive Results Lifted ServiceNow (NOW) in Q4

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Soumya Eswaran

Tue, Apr 1, 2025, 6:20 AM 3 min read

Sands Capital, an concern absorption company, released its “Sands Capital Select Growth Fund” Q4 2024 capitalist letter. A transcript of the aforesaid tin beryllium downloaded here. Select Growth chiefly targets U.S. companies that are starring the mode successful important areas of affirmative structural translation wrong the economy. The money returned 8.8% (net) successful the 4th fourth compared to 7.1% instrumentality for the benchmark, the Russell 1000 Growth Index. The money returned 24.3% implicit the 1 twelvemonth play compared to 33.4% instrumentality for the Index. You tin cheque the fund’s apical 5 holdings to cognize much astir its champion picks for 2024.

In its 4th fourth 2024 capitalist letter, Sands Capital Select Growth Fund emphasized stocks specified arsenic ServiceNow, Inc. (NYSE:NOW). ServiceNow, Inc. (NYSE:NOW) offers intelligent workflow automation solutions for integer businesses. The one-month instrumentality of ServiceNow, Inc. (NYSE:NOW) was -12.13%, and its shares gained 5.17% of their worth implicit the past 52 weeks. On March 31, 2025, ServiceNow, Inc. (NYSE:NOW) banal closed astatine $796.14 per stock with a marketplace capitalization of $164.727 billion.

Sands Capital Select Growth Fund stated the pursuing regarding ServiceNow, Inc. (NYSE:NOW) successful its Q4 2024 capitalist letter:

"ServiceNow, Inc. (NYSE:NOW) shares precocious pursuing its third-quarter concern results, which revealed awesome execution astatine standard crossed the company’s merchandise suite.

A squad of bundle engineers astatine desks moving connected codification for a cutting-edge unreality computing solution.

ServiceNow, Inc. (NYSE:NOW) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 110 hedge money portfolios held ServiceNow, Inc. (NYSE:NOW) astatine the extremity of the 4th fourth compared to 78 successful the 3rd quarter. In the 4th fourth of 2024, ServiceNow, Inc’s (NYSE:NOW) subscription revenue accrued 21% year-over-year to $2.866 billion. While we admit the imaginable of ServiceNow, Inc. (NYSE:NOW) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.