NEW YORK, Feb 15, 2026, 13:56 (EST) — The market has closed.
ServiceNow NYSE:NOW finished Friday at $107.08, up 3.6%. That’s the last U.S. session before the long weekend.
With U.S. markets shut Monday, Feb. 16, for Washington’s Birthday (Presidents Day), investors will have to wait until Tuesday’s open for the latest demand numbers on the software name.
Wall Street found its footing Friday, after a softer U.S. inflation print eased Treasury yields and reignited hopes for rate cuts before year-end. “Either way, it is a bit of good news as we head into the long holiday weekend,” said Tim Holland, chief investment officer at Orion. Reuters
The Consumer Price Index climbed 0.2% in January, according to the Labor Department, putting it up 2.4% over the past year. Strip out food and energy, and the core index jumped 2.5% from a year ago. “Price pressures remain a little too hot for comfort,” said James McCann, senior economist at Edward Jones, who doesn’t see much reason for the Fed to move on rates before summer. Reuters
Still, that rebound is colliding with an “AI scare trade”—investors are scrambling to figure out which companies might be vulnerable as artificial intelligence advances quickly. “With fear driving market sentiment, investors remain in ‘sell first think later’ mode,” Barclays equity strategist Emmanuel Cau wrote in a note. Reuters
Kevin Thomas McBride, who serves as principal accounting officer at ServiceNow, unloaded 1,400 shares at $105.71 apiece back on Feb. 13, according to a Form 4 filed Friday. The filing notes the sale was executed under a Rule 10b5-1 plan—a preset program insiders use to schedule trades.
Some insider activity appeared linked to compensation, not personal sales. CFO Gina Mastantuono logged 1,140 shares from vested RSUs, and surrendered 613 of those for tax withholding—standard practice on equity grants.
ServiceNow, the Santa Clara, California software company, offers subscription-based products for IT and other business workflows. Late last month, it laid out a fiscal 2026 subscription revenue target between $15.53 billion and $15.57 billion. The board also greenlit another $5 billion in share buybacks, with $2 billion earmarked for an accelerated repurchase handled via a bank. Subscription revenue refers to the recurring payments from software contracts; an accelerated buyback speeds up the share repurchase process.
ServiceNow, in a different SEC filing, named Danielle Fontaine as its new chief accounting officer and corporate controller, with the change taking effect Feb. 17. On that date, McBride is set to move into a fresh executive vice president position, according to the filing.
Friday, Feb. 20 brings the U.S. personal income and outlays report, wrapping in the core personal consumption expenditures price index — the inflation measure that’s on the Federal Reserve’s radar. That number can shift the calculus for software high-fliers like ServiceNow, impacting both rate bets and multiples.
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