Senator Markwayne Mullin has acquired shares of ServiceNow Inc (NOW), valued between $1,000 and $15,000. The transaction occurred on September 23, 2025, and was reported on September 30, 2025, in compliance with the STOCK Act's 30-day reporting requirement.
This purchase was made through a joint account, underscoring the transparency measures mandated by the STOCK Act of 2012, which aims to prevent insider trading among members of Congress. Such transactions may reflect various motivations, including portfolio diversification or personal financial planning.
ServiceNow, headquartered in Santa Clara, California, provides a cloud-based workflow automation platform designed for digital businesses. The company employs 26,293 individuals and has a market capitalisation of $178.6 billion. Its platform, the Now Platform, connects people, processes, data, and devices, enhancing productivity across public and private sectors. The company has a trailing twelve-month price-to-earnings ratio of 103.19 and earnings per share of 8.26.
Investors should note that congressional trading disclosures offer a glimpse into the financial activities of elected officials. While such transactions are legal when disclosed, they should be viewed as one of many data points rather than definitive investment signals. Research on the predictive value of congressional trading remains mixed, with some studies indicating slight outperformance of congressional portfolios.
Looking ahead, ServiceNow is set to report its next earnings on April 20, 2026, with an estimated earnings per share of $4.77 and revenue expectations of $3.7 billion.