Impressive Results Lifted ServiceNow (NOW) in Q4
From Yahoo Finance: 2025-04-01 09:20:00
Sands Capital Management released its Q4 2024 investor letter for the Sands Capital Select Growth Fund, focusing on U.S. companies driving positive structural change in the economy. The fund returned 8.8% in Q4, with 24.3% over the past year, compared to the Russell 1000 Growth Index. Check the fund’s top 5 holdings for 2024.
In the letter, Sands Capital highlighted ServiceNow, Inc. (NYSE:NOW), a provider of workflow automation solutions for digital businesses. NOW’s one-month return was -12.13%, with a 5.17% gain over the past 52 weeks. On March 31, 2025, NOW closed at $796.14 per share, with a market cap of $164.727 billion.
ServiceNow, Inc. (NYSE:NOW) showed impressive execution at scale across its product suite, leading to share price advancement following third-quarter results. Despite not being among the 30 most popular stocks among hedge funds, NOW saw an increase in the number of hedge fund portfolios holding the stock in Q4 2024. Subscription revenue rose 21% year-over-year to $2.866 billion.