$ServiceNow(NOW)$
ServiceNow repurchased around $2B in Q1 alone, already exceeding its total buybacks for all of 2025. On top of that, there's still roughly $4.8B remaining in its authorization.
When a high-quality software company starts accelerating buybacks at this scale, it's not just about capital return—it's management putting a clear floor under the stock and signaling internal conviction on valuation.
The market can debate multiples, but insiders are voting with real money here.
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