16,588 Shares in ServiceTitan Inc. $TTAN Purchased by Anchyra Partners LLC

Key Points

• Anchyra Partners LLC acquired a new stake of 16,588 shares in ServiceTitan (NASDAQ:TTAN) during Q4, valued at about $1.77 million.
• Insiders sold a total of 33,440 shares in the last quarter — including CFO David Sherry's sale of 17,778 shares (~$1.24M) — though insiders still hold 51.72% of the company.
• Analysts have trimmed price targets (recently to roughly the $100–$115 range) but the consensus is a Moderate Buy with an average target of $112.31; ServiceTitan also beat quarterly EPS and revenue estimates, with revenue up 21.4% year-over-year.

Anchyra Partners LLC acquired a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,588 shares of the company's stock, valued at approximately $1,767,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTAN. Cloud Capital Management LLC acquired a new stake in shares of ServiceTitan in the 3rd quarter valued at approximately $25,000. Toth Financial Advisory Corp lifted its holdings in ServiceTitan by 150.0% in the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company's stock valued at $27,000 after acquiring an additional 150 shares during the period. Farther Finance Advisors LLC boosted its position in shares of ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company's stock worth $28,000 after purchasing an additional 174 shares in the last quarter. eCIO Inc. acquired a new position in shares of ServiceTitan during the 4th quarter worth $30,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of ServiceTitan during the 4th quarter worth $36,000.

Insiders Place Their Bets

In other news, CFO David Sherry sold 17,778 shares of the firm's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total transaction of $1,241,971.08. Following the sale, the chief financial officer owned 313,025 shares in the company, valued at $21,867,926.50. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Vahe Kuzoyan sold 3,220 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total value of $224,949.20. Following the transaction, the president owned 1 shares in the company, valued at $69.86. This trade represents a 99.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 33,440 shares of company stock worth $2,281,468. 51.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TTAN has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of ServiceTitan from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, March 13th. Truist Financial dropped their target price on shares of ServiceTitan from $130.00 to $100.00 and set a "buy" rating for the company in a report on Friday, March 13th. BTIG Research reduced their price target on shares of ServiceTitan from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, March 12th. Canaccord Genuity Group decreased their price target on ServiceTitan from $140.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, March 13th. Finally, Needham & Company LLC lowered their price target on ServiceTitan from $140.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, March 13th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $112.31.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $62.66 on Monday. The company has a market cap of $5.87 billion, a PE ratio of -36.43 and a beta of -0.14. ServiceTitan Inc. has a 12 month low of $55.23 and a 12 month high of $131.33. The company has a 50-day simple moving average of $66.68 and a 200-day simple moving average of $83.96.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.09. The business had revenue of $253.99 million for the quarter, compared to the consensus estimate of $245.47 million. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.86%. The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. On average, analysts anticipate that ServiceTitan Inc. will post -0.62 EPS for the current year.

ServiceTitan Profile

ServiceTitan, Inc NASDAQ: TTAN is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company's platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan's offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.

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