76,278 Shares in ServiceTitan Inc. $TTAN Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. purchased 76,278 shares of ServiceTitan Inc. for approximately $7,255,000, representing a 0.10% ownership share.
• In its recent earnings report, ServiceTitan exceeded analysts' expectations by posting an EPS of $0.18 and a revenue of $215.69 million, up 26.6% year-over-year.
• ServiceTitan's stock currently has a consensus price target of $126.86 with ratings ranging from "Strong Buy" to "Hold" by various research firms.

Charles Schwab Investment Management Inc. acquired a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,278 shares of the company's stock, valued at approximately $7,255,000. Charles Schwab Investment Management Inc. owned 0.10% of ServiceTitan as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Investment Advisory LLC bought a new position in ServiceTitan in the first quarter valued at about $31,000. LRI Investments LLC bought a new position in ServiceTitan in the first quarter valued at about $58,000. Tower Research Capital LLC TRC bought a new position in ServiceTitan in the fourth quarter valued at about $91,000. Assetmark Inc. grew its position in ServiceTitan by 47.2% in the first quarter. Assetmark Inc. now owns 960 shares of the company's stock valued at $91,000 after acquiring an additional 308 shares during the last quarter. Finally, Woodline Partners LP bought a new position in ServiceTitan in the fourth quarter valued at about $210,000.

ServiceTitan Trading Up 0.8%

NASDAQ TTAN opened at $102.58 on Wednesday. The business's 50-day moving average price is $108.89 and its two-hundred day moving average price is $106.66. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.07.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The company had revenue of $215.69 million during the quarter, compared to the consensus estimate of $208.61 million. The company's revenue was up 26.6% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Sell-side analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Ara Mahdessian sold 45,185 shares of ServiceTitan stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $103.71, for a total value of $4,686,136.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Iconiq Strategic Partners V, L sold 52,082 shares of ServiceTitan stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $109.99, for a total value of $5,728,499.18. Following the completion of the transaction, the insider directly owned 648,606 shares of the company's stock, valued at approximately $71,340,173.94. This trade represents a 7.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,546,850 shares of company stock valued at $164,753,189. Insiders own 51.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TTAN. KeyCorp set a $140.00 target price on ServiceTitan and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Piper Sandler reiterated an "overweight" rating and issued a $150.00 target price (up previously from $125.00) on shares of ServiceTitan in a research report on Tuesday, July 22nd. Loop Capital upgraded ServiceTitan from a "hold" rating to a "buy" rating and lifted their target price for the company from $100.00 to $140.00 in a research report on Monday, August 18th. Stifel Nicolaus lifted their target price on ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Morgan Stanley increased their target price on ServiceTitan from $107.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $126.86.

ServiceTitan Company Profile

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.

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