Blair William & Co. IL Buys Shares of 21,735 ServiceTitan Inc. $TTAN

Key Points

• Blair William & Co. IL has acquired a new stake in ServiceTitan Inc. by purchasing 21,735 shares, valued at approximately $2,330,000.
• CEO Ara Mahdessian sold 45,185 shares of ServiceTitan on August 21st for over $4.6 million, contributing to a total of approximately 1.16 million shares sold by insiders recently.
• ServiceTitan's stock has seen price target increases from several analysts, with a current consensus price target of $132.67 and a general rating of "Moderate Buy."

Blair William & Co. IL acquired a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 21,735 shares of the company's stock, valued at approximately $2,330,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTAN. LRI Investments LLC bought a new position in ServiceTitan in the 1st quarter worth about $58,000. Assetmark Inc. increased its stake in ServiceTitan by 47.2% in the 1st quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after acquiring an additional 308 shares during the last quarter. Woodline Partners LP increased its stake in ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company's stock worth $204,000 after acquiring an additional 95 shares during the last quarter. Northside Capital Management LLC bought a new position in ServiceTitan in the 2nd quarter worth about $284,000. Finally, Comerica Bank increased its stake in ServiceTitan by 92,500.0% in the 1st quarter. Comerica Bank now owns 2,778 shares of the company's stock worth $264,000 after acquiring an additional 2,775 shares during the last quarter.

Insider Transactions at ServiceTitan

In related news, CEO Ara Mahdessian sold 45,185 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $103.71, for a total transaction of $4,686,136.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Byron B. Deeter sold 31,187 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $112.60, for a total value of $3,511,656.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,160,546 shares of company stock worth $133,783,803. 51.72% of the stock is owned by company insiders.

ServiceTitan Trading Up 1.0%

NASDAQ TTAN opened at $97.01 on Wednesday. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $131.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.49 and a current ratio of 4.49. The stock has a 50 day simple moving average of $106.09 and a two-hundred day simple moving average of $109.72. The stock has a market cap of $9.02 billion and a P/E ratio of -17.96.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.40). The business had revenue of $242.12 million during the quarter, compared to analysts' expectations of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The company's quarterly revenue was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TTAN. Morgan Stanley upped their price objective on ServiceTitan from $109.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Citigroup upped their price objective on ServiceTitan from $111.00 to $123.00 and gave the stock a "neutral" rating in a report on Tuesday, September 9th. Raymond James Financial began coverage on ServiceTitan in a report on Friday, August 29th. They issued a "market perform" rating for the company. Needham & Company LLC reiterated a "buy" rating and issued a $140.00 price objective on shares of ServiceTitan in a report on Friday, September 5th. Finally, BMO Capital Markets began coverage on ServiceTitan in a report on Thursday, August 28th. They issued an "outperform" rating and a $129.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $132.67.

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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