Epoch Investment Partners Inc. Buys New Shares in ServiceTitan Inc. $TTAN

Key Points

• Epoch Investment Partners Inc. acquired a stake in ServiceTitan Inc. ($TTAN) during Q1, purchasing 11,168 shares valued at approximately $1,062,000.
• Insider trading activity includes CEO Ara Mahdessian selling 45,185 shares for over $4.68 million, while major shareholder Bessemer Venture Partners sold 500,000 shares worth $51 million.
• Analysts have generally upgraded their ratings for ServiceTitan, with Loop Capital raising their target from $100 to $140 and several firms maintaining "buy" ratings with price targets between $140 and $150.

Epoch Investment Partners Inc. acquired a new position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,168 shares of the company's stock, valued at approximately $1,062,000.

Other hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in ServiceTitan in the 4th quarter valued at about $529,000. Bank of America Corp DE bought a new stake in ServiceTitan during the 4th quarter worth approximately $540,000. Nuveen Asset Management LLC bought a new stake in ServiceTitan during the 4th quarter worth approximately $7,793,000. D. E. Shaw & Co. Inc. bought a new stake in ServiceTitan during the 4th quarter worth approximately $1,543,000. Finally, Barclays PLC bought a new stake in ServiceTitan during the 4th quarter worth approximately $267,000.

ServiceTitan Price Performance

Shares of ServiceTitan stock traded down $0.79 during trading on Monday, reaching $107.23. 688,837 shares of the stock were exchanged, compared to its average volume of 714,692. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.82 and a current ratio of 4.82. The stock's fifty day moving average is $108.99 and its 200 day moving average is $106.85. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33.

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

Insider Activity at ServiceTitan

In other ServiceTitan news, President Vahe Kuzoyan sold 24,582 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $112.02, for a total transaction of $2,753,675.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Bessemer Venture Partners Viii sold 8,706 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $110.24, for a total transaction of $959,749.44. Following the sale, the insider directly owned 7,966,334 shares of the company's stock, valued at $878,208,660.16. This trade represents a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,546,850 shares of company stock valued at $164,753,189 in the last quarter. 51.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TTAN has been the subject of a number of recent research reports. TD Securities boosted their price objective on ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Raymond James Financial assumed coverage on ServiceTitan in a research note on Friday. They issued a "market perform" rating on the stock. Needham & Company LLC restated a "buy" rating and issued a $140.00 target price on shares of ServiceTitan in a research note on Friday, June 6th. Morgan Stanley boosted their target price on ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, June 6th. Finally, Piper Sandler restated an "overweight" rating and issued a $150.00 target price (up previously from $125.00) on shares of ServiceTitan in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, ServiceTitan presently has a consensus rating of "Moderate Buy" and an average target price of $127.00.

About ServiceTitan

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.