Invesco Ltd. Cuts Stake in ServiceTitan Inc. $TTAN

Key Points

• Invesco Ltd. has reduced its stake in ServiceTitan Inc. by 50.4%, holding 99,269 shares valued at approximately $9.44 million after selling over 100,000 shares in the first quarter.
• ServiceTitan reported a 26.6% year-over-year revenue increase with quarterly earnings of $0.18 per share, beating analysts' expectations of $0.12.
• Multiple institutional investors, including Assetmark Inc. and Harbor Investment Advisory LLC, have increased their positions in ServiceTitan during the same quarter, indicating growing institutional interest.

Invesco Ltd. lowered its position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) by 50.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,269 shares of the company's stock after selling 100,731 shares during the quarter. Invesco Ltd. owned 0.13% of ServiceTitan worth $9,441,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. boosted its position in shares of ServiceTitan by 47.2% during the 1st quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after purchasing an additional 308 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of ServiceTitan during the 1st quarter worth $31,000. LRI Investments LLC purchased a new stake in shares of ServiceTitan during the 1st quarter worth $58,000. Tower Research Capital LLC TRC purchased a new stake in shares of ServiceTitan during the 4th quarter worth $91,000. Finally, Insight Holdings Group LLC purchased a new stake in shares of ServiceTitan during the 4th quarter worth $103,000.

ServiceTitan Price Performance

Shares of NASDAQ:TTAN opened at $104.82 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.82 and a current ratio of 4.82. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33. The stock's fifty day simple moving average is $109.04 and its 200-day simple moving average is $106.71.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $215.69 million during the quarter, compared to analysts' expectations of $208.61 million. The business'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. On average, research analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

TTAN has been the topic of several research analyst reports. Robert W. Baird boosted their target price on shares of ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. KeyCorp set a $140.00 target price on shares of ServiceTitan and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Stifel Nicolaus boosted their target price on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. TD Securities boosted their target price on shares of ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Needham & Company LLC restated a "buy" rating and issued a $140.00 price target on shares of ServiceTitan in a research report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $126.86.

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.

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