Jacobson & Schmitt Advisors LLC Takes Position in ServiceTitan Inc. (NASDAQ:TTAN)

Jacobson & Schmitt Advisors LLC purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 98,055 shares of the company's stock, valued at approximately $9,326,000. Jacobson & Schmitt Advisors LLC owned about 0.13% of ServiceTitan at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new position in shares of ServiceTitan in the first quarter valued at about $31,000. LRI Investments LLC bought a new position in shares of ServiceTitan in the first quarter valued at about $58,000. FIL Ltd bought a new position in shares of ServiceTitan in the fourth quarter valued at about $67,000. Tower Research Capital LLC TRC bought a new position in shares of ServiceTitan in the fourth quarter valued at about $91,000. Finally, Insight Holdings Group LLC bought a new position in shares of ServiceTitan in the fourth quarter valued at about $103,000.

Insider Buying and Selling

In other ServiceTitan news, CEO Ara Mahdessian sold 42,666 shares of the firm's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $112.51, for a total transaction of $4,800,351.66. Following the completion of the transaction, the chief executive officer owned 1 shares of the company's stock, valued at approximately $112.51. This trade represents a 100.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William J.G. Griffith sold 90,917 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $109.99, for a total value of $9,999,960.83. Following the transaction, the director directly owned 483,635 shares of the company's stock, valued at $53,195,013.65. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,378,143 shares of company stock worth $146,514,872. 51.72% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on TTAN. Needham & Company LLC reaffirmed a "buy" rating and set a $140.00 price target on shares of ServiceTitan in a research report on Friday, June 6th. TD Securities raised their target price on shares of ServiceTitan from $120.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Canaccord Genuity Group raised their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Robert W. Baird raised their target price on shares of ServiceTitan from $106.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Cowen reissued a "buy" rating on shares of ServiceTitan in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.21.

ServiceTitan Price Performance

Shares of TTAN stock traded up $1.52 during trading on Friday, hitting $114.09. The company had a trading volume of 843,917 shares, compared to its average volume of 1,313,899. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.07. The stock's 50-day moving average is $112.32 and its two-hundred day moving average is $105.07. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $131.33.

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

ServiceTitan 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.