Jacobson & Schmitt Advisors LLC bought a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 98,055 shares of the company's stock, valued at approximately $9,326,000. Jacobson & Schmitt Advisors LLC owned approximately 0.13% of ServiceTitan as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of TTAN. Avantax Advisory Services Inc. bought a new stake in ServiceTitan during the 4th quarter worth approximately $227,000. Virtu Financial LLC bought a new stake in ServiceTitan during the 4th quarter worth approximately $473,000. Sei Investments Co. bought a new stake in ServiceTitan during the 4th quarter worth approximately $1,593,000. Vanguard Group Inc. bought a new stake in ServiceTitan during the 4th quarter worth approximately $57,349,000. Finally, Artisan Partners Limited Partnership bought a new stake in ServiceTitan during the 4th quarter worth approximately $26,439,000.
Insider Buying and Selling
In related news, Director William J.G. Griffith sold 90,917 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $109.99, for a total value of $9,999,960.83. Following the completion of the transaction, the director owned 483,635 shares of the company's stock, valued at $53,195,013.65. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ara Mahdessian sold 42,674 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $110.84, for a total value of $4,729,986.16. Following the completion of the transaction, the chief executive officer directly owned 1 shares of the company's stock, valued at approximately $110.84. This trade represents a 100.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,378,143 shares of company stock worth $146,514,872 over the last three months. Company insiders own 51.72% of the company's stock.
ServiceTitan Trading Up 1.4%
TTAN stock traded up $1.52 during trading hours on Friday, hitting $114.09. 843,917 shares of the stock were exchanged, 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 company has a 50-day simple moving average of $112.32 and a two-hundred day simple moving average of $105.07. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $215.69 million for the quarter, compared to the consensus estimate of $208.61 million. The company's revenue for the quarter was up 26.6% on a year-over-year basis. On average, sell-side analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on TTAN. Stifel Nicolaus increased their target price on ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. TD Cowen assumed coverage on ServiceTitan in a report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price objective for the company. Canaccord Genuity Group increased their price objective on 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 price target on ServiceTitan from $106.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, KeyCorp set a $140.00 price target on ServiceTitan and gave the company an "overweight" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.21.
Get Our Latest Analysis on ServiceTitan
ServiceTitan Company Profile
(
Free Report)
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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