ServiceTitan Inc. $TTAN Stock Position Raised by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC significantly increased its stake in ServiceTitan Inc. by 1,545.2%, owning over 2 million shares valued at approximately $195.5 million.
• Analysts have a consensus rating of "Moderate Buy" for ServiceTitan, with an average price target of $126.86, and several firms recently set their price targets at $140.00.
• Insider activity includes notable sales, with Director Byron B. Deeter selling over 31,000 shares for more than $3.5 million, while overall insider ownership stands at 51.72%.

Kayne Anderson Rudnick Investment Management LLC grew its position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) by 1,545.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,055,736 shares of the company's stock after buying an additional 1,930,779 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 2.66% of ServiceTitan worth $195,521,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC bought a new position in ServiceTitan during the 1st quarter worth approximately $31,000. LRI Investments LLC bought a new position in ServiceTitan during the 1st quarter worth approximately $58,000. Tower Research Capital LLC TRC bought a new position in ServiceTitan during the 4th quarter worth approximately $91,000. Assetmark Inc. raised 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 during the period. Finally, Insight Holdings Group LLC acquired a new stake in shares of ServiceTitan during the 4th quarter worth approximately $103,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TTAN. Needham & Company LLC reiterated a "buy" rating and set a $140.00 price target on shares of ServiceTitan in a research report on Friday, June 6th. Piper Sandler reiterated an "overweight" rating and set a $150.00 price target (up from $125.00) on shares of ServiceTitan in a research report on Tuesday, July 22nd. Loop Capital upgraded ServiceTitan from a "hold" rating to a "buy" rating and increased their price target for the stock from $100.00 to $140.00 in a research report on Monday, August 18th. TD Securities increased their price target on ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley increased their price target on ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, June 6th. One research 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.com, ServiceTitan currently has an average rating of "Moderate Buy" and a consensus price target of $126.86.

ServiceTitan Stock Up 0.8%

Shares of TTAN stock traded up $0.82 during mid-day trading on Tuesday, hitting $102.58. 1,280,007 shares of the stock traded hands, compared to its average volume of 662,381. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $131.33. The company's 50-day simple moving average is $108.89 and its 200-day simple moving average is $106.66. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.07.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $215.69 million for the quarter, compared to analyst estimates of $208.61 million. The company's revenue was up 26.6% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

Insider Transactions at ServiceTitan

In other news, CEO Ara Mahdessian sold 45,185 shares of ServiceTitan stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bessemer Venture Partners Viii sold 500,000 shares of ServiceTitan stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $102.00, for a total value of $51,000,000.00. Following the transaction, the insider owned 8,503,571 shares in the company, valued at approximately $867,364,242. This trade represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,546,850 shares of company stock valued at $164,753,189 in the last quarter. Company insiders own 51.72% of the company's stock.

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.