Liberty Mutual Group Asset Management Inc. Acquires New Shares in ServiceTitan Inc. $TTAN

Key Points

• Liberty Mutual Group Asset Management Inc. acquired 22,960 shares of ServiceTitan Inc. during Q2 for approximately $2,461,000, making it the firm's 6th largest holding.
• Several analysts raised their price targets for ServiceTitan, with Canaccord Genuity setting a new target of $140.00 and a "buy" rating, contributing to a consensus rating of "Moderate Buy."
• ServiceTitan reported a 25.5% year-over-year revenue growth in Q3, although it missed earnings expectations with a loss of ($0.22) EPS compared to the consensus estimate of $0.18.

Liberty Mutual Group Asset Management Inc. acquired a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,960 shares of the company's stock, valued at approximately $2,461,000. ServiceTitan comprises about 0.5% of Liberty Mutual Group Asset Management Inc.'s holdings, making the stock its 6th largest holding.

Several other institutional investors also recently modified their holdings of TTAN. Woodline Partners LP boosted its position in ServiceTitan by 4.6% in the first quarter. Woodline Partners LP now owns 2,141 shares of the company's stock worth $204,000 after purchasing an additional 95 shares during the last quarter. Assetmark Inc. boosted its position in ServiceTitan by 47.2% in the first quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after purchasing an additional 308 shares during the last quarter. LRI Investments LLC purchased a new position in ServiceTitan in the first quarter worth about $58,000. Envestnet Portfolio Solutions Inc. purchased a new position in ServiceTitan in the second quarter worth about $273,000. Finally, Northside Capital Management LLC purchased a new position in ServiceTitan in the second quarter worth about $284,000.

Insider Buying and Selling at ServiceTitan

In other news, CAO Michele O'connor sold 5,188 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $116.05, for a total value of $602,067.40. Following the completion of the transaction, the chief accounting officer directly owned 93,748 shares of the company's stock, valued at approximately $10,879,455.40. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Vahe Kuzoyan sold 16,388 shares of the business's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $99.95, for a total value of $1,637,980.60. The disclosure for this sale can be found here. Insiders sold a total of 1,160,546 shares of company stock worth $133,783,803 over the last quarter. Insiders own 51.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TTAN shares. Canaccord Genuity Group raised their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Truist Financial raised their price objective on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Robert W. Baird raised their price objective on ServiceTitan from $124.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Morgan Stanley raised their price objective on ServiceTitan from $109.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Friday, September 5th. Finally, KeyCorp set a $140.00 price objective on ServiceTitan and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $132.67.

ServiceTitan Stock Performance

ServiceTitan stock opened at $97.01 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49. The firm has a market capitalization of $9.02 billion and a P/E ratio of -17.96. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. The company's 50-day moving average is $106.09 and its 200 day moving average is $109.72.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.40). ServiceTitan had a negative net margin of 26.08% and a negative return on equity of 16.87%. The business had revenue of $242.12 million for the quarter, compared to analysts' expectations of $229.58 million. The business's quarterly revenue was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

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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