Roubaix Capital LLC Invests $4.03 Million in ServiceTitan Inc. $TTAN

Key Points

• Roubaix Capital LLC invested approximately $4.03 million in ServiceTitan Inc. (NASDAQ: TTAN), purchasing 42,330 shares during the first quarter, making it the company's 21st largest position.
• Institutional investment in ServiceTitan has increased, with notable purchases from firms like Nuveen Asset Management and Jane Street Group, reflecting growing interest in the company.
• ServiceTitan reported strong quarterly earnings with $215.69 million in revenue, exceeding analyst expectations and showing a year-over-year growth of 26.6%.

Roubaix Capital LLC bought a new position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 42,330 shares of the company's stock, valued at approximately $4,026,000. ServiceTitan comprises 2.1% of Roubaix Capital LLC's investment portfolio, making the stock its 21st largest position. Roubaix Capital LLC owned about 0.05% of ServiceTitan as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new position in shares of ServiceTitan in the first quarter worth approximately $31,000. LRI Investments LLC bought a new position in shares of ServiceTitan in the first quarter worth approximately $58,000. Tower Research Capital LLC TRC bought a new position in shares of ServiceTitan in the fourth quarter worth approximately $91,000. Assetmark Inc. grew its holdings in shares of 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. Finally, Insight Holdings Group LLC bought a new position in shares of ServiceTitan in the fourth quarter worth approximately $103,000.

ServiceTitan Stock Down 3.0%

TTAN stock traded down $3.26 on Tuesday, reaching $103.98. The company's stock had a trading volume of 650,311 shares, compared to its average volume of 671,845. The business has a fifty day simple moving average of $108.94 and a two-hundred day simple moving average of $106.69. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33. 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 (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The business had revenue of $215.69 million during the quarter, compared to analysts' expectations of $208.61 million. The firm's revenue for the quarter 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. As a group, equities research analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler restated an "overweight" rating and issued a $150.00 target price (up previously from $125.00) on shares of ServiceTitan in a report on Tuesday, July 22nd. Stifel Nicolaus raised their target price on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, May 30th. KeyCorp set a $140.00 target price on shares of ServiceTitan and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $140.00 price target on shares of ServiceTitan in a research note on Friday, June 6th. Finally, Cowen reaffirmed a "buy" rating on shares of ServiceTitan in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $126.86.

Insider Transactions at ServiceTitan

In other ServiceTitan news, major shareholder Iconiq Strategic Partners V, L sold 52,082 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $109.99, for a total transaction of $5,728,499.18. Following the completion of the transaction, the insider owned 648,606 shares of the company's stock, valued at approximately $71,340,173.94. This trade represents a 7.43% 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. Over the last three months, insiders sold 1,461,518 shares of company stock worth $155,943,554. Corporate 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.