ServiceTitan Inc. (NASDAQ:TTAN) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,044,914 shares of the company's stock after acquiring an additional 190,476 shares during the quarter. ServiceTitan accounts for about 1.6% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 10th largest holding. TimesSquare Capital Management LLC owned approximately 1.36% of ServiceTitan worth $99,382,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new position in ServiceTitan in the first quarter worth $31,000. LRI Investments LLC acquired a new position in ServiceTitan in the first quarter worth $58,000. Assetmark Inc. acquired a new position in ServiceTitan in the fourth quarter worth $67,000. FIL Ltd acquired a new position in ServiceTitan in the fourth quarter worth $67,000. Finally, Tower Research Capital LLC TRC acquired a new position in ServiceTitan in the fourth quarter worth $91,000.

ServiceTitan Stock Up 1.1%

Shares of NASDAQ:TTAN traded up $1.20 during trading on Tuesday, hitting $109.35. 263,147 shares of the company were exchanged, compared to its average volume of 724,670. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $131.33. The firm has a fifty day simple moving average of $112.90. 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 posted its quarterly earnings results 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 company had revenue of $215.69 million for the quarter, compared to analyst estimates of $208.61 million. The firm's revenue for the quarter was up 26.6% on a year-over-year basis. Equities research analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Insider Activity at ServiceTitan

In other news, Director William J.G. Griffith sold 90,917 shares of the company'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 $9,999,960.83. Following the completion of the sale, the director directly owned 483,635 shares in the company, valued at approximately $53,195,013.65. This represents a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bessemer Venture Partners Viii sold 8,706 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $110.24, for a total value of $959,749.44. Following the sale, the insider owned 7,966,334 shares of the company's stock, valued at approximately $878,208,660.16. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,292,803 shares of company stock worth $136,984,534 in the last ninety days. 51.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TTAN shares. Robert W. Baird boosted their price target on shares of ServiceTitan from $106.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. TD Securities upped their target price on ServiceTitan from $120.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Morgan Stanley increased their price objective on ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, June 6th. Needham & Company LLC reiterated a "buy" rating and set a $140.00 price target on shares of ServiceTitan in a report on Friday, June 6th. Finally, Cowen reiterated a "buy" rating on shares of ServiceTitan in a report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.21.

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.