ServiceTitan Inc. (NASDAQ:TTAN) is TimesSquare Capital Management LLC's 10th Largest Position

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

A number of other large investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new position in shares of ServiceTitan in the 1st quarter valued at about $31,000. LRI Investments LLC bought a new position in ServiceTitan in the first quarter worth about $58,000. Assetmark Inc. acquired a new position in ServiceTitan in the fourth quarter valued at approximately $67,000. FIL Ltd bought a new position in shares of ServiceTitan during the fourth quarter valued at approximately $67,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of ServiceTitan during the fourth quarter valued at approximately $91,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Cowen restated a "buy" rating on shares of ServiceTitan in a research report on Wednesday, May 21st. Stifel Nicolaus raised their target price on ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Needham & Company LLC reissued a "buy" rating and set a $140.00 price target on shares of ServiceTitan in a report on Friday, June 6th. TD Cowen began coverage on shares of ServiceTitan in a report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price objective on the stock. Finally, KeyCorp set a $140.00 price objective on shares of ServiceTitan and gave the company an "overweight" rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $122.21.

ServiceTitan Price Performance

ServiceTitan stock traded up $1.43 during trading hours on Thursday, hitting $112.57. 968,295 shares of the company traded hands, compared to its average volume of 1,265,485. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. The firm's 50-day simple moving average is $112.53 and its two-hundred day simple moving average is $105.01. 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 data on Thursday, June 5th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates 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 company's revenue was up 26.6% compared to the same quarter last year. On average, sell-side analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Insider Transactions at ServiceTitan

In other news, major shareholder Iconiq Strategic Partners V, L sold 52,082 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 value of $5,728,499.18. Following the completion of the sale, the insider owned 648,606 shares in the company, valued at $71,340,173.94. This represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William J.G. Griffith sold 90,917 shares of ServiceTitan 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 transaction, the director directly owned 483,635 shares in the company, valued at approximately $53,195,013.65. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,378,143 shares of company stock valued at $146,514,872. Company insiders own 51.72% of the company's stock.

ServiceTitan Company 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.