Seven Grand Managers LLC Grows Position in ServiceTitan Inc. $TTAN

Key Points

• Seven Grand Managers LLC increased its holdings in ServiceTitan Inc. (TTAN) by 87.5% in the first quarter, owning 75,000 shares after purchasing an additional 35,000 shares.
• ServiceTitan's quarterly earnings surpassed expectations, reporting $0.18 EPS against a consensus estimate of $0.12, with revenue rising 26.6% year-over-year.
• Brokerages have raised their price targets on ServiceTitan, with Robert W. Baird setting a new target of $124.00, reflecting a positive outlook from analysts.

Seven Grand Managers LLC lifted its position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) by 87.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the company's stock after buying an additional 35,000 shares during the period. ServiceTitan makes up about 1.7% of Seven Grand Managers LLC's investment portfolio, making the stock its 21st biggest position. Seven Grand Managers LLC owned approximately 0.10% of ServiceTitan worth $7,133,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TTAN. Geode Capital Management LLC purchased a new position in ServiceTitan during the fourth quarter valued at $6,484,000. Invesco Ltd. purchased a new position in shares of ServiceTitan in the fourth quarter valued at about $20,574,000. Barclays PLC purchased a new position in ServiceTitan during the fourth quarter valued at $267,000. Walleye Capital LLC purchased a new stake in shares of ServiceTitan in the fourth quarter worth about $354,000. Finally, Marshall Wace LLP purchased a new stake in shares of ServiceTitan in the fourth quarter worth about $23,884,000.

ServiceTitan Stock Performance

NASDAQ TTAN traded down $3.26 during midday trading on Tuesday, hitting $103.98. 650,302 shares of the company traded hands, compared to its average volume of 724,368. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.07. The company's 50-day simple moving average is $108.91 and its 200-day simple moving average is $106.71. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its 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 company had revenue of $215.69 million for the quarter, compared to the consensus estimate of $208.61 million. The firm'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 analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TTAN shares. Needham & Company LLC reiterated a "buy" rating and issued a $140.00 target price on shares of ServiceTitan in a research report on Friday, June 6th. Morgan Stanley boosted their price objective on ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, June 6th. KeyCorp set a $140.00 price objective on ServiceTitan and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Loop Capital raised ServiceTitan from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $140.00 in a research note on Monday. Finally, Piper Sandler restated an "overweight" rating and set a $150.00 price objective (up previously from $125.00) on shares of ServiceTitan in a report on Tuesday, July 22nd. 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.86.

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, CFO David Sherry sold 1,499 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $116.89, for a total transaction of $175,218.11. Following the sale, the chief financial officer owned 365,670 shares of the company's stock, valued at approximately $42,743,166.30. This trade represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ara Mahdessian sold 42,666 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $112.51, for a total value of $4,800,351.66. Following the sale, the chief executive officer directly owned 1 shares in the company, valued at $112.51. This trade represents a 100.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,461,518 shares of company stock worth $155,943,554. 51.72% of the stock is currently owned by company insiders.

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.