ServiceTitan Inc. $TTAN Shares Acquired by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. increased its stake in ServiceTitan Inc. by 1.4%, owning approximately 2.99% of the company worth $219.34 million following the acquisition of an additional 32,066 shares.
• ServiceTitan's stock has received positive ratings from several analysts, with target prices increasing, including upwards adjustments to $140.00 by TD Securities and KeyCorp.
• Company insiders sold significant amounts of stock recently, with CFO David Sherry and Director Byron B. Deeter each selling shares and insiders collectively offloading over 1.5 million shares in the last quarter.

Price T Rowe Associates Inc. MD grew its stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,306,168 shares of the company's stock after purchasing an additional 32,066 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 2.99% of ServiceTitan worth $219,341,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Harbor Investment Advisory LLC acquired a new stake in ServiceTitan during the first quarter worth about $31,000. LRI Investments LLC acquired a new stake in ServiceTitan during the first quarter worth about $58,000. Tower Research Capital LLC TRC acquired a new stake in ServiceTitan during the fourth quarter worth about $91,000. Assetmark Inc. raised its stake in ServiceTitan by 47.2% during the first quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after acquiring an additional 308 shares during the period. Finally, Insight Holdings Group LLC acquired a new stake in ServiceTitan during the fourth quarter worth about $103,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Cowen reiterated a "buy" rating on shares of ServiceTitan in a research note on Wednesday, May 21st. TD Securities upped their target price on shares of ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. KeyCorp set a $140.00 target price on shares of ServiceTitan and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Stifel Nicolaus upped their target price on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.86.

Insider Buying and Selling

In other news, CFO David Sherry sold 1,499 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $116.89, for a total value of $175,218.11. Following the completion of the sale, the chief financial officer directly owned 365,670 shares of the company's stock, valued at approximately $42,743,166.30. This represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Byron B. Deeter sold 31,187 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $112.60, for a total transaction of $3,511,656.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,546,850 shares of company stock worth $164,753,189. Company insiders own 51.72% of the company's stock.

ServiceTitan Stock Performance

NASDAQ TTAN opened at $104.82 on Friday. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week 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. The company has a 50-day moving average price of $109.04 and a two-hundred day moving average price of $106.70.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The company had revenue of $215.69 million during the quarter, compared to analyst estimates of $208.61 million. The firm's quarterly 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. Sell-side analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

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.

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