ServiceTitan Inc. $TTAN Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 701,060 shares of the company's stock after purchasing an additional 143,574 shares during the quarter. Vanguard Group Inc. owned approximately 0.91% of ServiceTitan worth $66,678,000 as of its most recent SEC filing.

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

ServiceTitan Stock Up 0.9%

NASDAQ:TTAN opened at $104.82 on Monday. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.07. The company's 50-day moving average is $109.04 and its two-hundred day moving average is $106.71. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. The firm had revenue of $215.69 million during the quarter, compared to analyst estimates of $208.61 million. The company's revenue for the quarter was up 26.6% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Insider Activity

In other ServiceTitan news, CEO Ara Mahdessian sold 45,185 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $103.71, for a total value of $4,686,136.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William J.G. Griffith sold 90,917 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $109.99, for a total transaction of $9,999,960.83. Following the completion of the transaction, the director owned 483,635 shares in the company, valued at $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. Over the last quarter, insiders have sold 1,546,850 shares of company stock valued at $164,753,189. Company insiders own 51.72% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TTAN shares. Stifel Nicolaus lifted their target price on shares of ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Piper Sandler restated an "overweight" rating and set a $150.00 price target (up from $125.00) on shares of ServiceTitan in a research report on Tuesday, July 22nd. Needham & Company LLC restated a "buy" rating and set a $140.00 price target on shares of ServiceTitan in a research report on Friday, June 6th. TD Securities boosted their price target 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. Finally, Morgan Stanley boosted their price target on shares of ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.86.

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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