ServiceTitan Inc. $TTAN Shares Purchased by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB significantly increased its stake in ServiceTitan Inc. by 17,761.4% during Q2, acquiring a total of 10,181 shares valued at approximately $1,091,000.
• Company insiders have sold a substantial amount of shares recently, with Bessemer Venture Partners Viii selling 492 shares and CFO David Sherry selling 11,746 shares, indicating some profit-taking amid the stock's recent valuation changes.
• ServiceTitan's stock price has declined by 1.7% recently, with a current market cap of $8.62 billion and a consensus target price of $132.67 from analysts suggesting a general positive outlook despite mixed earnings results.

Wilmington Savings Fund Society FSB increased its holdings in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) by 17,761.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,181 shares of the company's stock after acquiring an additional 10,124 shares during the period. Wilmington Savings Fund Society FSB's holdings in ServiceTitan were worth $1,091,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TTAN. Harbour Capital Advisors LLC acquired a new stake in shares of ServiceTitan during the 1st quarter valued at about $252,000. Taylor Frigon Capital Management LLC acquired a new stake in shares of ServiceTitan during the 1st quarter valued at about $2,487,000. WCM Investment Management LLC acquired a new stake in shares of ServiceTitan during the 1st quarter valued at about $8,025,000. Principal Financial Group Inc. grew its position in shares of ServiceTitan by 38.3% during the 1st quarter. Principal Financial Group Inc. now owns 341,097 shares of the company's stock valued at $32,442,000 after acquiring an additional 94,518 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of ServiceTitan during the 1st quarter valued at about $598,000.

Insider Transactions at ServiceTitan

In other news, major shareholder Bessemer Venture Partners Viii sold 492 shares of the company's stock in a transaction on Friday, October 10th. The stock was sold at an average price of $101.33, for a total transaction of $49,854.36. Following the sale, the insider owned 7,089,795 shares of the company's stock, valued at approximately $718,408,927.35. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Sherry sold 11,746 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $116.04, for a total value of $1,363,005.84. Following the sale, the chief financial officer directly owned 347,928 shares in the company, valued at $40,373,565.12. This represents a 3.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,118,693 shares of company stock worth $128,602,995 in the last ninety days. 51.72% of the stock is owned by company insiders.

ServiceTitan Trading Down 1.7%

Shares of ServiceTitan stock opened at $92.69 on Friday. The stock has a market cap of $8.62 billion and a P/E ratio of -17.16. The stock's 50 day simple moving average is $105.36 and its 200-day simple moving average is $109.60. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.40). The firm had revenue of $242.12 million for the quarter, compared to analysts' expectations of $229.58 million. ServiceTitan had a negative net margin of 26.08% and a negative return on equity of 16.87%. The firm's revenue was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Analysts Set New Price Targets

TTAN has been the topic of several research analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $140.00 price objective on shares of ServiceTitan in a report on Friday, September 5th. Wells Fargo & Company lifted their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Truist Financial lifted their price objective on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Loop Capital upgraded ServiceTitan from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $140.00 in a report on Monday, August 18th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of ServiceTitan in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, ServiceTitan has a consensus rating of "Moderate Buy" and a consensus target price of $132.67.

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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