T. Rowe Price Investment Management Inc. Raises Position in ServiceTitan Inc. $TTAN

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in ServiceTitan Inc. by 4.5%, owning approximately 1.18% of the company, which is valued at $86.47 million as of the end of the last quarter.
• ServiceTitan's stock price recently opened at $103.88, with a 1-year high of $131.33 and a low of $79.81, suggesting a volatile trading range.
• The company reported earnings of $0.18 per share for the latest quarter, exceeding estimates and indicating a revenue increase of 26.6% compared to the previous year.

T. Rowe Price Investment Management Inc. lifted its holdings in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 909,131 shares of the company's stock after buying an additional 38,827 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.18% of ServiceTitan worth $86,468,000 as of its most recent SEC filing.

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

Insider Activity

In other ServiceTitan news, Director Byron B. Deeter sold 31,187 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $112.60, for a total transaction of $3,511,656.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Sherry sold 1,499 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $116.89, for a total value of $175,218.11. Following the sale, the chief financial officer directly 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 disclosure for this sale can be found here. Insiders have sold 1,546,850 shares of company stock valued at $164,753,189 in the last 90 days. 51.72% of the stock is owned by corporate insiders.

ServiceTitan Stock Performance

Shares of NASDAQ:TTAN traded down $3.06 during midday trading on Monday, reaching $101.76. The company's stock had a trading volume of 488,882 shares, compared to its average volume of 719,893. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.82 and a quick ratio of 4.82. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33. The business has a 50 day moving average price of $109.04 and a 200 day moving average price of $106.71.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced 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 business had revenue of $215.69 million during the quarter, compared to analysts' expectations of $208.61 million. The firm's quarterly revenue was up 26.6% compared to the same quarter last year. ServiceTitan has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Securities lifted their price objective on ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Robert W. Baird lifted their price objective on ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Stifel Nicolaus boosted their price target on ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Loop Capital raised ServiceTitan from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $140.00 in a report on Monday, August 18th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $140.00 price target on shares of ServiceTitan in a report on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, ServiceTitan has an average rating of "Moderate Buy" and a consensus price target 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.