ServiceTitan (NASDAQ:TTAN) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

ServiceTitan (NASDAQ:TTAN - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06, Briefing.com reports. The company had revenue of $215.69 million during the quarter, compared to analyst estimates of $208.61 million. The company's quarterly revenue was up 26.6% compared to the same quarter last year. ServiceTitan updated its FY 2026 guidance to EPS and its Q2 2026 guidance to EPS.

ServiceTitan Price Performance

ServiceTitan stock traded down $7.95 during mid-day trading on Friday, reaching $106.60. 3,171,353 shares of the company were exchanged, compared to its average volume of 459,819. The firm's fifty day simple moving average is $113.89. ServiceTitan has a 12 month low of $79.81 and a 12 month high of $131.33.

Insider Activity

In related news, CFO David Sherry sold 10,175 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the transaction, the chief financial officer now owns 325,409 shares in the company, valued at approximately $30,799,961.85. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michele O'connor sold 5,494 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $520,007.10. Following the completion of the transaction, the chief accounting officer now directly owns 89,302 shares of the company's stock, valued at approximately $8,452,434.30. This trade represents a 5.80% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 51.72% of the company's stock.

Hedge Funds Weigh In On ServiceTitan

A hedge fund recently raised its stake in ServiceTitan stock. Woodline Partners LP boosted its position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,141 shares of the company's stock after acquiring an additional 95 shares during the quarter. Woodline Partners LP's holdings in ServiceTitan were worth $204,000 at the end of the most recent reporting period.

Analyst Ratings Changes

Several brokerages recently commented on TTAN. TD Cowen initiated coverage on shares of ServiceTitan in a report on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price for the company. Cowen restated a "buy" rating on shares of ServiceTitan in a research report on Wednesday, May 21st. Canaccord Genuity Group boosted their price objective on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Stifel Nicolaus increased their target price on ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, TD Securities lifted their price target on ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $122.21.

About ServiceTitan

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.