ServiceTitan (NASDAQ:TTAN) Major Shareholder Sells $4,132,145.31 in Stock

Key Points

• Bessemer Venture Partners Viii sold 40,763 shares of ServiceTitan stock for $4.13 million, reducing their stake by 0.57% to approximately 7.09 million shares, valued at about $718.74 million.
• ServiceTitan's stock rose by 1.0%, trading at $97.01, with the company having a market cap of $9.02 billion and a price-to-earnings ratio of -17.96.
• The latest quarterly earnings report showed ServiceTitan missed earnings per share estimates while reporting a 25.5% year-over-year revenue increase, with revenue of $242.12 million.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) major shareholder Bessemer Venture Partners Viii sold 40,763 shares of ServiceTitan stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $101.37, for a total transaction of $4,132,145.31. Following the sale, the insider owned 7,090,287 shares in the company, valued at approximately $718,742,393.19. The trade was a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Bessemer Venture Partners Viii also recently made the following trade(s):

• On Friday, October 10th, Bessemer Venture Partners Viii sold 492 shares of ServiceTitan stock. The stock was sold at an average price of $101.33, for a total transaction of $49,854.36.
• On Friday, September 19th, Bessemer Venture Partners Viii sold 28,245 shares of ServiceTitan stock. The stock was sold at an average price of $118.21, for a total transaction of $3,338,841.45.
• On Wednesday, September 17th, Bessemer Venture Partners Viii sold 7,039 shares of ServiceTitan stock. The stock was sold at an average price of $117.32, for a total transaction of $825,815.48.
• On Tuesday, September 16th, Bessemer Venture Partners Viii sold 57,688 shares of ServiceTitan stock. The stock was sold at an average price of $117.18, for a total transaction of $6,759,879.84.
• On Friday, September 12th, Bessemer Venture Partners Viii sold 9,495 shares of ServiceTitan stock. The stock was sold at an average price of $117.13, for a total transaction of $1,112,149.35.
• On Thursday, September 11th, Bessemer Venture Partners Viii sold 7,048 shares of ServiceTitan stock. The stock was sold at an average price of $117.10, for a total transaction of $825,320.80.
• On Wednesday, September 10th, Bessemer Venture Partners Viii sold 14,579 shares of ServiceTitan stock. The stock was sold at an average price of $117.53, for a total transaction of $1,713,469.87.
• On Tuesday, September 9th, Bessemer Venture Partners Viii sold 340,633 shares of ServiceTitan stock. The shares were sold at an average price of $118.89, for a total transaction of $40,497,857.37.
• On Monday, September 8th, Bessemer Venture Partners Viii sold 370,557 shares of ServiceTitan stock. The shares were sold at an average price of $117.79, for a total transaction of $43,647,909.03.

ServiceTitan Trading Up 1.0%

Shares of TTAN traded up $1.00 during trading hours on Tuesday, reaching $97.01. 676,068 shares of the company traded hands, compared to its average volume of 852,056. The firm has a market cap of $9.02 billion and a price-to-earnings ratio of -17.96. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07. The stock's fifty day moving average price is $106.38 and its 200 day moving average price is $109.81.

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

Analyst Ratings Changes

TTAN has been the subject of several recent research reports. Morgan Stanley lifted their price objective on ServiceTitan from $109.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Needham & Company LLC restated a "buy" rating and issued a $140.00 price objective on shares of ServiceTitan in a report on Friday, September 5th. KeyCorp set a $140.00 price objective on ServiceTitan and gave the company an "overweight" rating in a report on Wednesday, July 16th. Robert W. Baird lifted their price objective on ServiceTitan from $124.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, September 5th. Finally, Truist Financial boosted their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, September 5th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.67.

Hedge Funds Weigh In On ServiceTitan

Several hedge funds have recently modified their holdings of TTAN. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ServiceTitan by 1,005.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company's stock valued at $46,000 after acquiring an additional 392 shares in the last quarter. LRI Investments LLC acquired a new position in shares of ServiceTitan during the first quarter valued at about $58,000. PNC Financial Services Group Inc. acquired a new position in shares of ServiceTitan during the second quarter valued at about $79,000. Assetmark Inc. increased its holdings in shares of ServiceTitan by 47.2% during the first quarter. Assetmark Inc. now owns 960 shares of the company's stock valued at $91,000 after acquiring an additional 308 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of ServiceTitan during the second quarter valued at about $94,000.

ServiceTitan Company 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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