ServiceTitan (NASDAQ:TTAN) Major Shareholder Sells $49,854.36 in Stock

Key Points

• Bessemer Venture Partners Viii, a major shareholder of ServiceTitan, sold 492 shares for a total of $49,854.36, reducing their ownership by 0.01% to 7,089,795 shares, worth approximately $718 million.
• ServiceTitan's stock traded up 1.0% recently, reaching $97.01, with a market capitalization of $9.02 billion and a 52-week range between $79.81 and $131.33.
• Recent analyst ratings suggest optimism for ServiceTitan, with Wells Fargo and Canaccord Genuity increasing their price targets to $140, while the average target price stands at $132.67.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) major shareholder Bessemer Venture Partners Viii sold 492 shares of the firm's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $101.33, for a total transaction of $49,854.36. Following the completion of the sale, the insider owned 7,089,795 shares in the company, valued at approximately $718,408,927.35. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% 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 Thursday, October 9th, Bessemer Venture Partners Viii sold 40,763 shares of ServiceTitan stock. The shares were sold at an average price of $101.37, for a total value of $4,132,145.31.
• 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 shares were 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 value of $40,497,857.37.
• On Monday, September 8th, Bessemer Venture Partners Viii sold 370,557 shares of ServiceTitan stock. The stock was sold at an average price of $117.79, for a total transaction of $43,647,909.03.

ServiceTitan Trading Up 1.0%

NASDAQ:TTAN traded up $1.00 during trading hours on Tuesday, hitting $97.01. The company had a trading volume of 676,068 shares, compared to its average volume of 852,056. The company has a market capitalization of $9.02 billion and a PE ratio of -17.96. The stock has a 50-day moving average price of $106.38 and a 200 day moving average price of $109.81. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week 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 posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.40). ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The company had revenue of $242.12 million during the quarter, compared to analysts' expectations of $229.58 million. 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. On average, equities research analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTAN. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of ServiceTitan by 1,545.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock worth $195,521,000 after acquiring an additional 1,930,779 shares during the last quarter. Invesco Ltd. grew its position in ServiceTitan by 1,388.2% in the 2nd quarter. Invesco Ltd. now owns 1,477,369 shares of the company's stock valued at $158,344,000 after acquiring an additional 1,378,100 shares in the last quarter. JPMorgan Chase & Co. grew its position in ServiceTitan by 300,996.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,324,823 shares of the company's stock valued at $141,995,000 after acquiring an additional 1,324,383 shares in the last quarter. Franklin Resources Inc. grew its position in ServiceTitan by 148.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company's stock valued at $202,917,000 after acquiring an additional 1,131,062 shares in the last quarter. Finally, Atreides Management LP purchased a new stake in shares of ServiceTitan during the second quarter worth approximately $68,679,000.

Analysts Set New Price Targets

TTAN has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on ServiceTitan from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Canaccord Genuity Group upped their price target on ServiceTitan from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Citigroup upped their price objective on ServiceTitan from $111.00 to $123.00 and gave the stock a "neutral" rating in a report on Tuesday, September 9th. Needham & Company LLC restated a "buy" rating and set a $140.00 price target on shares of ServiceTitan in a report on Friday, September 5th. Finally, Loop Capital upgraded ServiceTitan from a "hold" rating to a "buy" rating and increased their target price for the stock from $100.00 to $140.00 in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $132.67.

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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