2,046 Shares in ServiceTitan Inc. $TTAN Acquired by Connable Office Inc.

Connable Office Inc. bought a new position in ServiceTitan Inc. (NASDAQ:TTAN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,046 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds have also modified their holdings of TTAN. LRI Investments LLC acquired a new position in ServiceTitan during the first quarter valued at approximately $58,000. Assetmark Inc. lifted its position in ServiceTitan by 47.2% during the first quarter. Assetmark Inc. now owns 960 shares of the company’s stock valued at $91,000 after buying an additional 308 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in ServiceTitan during the second quarter valued at approximately $204,000. Woodline Partners LP lifted its position in ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after buying an additional 95 shares in the last quarter. Finally, Mission Wealth Management LP acquired a new position in ServiceTitan during the second quarter valued at approximately $229,000.

ServiceTitan Stock Up 0.4%

Shares of NASDAQ:TTAN opened at $94.78 on Tuesday. 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 company has a fifty day simple moving average of $103.82 and a 200 day simple moving average of $109.58. The firm has a market cap of $8.81 billion and a PE ratio of -17.55. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). The company had revenue of $242.12 million during the quarter, compared to the consensus estimate of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The business’s 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. On average, equities research analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other ServiceTitan news, major shareholder Bessemer Venture Partners Viii sold 492 shares of the business’s stock in a transaction 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 $718,408,927.35. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ara Mahdessian sold 32,000 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $97.85, for a total transaction of $3,131,200.00. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,068,191 shares of company stock valued at $122,845,692. 51.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TTAN has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their price target on shares of ServiceTitan from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Citigroup lifted their price target on shares of ServiceTitan from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Wells Fargo & Company lifted their price target on shares of ServiceTitan from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Robert W. Baird boosted their target price on shares of ServiceTitan from $124.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Finally, Loop Capital raised shares of ServiceTitan from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $140.00 in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ServiceTitan has an average rating of “Moderate Buy” and an average price target of $132.67.

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.