Atreides Management LP Reduces Stock Holdings in ServiceTitan Inc. $TTAN

Atreides Management LP lessened its position in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 626,227 shares of the company’s stock after selling 14,551 shares during the quarter. ServiceTitan makes up about 1.2% of Atreides Management LP’s holdings, making the stock its 23rd largest position. Atreides Management LP’s holdings in ServiceTitan were worth $63,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in ServiceTitan by 538.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock valued at $446,670,000 after acquiring an additional 3,735,968 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of ServiceTitan by 84.3% in the third quarter. Truist Financial Corp now owns 42,789 shares of the company’s stock valued at $4,314,000 after purchasing an additional 19,577 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in shares of ServiceTitan in the third quarter valued at about $8,338,000. Rakuten Investment Management Inc. acquired a new stake in shares of ServiceTitan in the third quarter valued at approximately $5,376,000. Finally, Sandhill Capital Partners LLC acquired a new stake in shares of ServiceTitan in the third quarter valued at approximately $27,062,000.

ServiceTitan Stock Performance

NASDAQ:TTAN opened at $70.80 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14. The firm has a market cap of $6.63 billion, a PE ratio of -41.16 and a beta of -0.72. The firm has a 50 day simple moving average of $79.42 and a 200-day simple moving average of $93.52. ServiceTitan Inc. has a 1-year low of $58.01 and a 1-year high of $131.33.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $253.99 million for the quarter, compared to analyst estimates of $245.47 million. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.91%. ServiceTitan’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. On average, equities analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current year.

Analyst Upgrades and Downgrades

TTAN has been the subject of several research reports. Needham & Company LLC cut their price objective on ServiceTitan from $140.00 to $100.00 and set a “buy” rating for the company in a research report on Friday. Truist Financial lowered their target price on ServiceTitan from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Friday. Citigroup dropped their price target on ServiceTitan from $117.00 to $88.00 and set a “neutral” rating for the company in a research report on Friday. The Goldman Sachs Group initiated coverage on ServiceTitan in a report on Tuesday, January 13th. They issued a “neutral” rating and a $117.00 price target for the company. Finally, Canaccord Genuity Group reduced their price objective on ServiceTitan from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, ServiceTitan currently has a consensus rating of “Moderate Buy” and an average target price of $115.63.

ServiceTitan News Roundup

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: Q4 results showed continued revenue growth and an EPS beat: revenue ~ $254M (+21% YoY) and reported EPS of $0.27, topping consensus. This supports demand for ServiceTitan’s core platform. Earnings Summary
• Positive Sentiment: Management named Abhishek Mathur as Chief Technology & Product Officer to lead AI‑first product strategy — a strategic hire that could accelerate product differentiation and monetization. Appointment Release
• Neutral Sentiment: Company provided Q1 revenue guidance of roughly $255–257M and FY revenue guidance near ~$1.1B (roughly in line with consensus), reducing surprise risk on top‑line but leaving EPS guidance interpretation mixed. Press Release / Slide Deck
• Neutral Sentiment: Full Q4 earnings call transcript and highlight writeups are available for investors looking for management color on growth, margins and 2027 assumptions. Earnings Call Transcript
• Negative Sentiment: Widespread analyst price‑target cuts and lower/stable ratings pressured sentiment today. Examples include Citigroup cut to $88 (neutral), Canaccord to $105 (buy), Truist to $100 (buy), Morgan Stanley to $118 (overweight), Needham to $100, BMO to $92, Wells Fargo to $115 and KeyCorp to $120 — a net shift toward lower near‑term upside expectations. Analyst Actions
• Negative Sentiment: Despite the top‑line beat, GAAP operating and net losses remain; several notes and market writeups characterize the quarter as “mixed” and flag the firm’s continued unprofitability, which increases short‑term volatility risk. Analysis: Mixed Results
• Negative Sentiment: High insider selling activity and reports of heavy option speculation / trading may amplify downside pressure and volume volatility. Quiver Quant: Trading & Insider Notes

Insiders Place Their Bets

In other ServiceTitan news, CEO Ara Mahdessian sold 32,000 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $98.50, for a total transaction of $3,152,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David Sherry sold 11,672 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total value of $1,229,061.60. Following the sale, the chief financial officer owned 331,781 shares in the company, valued at $34,936,539.30. This trade represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 85,180 shares of company stock worth $8,620,383. 51.72% of the stock is owned by company insiders.

ServiceTitan Profile

ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.