27,390 Shares in ServiceTitan Inc. $TTAN Acquired by HighTower Advisors LLC

HighTower Advisors LLC purchased a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 27,390 shares of the company’s stock, valued at approximately $2,917,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Woodline Partners LP boosted its stake in ServiceTitan by 4.6% during the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after purchasing an additional 95 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in ServiceTitan by 16.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock valued at $87,000 after purchasing an additional 119 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in ServiceTitan by 150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 174 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new position in ServiceTitan during the 3rd quarter valued at $25,000.

ServiceTitan Stock Performance

Shares of NASDAQ:TTAN opened at $72.36 on Friday. ServiceTitan Inc. has a one year low of $54.17 and a one year high of $119.99. The stock has a fifty day moving average of $62.33 and a 200-day moving average of $78.61. The company has a market capitalization of $6.89 billion, a PE ratio of -42.07 and a beta of -0.23.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.The company had revenue of $253.99 million during the quarter, compared to the consensus estimate of $245.47 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, research analysts forecast that ServiceTitan Inc. will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Michele O’connor sold 5,000 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $58.93, for a total transaction of $294,650.00. Following the completion of the sale, the chief accounting officer owned 79,416 shares in the company, valued at approximately $4,679,984.88. This represents a 5.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ara Mahdessian sold 2,288 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total value of $159,839.68. Following the sale, the chief executive officer owned 1 shares of the company’s stock, valued at $69.86. This trade represents a 99.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,440 shares of company stock worth $2,281,468 over the last quarter. 39.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on TTAN shares. Truist Financial decreased their price target on ServiceTitan from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Morgan Stanley decreased their price target on ServiceTitan from $131.00 to $118.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Stifel Nicolaus set a $125.00 price target on ServiceTitan in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ServiceTitan in a research note on Friday, April 24th. Finally, The Goldman Sachs Group decreased their price target on ServiceTitan from $117.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, ServiceTitan currently has an average rating of “Moderate Buy” and an average price target of $107.80.

ServiceTitan Company 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.