ServiceTitan Inc. $TTAN Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 56.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,285 shares of the company’s stock after acquiring an additional 28,829 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ServiceTitan were worth $5,095,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TTAN. Pictet Asset Management Holding SA raised its holdings in ServiceTitan by 143.6% during the first quarter. Pictet Asset Management Holding SA now owns 8,608 shares of the company’s stock worth $546,000 after purchasing an additional 5,075 shares in the last quarter. Xcel Wealth Management LLC raised its stake in shares of ServiceTitan by 264.6% during the 1st quarter. Xcel Wealth Management LLC now owns 9,754 shares of the company’s stock worth $619,000 after buying an additional 7,079 shares in the last quarter. Vanderbilt University acquired a new stake in shares of ServiceTitan in the 1st quarter valued at approximately $203,000. Rockefeller Capital Management L.P. boosted its stake in shares of ServiceTitan by 758.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,811 shares of the company’s stock valued at $193,000 after buying an additional 1,600 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of ServiceTitan by 391.0% in the fourth quarter. Sunbelt Securities Inc. now owns 491 shares of the company’s stock valued at $52,000 after buying an additional 391 shares in the last quarter.

Analyst Upgrades and Downgrades

TTAN has been the subject of several research analyst reports. Robert W. Baird increased their price objective on ServiceTitan from $75.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Truist Financial reaffirmed a “buy” rating and set a $110.00 price target (up from $100.00) on shares of ServiceTitan in a research note on Friday, June 5th. Stifel Nicolaus set a $125.00 price target on shares of ServiceTitan in a report on Wednesday, May 27th. Citigroup reiterated a “neutral” rating on shares of ServiceTitan in a research note on Monday, June 8th. Finally, Wells Fargo & Company decreased their price objective on shares of ServiceTitan from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Fifteen equities research 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.53.

Insider Buying and Selling

In other ServiceTitan news, Director Byron B. Deeter sold 8,845 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $63.35, for a total value of $560,330.75. Following the sale, the director owned 13,782 shares of the company’s stock, valued at $873,089.70. This represents a 39.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Sherry sold 20,192 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $66.19, for a total transaction of $1,336,508.48. Following the transaction, the chief financial officer directly owned 398,033 shares of the company’s stock, valued at approximately $26,345,804.27. This trade represents a 4.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 244,807 shares of company stock valued at $15,649,413. 39.89% of the stock is owned by company insiders.

ServiceTitan Stock Performance

ServiceTitan stock opened at $78.31 on Monday. ServiceTitan Inc. has a fifty-two week low of $54.17 and a fifty-two week high of $119.99. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of -54.01 and a beta of 0.13. The stock’s fifty day moving average is $65.95 and its two-hundred day moving average is $74.27.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The business had revenue of $268.82 million during the quarter, compared to the consensus estimate of $257.40 million. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, sell-side analysts forecast that ServiceTitan Inc. will post -0.54 EPS for the current fiscal year.

About ServiceTitan

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.