ServiceTitan Inc. $TTAN Stake Trimmed by Battery Management CORP.

Battery Management CORP. reduced its position in ServiceTitan Inc. (NASDAQ:TTAN) by 21.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,587,094 shares of the company’s stock after selling 712,847 shares during the quarter. ServiceTitan makes up about 57.3% of Battery Management CORP.’s investment portfolio, making the stock its largest holding. Battery Management CORP.’s holdings in ServiceTitan were worth $182,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTAN. Northwestern Mutual Wealth Management Co. raised its position in shares of ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 392 shares during the period. Sunbelt Securities Inc. increased its stake in ServiceTitan by 391.0% in the 4th quarter. Sunbelt Securities Inc. now owns 491 shares of the company’s stock worth $52,000 after buying an additional 391 shares in the last quarter. Parallel Advisors LLC raised its holdings in ServiceTitan by 161.7% during the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock valued at $53,000 after acquiring an additional 325 shares during the period. Daiwa Securities Group Inc. bought a new stake in ServiceTitan during the fourth quarter valued at about $68,000. Finally, State of Wyoming purchased a new position in shares of ServiceTitan in the first quarter valued at about $48,000.

Insider Buying and Selling at ServiceTitan

In other news, Director William Griffith sold 94,415 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $63.43, for a total transaction of $5,988,743.45. Following the completion of the transaction, the director directly owned 443,221 shares in the company, valued at approximately $28,113,508.03. This represents a 17.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ara Mahdessian sold 51,947 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $80.98, for a total transaction of $4,206,668.06. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 514,837 shares of company stock worth $39,203,222 over the last three months. 39.89% of the stock is owned by company insiders.

ServiceTitan Stock Performance

Shares of TTAN traded down $6.34 during midday trading on Tuesday, hitting $81.58. 4,806,233 shares of the company traded hands, compared to its average volume of 1,436,456. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of -56.26 and a beta of 0.11. The firm has a 50 day moving average of $84.45 and a 200-day moving average of $72.57. ServiceTitan Inc. has a 52 week low of $54.17 and a 52 week high of $119.99.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $292.76 million for the quarter, compared to analysts’ expectations of $285.90 million. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The business’s revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. Sell-side analysts predict that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

ServiceTitan News Summary

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan earned $0.40 per share, above the $0.35-$0.36 consensus range and up from $0.33 a year earlier. Revenue reached $292.76 million, surpassing estimates near $285.9 million and increasing 20.9% year over year. ServiceTitan Inc. Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: The quarterly earnings beat and continued double-digit revenue growth indicate resilient demand for ServiceTitan’s software platform serving the trades industry. ServiceTitan Announces Fiscal Second Quarter Financial Results
• Neutral Sentiment: Management maintained full-year fiscal 2027 revenue guidance of approximately $1.1 billion, broadly in line with analyst expectations, although the company did not provide a usable EPS figure in the available guidance update.
• Negative Sentiment: Third-quarter fiscal 2027 revenue guidance of $285 million to $287 million fell modestly short of the roughly $287.8 million consensus estimate, suggesting near-term growth may be slower than analysts anticipated.
• Negative Sentiment: The appointment of veteran executive Rikus Pretorius as chief revenue officer, replacing Ross Biestman after the remainder of the fiscal year, introduced leadership-transition risk. Reports indicated that the management shakeup overshadowed the earnings beat and guidance. ServiceTitan Names Rikus Pretorius Next Chief Revenue Officer
• Negative Sentiment: Despite the adjusted earnings beat, ServiceTitan continued to report a negative net margin of 13.44% and negative return on equity of 5.59%, reinforcing concerns about profitability.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TTAN shares. Stifel Nicolaus set a $125.00 price objective on ServiceTitan in a research note on Wednesday, May 27th. BTIG Research reissued a “buy” rating and issued a $110.00 price target on shares of ServiceTitan in a report on Friday, July 10th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of ServiceTitan in a research note on Wednesday, June 17th. Weiss Ratings raised shares of ServiceTitan from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. Finally, Piper Sandler increased their price objective on shares of ServiceTitan from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Fourteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $108.93.

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.