ServiceTitan Inc. $TTAN Stock Bought by Lazari Capital Management Inc.

Lazari Capital Management Inc. boosted its stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 58.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,303 shares of the company’s stock after purchasing an additional 13,005 shares during the quarter. ServiceTitan comprises approximately 0.6% of Lazari Capital Management Inc.’s investment portfolio, making the stock its 28th biggest position. Lazari Capital Management Inc.’s holdings in ServiceTitan were worth $2,323,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of ServiceTitan by 98.5% during the third quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $35,000 after acquiring an additional 261 shares during the period. State of Wyoming bought a new position in ServiceTitan in the 1st quarter valued at about $48,000. Elevation Wealth Partners LLC increased its stake in ServiceTitan by 20.0% in the second quarter. Elevation Wealth Partners LLC now owns 863 shares of the company’s stock valued at $61,000 after acquiring an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of ServiceTitan by 75.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,586 shares of the company’s stock worth $101,000 after buying an additional 680 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in ServiceTitan by 226.4% during the first quarter. Parallel Advisors LLC now owns 1,717 shares of the company’s stock worth $109,000 after acquiring an additional 1,191 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently commented on TTAN. Weiss Ratings upgraded ServiceTitan from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 29th. Truist Financial reaffirmed a “buy” rating and issued a $100.00 target price (down from $110.00) on shares of ServiceTitan in a report on Wednesday, September 9th. BTIG Research restated a “buy” rating and issued a $110.00 price target on shares of ServiceTitan in a research report on Friday, October 2nd. TD Cowen reissued a “buy” rating and issued a $100.00 price target on shares of ServiceTitan in a research note on Wednesday, October 7th. Finally, KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a research note on Thursday, October 8th. Fourteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.38.

ServiceTitan Price Performance

Shares of TTAN traded up $1.71 during trading hours on Tuesday, hitting $79.97. The stock had a trading volume of 666,627 shares, compared to its average volume of 1,748,168. ServiceTitan Inc. has a 1-year low of $53.00 and a 1-year high of $111.36. The firm has a market capitalization of $7.71 billion, a P/E ratio of -58.84 and a beta of 0.33. The firm has a 50 day simple moving average of $76.44 and a 200-day simple moving average of $71.61.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. ServiceTitan had a negative return on equity of 5.65% and a negative net margin of 12.12%. The business had revenue of $292.76 million for the quarter, compared to the consensus estimate of $285.89 million. During the same period in the prior year, the business earned $0.33 EPS. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts predict that ServiceTitan Inc. will post -0.52 EPS for the current fiscal year.

Insider Buying and Selling at ServiceTitan

In other news, CFO David Sherry sold 1,138 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $75.22, for a total value of $85,600.36. Following the completion of the sale, the chief financial officer owned 362,373 shares in the company, valued at $27,257,697.06. This represents a 0.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michele O’connor sold 4,380 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $61.35, for a total transaction of $268,713.00. Following the transaction, the chief accounting officer owned 61,715 shares in the company, valued at approximately $3,786,215.25. This trade represents a 6.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 268,814 shares of company stock worth $22,294,608. 39.89% of the stock is currently owned by insiders.

ServiceTitan Company Profile

ServiceTitan, Inc provides cloud-based software designed to help residential and commercial trade contractors manage and grow their businesses. Its platform serves industries including heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service trades.

The company’s software supports core operations such as customer relationship management, marketing, scheduling, dispatching, estimates, invoicing, payments, inventory management, purchasing, payroll, and business reporting.