ServiceTitan Inc. $TTAN Stock Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 55.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,484 shares of the company’s stock after purchasing an additional 73,527 shares during the period. D.A. Davidson & CO.’s holdings in ServiceTitan were worth $13,519,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TTAN. Pinnacle Wealth Planning Services Inc. acquired a new position in ServiceTitan during the 3rd quarter worth $70,000. Moody Aldrich Partners LLC bought a new stake in ServiceTitan in the 3rd quarter valued at $2,983,000. Marest Capital LLC acquired a new stake in ServiceTitan in the 3rd quarter worth $254,000. Taylor Frigon Capital Management LLC grew its position in ServiceTitan by 23.0% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 45,433 shares of the company’s stock worth $2,989,000 after purchasing an additional 8,506 shares during the last quarter. Finally, Canton Hathaway LLC bought a new position in shares of ServiceTitan during the 3rd quarter worth about $25,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TTAN. Robert W. Baird cut their price objective on shares of ServiceTitan from $101.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, September 9th. Wells Fargo & Company lowered their price objective on ServiceTitan from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a report on Thursday, October 8th. Needham & Company LLC reissued a “buy” rating on shares of ServiceTitan in a report on Wednesday, October 7th. Finally, Weiss Ratings upgraded shares of ServiceTitan from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 29th. Fourteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ServiceTitan has an average rating of “Moderate Buy” and an average target price of $96.38.

ServiceTitan Stock Down 0.2%

Shares of NASDAQ:TTAN opened at $80.73 on Friday. The firm has a market cap of $7.79 billion, a P/E ratio of -59.36 and a beta of 0.33. ServiceTitan Inc. has a 12 month low of $53.00 and a 12 month high of $111.36. The company’s 50-day moving average price is $75.13 and its two-hundred day moving average price is $72.79.

ServiceTitan (NASDAQ:TTAN) last announced its 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 net margin of 12.12% and a negative return on equity of 5.65%. The company had revenue of $292.76 million during the quarter, compared to the consensus estimate of $285.89 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was up 20.9% on a year-over-year basis. As a group, equities analysts predict that ServiceTitan Inc. will post -0.55 earnings per share for the current fiscal year.

Insider Transactions at ServiceTitan

In related news, CAO Michele O’connor sold 5,581 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $57.07, for a total value of $318,507.67. Following the transaction, the chief accounting officer owned 66,095 shares in the company, valued at $3,772,041.65. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO David Sherry sold 23,246 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $57.07, for a total transaction of $1,326,649.22. Following the completion of the transaction, the chief financial officer directly owned 363,511 shares in the company, valued at $20,745,572.77. This trade represents a 6.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 268,814 shares of company stock worth $22,294,608 in the last quarter. 39.89% of the stock is owned by corporate insiders.

ServiceTitan 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.