ServiceTitan Inc. $TTAN Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its holdings in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 905,704 shares of the company’s stock after acquiring an additional 55,251 shares during the quarter. ServiceTitan comprises approximately 1.3% of TimesSquare Capital Management LLC’s holdings, making the stock its 23rd biggest holding. TimesSquare Capital Management LLC owned approximately 0.97% of ServiceTitan worth $91,322,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TTAN. Ameritas Advisory Services LLC acquired a new position in shares of ServiceTitan during the third quarter worth about $517,000. Assetmark Inc. grew its stake in shares of ServiceTitan by 8.5% in the third quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock valued at $796,000 after buying an additional 619 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of ServiceTitan during the 3rd quarter valued at about $166,000. Oppenheimer & Co. Inc. lifted its position in ServiceTitan by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 723,841 shares of the company’s stock worth $72,985,000 after acquiring an additional 5,323 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in ServiceTitan by 282.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,297 shares of the company’s stock worth $736,000 after acquiring an additional 5,390 shares during the period.

ServiceTitan Price Performance

Shares of TTAN stock opened at $62.74 on Friday. The firm has a market cap of $5.88 billion, a P/E ratio of -15.38 and a beta of -0.86. The firm has a fifty day moving average of $93.53 and a two-hundred day moving average of $98.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14. ServiceTitan Inc. has a 1-year low of $58.01 and a 1-year high of $131.33.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The business had revenue of $249.16 million during the quarter, compared to the consensus estimate of $238.26 million. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, research analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Insider Transactions at ServiceTitan

In other ServiceTitan news, CFO David Sherry sold 833 shares of ServiceTitan stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $91.30, for a total value of $76,052.90. Following the completion of the transaction, the chief financial officer owned 330,948 shares of the company’s stock, valued at $30,215,552.40. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ara Mahdessian sold 32,000 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $98.50, for a total transaction of $3,152,000.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 217,204 shares of company stock valued at $22,772,799 over the last 90 days. Insiders own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BTIG Research initiated coverage on shares of ServiceTitan in a research note on Tuesday, December 16th. They set a “buy” rating and a $130.00 price objective on the stock. UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a research note on Monday, December 1st. The Goldman Sachs Group assumed coverage on shares of ServiceTitan in a report on Tuesday, January 13th. They issued a “neutral” rating and a $117.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a research note on Monday, December 29th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

ServiceTitan 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.