HighPoint Advisor Group LLC Has $2.13 Million Stock Holdings in ServiceTitan Inc. $TTAN

HighPoint Advisor Group LLC grew its stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 88.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 19,997 shares of the company’s stock after acquiring an additional 9,384 shares during the quarter. HighPoint Advisor Group LLC’s holdings in ServiceTitan were worth $2,130,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in ServiceTitan by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company’s stock worth $518,549,000 after purchasing an additional 439,079 shares during the period. JPMorgan Chase & Co. boosted its position in shares of ServiceTitan by 118.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company’s stock worth $291,798,000 after acquiring an additional 1,569,136 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of ServiceTitan by 116.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,098,329 shares of the company’s stock worth $110,745,000 after acquiring an additional 591,213 shares in the last quarter. Capital International Investors increased its stake in ServiceTitan by 0.7% in the third quarter. Capital International Investors now owns 988,412 shares of the company’s stock valued at $99,662,000 after acquiring an additional 7,237 shares during the last quarter. Finally, Bamco Inc. NY raised its position in ServiceTitan by 2.9% during the third quarter. Bamco Inc. NY now owns 962,618 shares of the company’s stock valued at $97,061,000 after purchasing an additional 27,230 shares in the last quarter.

Insider Transactions at ServiceTitan

In other news, CAO Michele O’connor sold 5,154 shares of ServiceTitan stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total transaction of $360,058.44. Following the sale, the chief accounting officer directly owned 84,416 shares of the company’s stock, valued at approximately $5,897,301.76. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Sherry sold 17,778 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total value of $1,241,971.08. Following the sale, the chief financial officer owned 313,025 shares in the company, valued at approximately $21,867,926.50. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,440 shares of company stock valued at $2,281,468 over the last three months. Company insiders own 39.89% of the company’s stock.

ServiceTitan Stock Performance

NASDAQ TTAN opened at $57.50 on Wednesday. The firm’s fifty day moving average price is $65.73 and its two-hundred day moving average price is $81.53. The stock has a market cap of $5.38 billion, a PE ratio of -33.43 and a beta of -0.23. ServiceTitan Inc. has a fifty-two week low of $55.23 and a fifty-two week high of $131.33.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The company had revenue of $253.99 million during the quarter, compared to analysts’ expectations of $245.47 million. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.ServiceTitan’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. As a group, sell-side analysts predict that ServiceTitan Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTAN has been the subject of several recent analyst reports. William Blair restated an “outperform” rating on shares of ServiceTitan in a research note on Friday, March 13th. TD Cowen boosted their price target on ServiceTitan from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, March 13th. BTIG Research dropped their price objective on ServiceTitan from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Canaccord Genuity Group reduced their price objective on ServiceTitan from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, Truist Financial decreased their target price on ServiceTitan from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given 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 price target of $112.31.

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.