Jefferies Financial Group Inc. Purchases New Shares in ServiceTitan Inc. $TTAN

Jefferies Financial Group Inc. purchased a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $1,072,000.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of ServiceTitan by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company’s stock valued at $219,341,000 after buying an additional 32,066 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of ServiceTitan by 1,545.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company’s stock worth $195,521,000 after buying an additional 1,930,779 shares during the last quarter. Franklin Resources Inc. increased its position in ServiceTitan by 148.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock valued at $202,917,000 after acquiring an additional 1,131,062 shares during the period. JPMorgan Chase & Co. raised its stake in ServiceTitan by 300,996.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,324,823 shares of the company’s stock valued at $141,995,000 after acquiring an additional 1,324,383 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in ServiceTitan by 4.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 909,131 shares of the company’s stock valued at $86,468,000 after acquiring an additional 38,827 shares during the last quarter.

Insider Activity at ServiceTitan

In related news, CEO Ara Mahdessian sold 46,542 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $91.40, for a total value of $4,253,938.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Bessemer Venture Partners Viii sold 492 shares of ServiceTitan stock in a transaction on Friday, October 10th. The stock was sold at an average price of $101.33, for a total value of $49,854.36. Following the transaction, the insider directly owned 7,089,795 shares of the company’s stock, valued at approximately $718,408,927.35. This represents a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,121,690 shares of company stock valued at $126,740,332 in the last 90 days. Insiders own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TTAN has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on ServiceTitan from $124.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Morgan Stanley increased their price target on ServiceTitan from $109.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Wells Fargo & Company boosted their price objective on shares of ServiceTitan from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Stifel Nicolaus upped their price objective on shares of ServiceTitan from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Canaccord Genuity Group raised their target price on shares of ServiceTitan from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.73.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $88.71 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.49 and a current ratio of 4.49. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The firm has a market capitalization of $8.25 billion and a P/E ratio of -16.43. The company’s fifty day moving average is $96.69 and its two-hundred day moving average is $106.15.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.40). The company had revenue of $242.12 million during the quarter, compared to analyst estimates of $229.58 million. ServiceTitan had a negative net margin of 26.08% and a negative return on equity of 16.87%. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

ServiceTitan Company Profile

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.