Roubaix Capital LLC Purchases New Holdings in ServiceTitan Inc. $TTAN

Roubaix Capital LLC purchased a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN) during the first quarter, Holdings Channel reports. The institutional investor purchased 53,720 shares of the company’s stock, valued at approximately $3,409,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Woodline Partners LP grew its stake in ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after purchasing an additional 95 shares during the period. Toth Financial Advisory Corp raised its stake in shares of ServiceTitan by 150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of ServiceTitan by 189.1% in the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after buying an additional 174 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of ServiceTitan by 21.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,042 shares of the company’s stock worth $111,000 after buying an additional 184 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in ServiceTitan by 30.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock valued at $96,000 after buying an additional 209 shares during the period.

Analyst Ratings Changes

TTAN has been the subject of a number of research analyst reports. Stifel Nicolaus set a $125.00 price objective on shares of ServiceTitan in a report on Wednesday, May 27th. KeyCorp reiterated an “overweight” rating on shares of ServiceTitan in a research note on Tuesday, May 26th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of ServiceTitan in a research report on Wednesday, June 17th. BTIG Research reissued a “buy” rating and set a $110.00 target price on shares of ServiceTitan in a research report on Friday, July 10th. Finally, Piper Sandler raised their price target on shares of ServiceTitan from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Fifteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ServiceTitan currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.53.

Insider Activity

In other ServiceTitan news, Director William J.G. Griffith sold 94,415 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $63.43, for a total transaction of $5,988,743.45. Following the completion of the transaction, the director owned 443,221 shares in the company, valued at $28,113,508.03. This trade represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Iconiq Strategic Partners V, L sold 94,415 shares of ServiceTitan stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $63.43, for a total transaction of $5,988,743.45. Following the completion of the transaction, the insider owned 443,221 shares of the company’s stock, valued at $28,113,508.03. The trade was a 17.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 296,664 shares of company stock valued at $19,958,797. 39.89% of the stock is currently owned by corporate insiders.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $76.00 on Friday. The stock has a market capitalization of $7.25 billion, a PE ratio of -52.41 and a beta of 0.13. ServiceTitan Inc. has a one year low of $54.17 and a one year high of $119.99. The business’s fifty day moving average price is $69.23 and its 200-day moving average price is $72.44.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The company had revenue of $268.82 million during the quarter, compared to analyst estimates of $257.40 million. During the same quarter last year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, equities analysts expect that ServiceTitan Inc. will post -0.54 EPS for the current fiscal year.

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.