BMO Capital Markets Initiates Coverage on ServiceTitan (NASDAQ:TTAN)

BMO Capital Markets started coverage on shares of ServiceTitan (NASDAQ:TTAN) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $129.00 price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 20.30% from the company’s previous close.

A number of other equities research analysts have also issued reports on TTAN. Piper Sandler reaffirmed an “overweight” rating and issued a $150.00 price target (up previously from $125.00) on shares of ServiceTitan in a research report on Tuesday, July 22nd. Loop Capital upgraded ServiceTitan from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $140.00 in a report on Monday, August 18th. Stifel Nicolaus increased their price objective on ServiceTitan from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 30th. Robert W. Baird increased their price objective on ServiceTitan from $106.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Finally, KeyCorp set a $140.00 price objective on ServiceTitan and gave the company an “overweight” rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.00.

ServiceTitan Trading Down 0.7%

TTAN stock opened at $107.23 on Thursday. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average is $108.99 and its two-hundred day moving average is $106.74. ServiceTitan has a 1 year low of $79.81 and a 1 year high of $131.33.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $215.69 million during the quarter, compared to analyst estimates of $208.61 million. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities research analysts anticipate that ServiceTitan will post -1.98 EPS for the current fiscal year.

Insider Transactions at ServiceTitan

In related news, CEO Ara Mahdessian sold 45,185 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $103.71, for a total transaction of $4,686,136.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Iconiq Strategic Partners V, L sold 52,082 shares of the firm’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $109.99, for a total value of $5,728,499.18. Following the transaction, the insider owned 648,606 shares in the company, valued at $71,340,173.94. This represents a 7.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,546,850 shares of company stock worth $164,753,189. 51.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in ServiceTitan during the 4th quarter worth approximately $529,000. Bank of America Corp DE purchased a new position in shares of ServiceTitan in the 4th quarter valued at approximately $540,000. Nuveen Asset Management LLC purchased a new position in shares of ServiceTitan in the 4th quarter valued at approximately $7,793,000. D. E. Shaw & Co. Inc. purchased a new position in shares of ServiceTitan in the 4th quarter valued at approximately $1,543,000. Finally, Barclays PLC purchased a new position in shares of ServiceTitan in the 4th quarter valued at approximately $267,000.

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.