Assetmark Inc. Acquires 6,319 Shares of ServiceTitan Inc. $TTAN

Assetmark Inc. grew its holdings in ServiceTitan Inc. (NASDAQ:TTAN) by 658.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,279 shares of the company’s stock after purchasing an additional 6,319 shares during the quarter. Assetmark Inc.’s holdings in ServiceTitan were worth $780,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in ServiceTitan during the 1st quarter worth about $58,000. Oppenheimer Asset Management Inc. acquired a new position in shares of ServiceTitan during the second quarter worth approximately $204,000. Woodline Partners LP lifted its position in shares of ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares in the last quarter. Keybank National Association OH bought a new stake in shares of ServiceTitan during the second quarter valued at approximately $250,000. Finally, Comerica Bank increased its holdings in shares of ServiceTitan by 92,500.0% in the first quarter. Comerica Bank now owns 2,778 shares of the company’s stock valued at $264,000 after purchasing an additional 2,775 shares in the last quarter.

ServiceTitan Trading Up 0.3%

NASDAQ TTAN opened at $92.04 on Friday. The stock has a 50-day simple moving average of $103.02 and a 200 day simple moving average of $109.14. The company has a market capitalization of $8.56 billion and a PE ratio of -17.04. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). The company had revenue of $242.12 million for the quarter, compared to the consensus estimate of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The business’s quarterly revenue 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. Research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Raymond James Financial began coverage on ServiceTitan in a research report on Friday, August 29th. They set a “market perform” rating for the company. Stifel Nicolaus upped their price target on ServiceTitan from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Canaccord Genuity Group lifted their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Robert W. Baird boosted their price objective on ServiceTitan from $124.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.67.

Insider Buying and Selling

In other ServiceTitan news, CEO Ara Mahdessian sold 46,542 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $91.40, for a total value of $4,253,938.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $117.79, for a total transaction of $43,647,909.03. Following the completion of the sale, the insider owned 7,595,777 shares in the company, valued at approximately $894,706,572.83. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,189,801 shares of company stock valued at $133,969,975. Corporate insiders own 51.72% of the company’s stock.

About ServiceTitan

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.