Bank of New York Mellon Corp Acquires 78,416 Shares of ServiceTitan Inc. $TTAN

Bank of New York Mellon Corp lifted its holdings in ServiceTitan Inc. (NASDAQ:TTAN) by 1,247.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,704 shares of the company’s stock after purchasing an additional 78,416 shares during the quarter. Bank of New York Mellon Corp owned 0.09% of ServiceTitan worth $9,079,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in ServiceTitan by 20.0% in the 1st quarter. Victory Capital Management Inc. now owns 121,850 shares of the company’s stock valued at $11,589,000 after buying an additional 20,270 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of ServiceTitan by 383.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,692 shares of the company’s stock valued at $1,017,000 after acquiring an additional 8,481 shares in the last quarter. Assetmark Inc. grew its holdings in shares of ServiceTitan by 47.2% in the 1st quarter. Assetmark Inc. now owns 960 shares of the company’s stock valued at $91,000 after acquiring an additional 308 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in shares of ServiceTitan in the first quarter valued at about $2,111,000. Finally, XTX Topco Ltd bought a new stake in ServiceTitan during the first quarter worth about $324,000.

Insider Activity

In other news, President Vahe Kuzoyan sold 16,690 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $104.81, for a total transaction of $1,749,278.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of ServiceTitan stock in a transaction dated 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 sale, the insider directly owned 7,595,777 shares of the company’s stock, valued at $894,706,572.83. The trade was a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,121,690 shares of company stock valued at $126,740,332 over the last ninety days. 51.72% of the stock is currently owned by company insiders.

ServiceTitan Stock Performance

TTAN opened at $85.14 on Friday. The company has a quick ratio of 4.49, a current 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. The business has a 50 day moving average of $98.82 and a 200-day moving average of $107.03. The stock has a market cap of $7.91 billion and a price-to-earnings ratio of -15.77.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The business had revenue of $242.12 million for the quarter, compared to analyst estimates of $229.58 million. ServiceTitan’s revenue was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTAN. Loop Capital raised ServiceTitan from a “hold” rating to a “buy” rating and increased their price target for the company from $100.00 to $140.00 in a research report on Monday, August 18th. Truist Financial set a $130.00 price objective on ServiceTitan in a research note on Tuesday, October 21st. Morgan Stanley raised their target price on shares of ServiceTitan from $109.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Raymond James Financial started coverage on shares of ServiceTitan in a report on Friday, August 29th. They set a “market perform” rating on the stock. Finally, Wells Fargo & Company upped their price target on shares of ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, ServiceTitan currently has a consensus rating of “Moderate Buy” and an average target price of $131.73.

ServiceTitan 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.