5,000 Shares in ServiceTitan Inc. $TTAN Purchased by Aperture Investors LLC

Aperture Investors LLC bought a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 392 shares during the period. PNC Financial Services Group Inc. purchased a new stake in ServiceTitan in the 2nd quarter worth approximately $79,000. EverSource Wealth Advisors LLC bought a new position in ServiceTitan in the 2nd quarter valued at $94,000. RiverPark Advisors LLC purchased a new position in shares of ServiceTitan during the 2nd quarter valued at $104,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of ServiceTitan during the 2nd quarter valued at $204,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TTAN shares. Morgan Stanley lifted their price objective on ServiceTitan from $118.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday. Cowen reiterated a “buy” rating on shares of ServiceTitan in a research report on Friday. Raymond James Financial initiated coverage on ServiceTitan in a report on Friday, August 29th. They set a “market perform” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 target price on shares of ServiceTitan in a research note on Friday, September 5th. Finally, UBS Group reissued a “buy” rating on shares of ServiceTitan in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ServiceTitan presently has a consensus rating of “Moderate Buy” and an average price target of $134.53.

ServiceTitan Stock Performance

NASDAQ TTAN opened at $109.02 on Wednesday. The company has a 50-day simple moving average of $94.71 and a two-hundred day simple moving average of $104.21. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33. The firm has a market cap of $10.13 billion and a price-to-earnings ratio of -26.72. 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 (NASDAQ:TTAN) last released its earnings results on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The company had revenue of $249.16 million during the quarter, compared to analyst estimates of $238.26 million. ServiceTitan had a negative return on equity of 11.03% and a negative net margin of 23.91%.ServiceTitan’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. On average, equities analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

Insider Buying and Selling

In other news, President Vahe Kuzoyan sold 16,388 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $92.03, for a total transaction of $1,508,187.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Sherry sold 833 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $86.20, for a total transaction of $71,804.60. Following the completion of the transaction, the chief financial officer owned 345,952 shares in the company, valued at $29,821,062.40. This represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 395,921 shares of company stock worth $40,881,096. Company insiders own 51.72% of the company’s stock.

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.