Blair William & Co. IL Has $3.31 Million Position in ServiceTitan Inc. $TTAN

Blair William & Co. IL lifted its holdings in ServiceTitan Inc. (NASDAQ:TTAN) by 51.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,860 shares of the company’s stock after purchasing an additional 11,125 shares during the quarter. Blair William & Co. IL’s holdings in ServiceTitan were worth $3,313,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TTAN. Cloud Capital Management LLC bought a new stake in shares of ServiceTitan during the third quarter worth $25,000. Northwestern Mutual Wealth Management Co. lifted its position in ServiceTitan by 1,005.1% in the 2nd 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 in the last quarter. Whittier Trust Co. acquired a new position in ServiceTitan in the 3rd quarter worth $52,000. PNC Financial Services Group Inc. acquired a new position in ServiceTitan in the 2nd quarter worth $79,000. Finally, EverSource Wealth Advisors LLC bought a new position in ServiceTitan during the 2nd quarter worth about $94,000.

Insider Buying and Selling

In other ServiceTitan news, CFO David Sherry sold 833 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $91.30, for a total value of $76,052.90. Following the completion of the sale, the chief financial officer owned 330,948 shares in the company, valued at $30,215,552.40. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Michele O’connor sold 1,678 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $105.30, for a total transaction of $176,693.40. Following the completion of the sale, the chief accounting officer directly owned 89,571 shares in the company, valued at approximately $9,431,826.30. The trade was a 1.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 85,180 shares of company stock worth $8,620,383. 51.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler cut their price target on ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of ServiceTitan in a research report on Monday, December 29th. The Goldman Sachs Group assumed coverage on ServiceTitan in a research note on Tuesday, January 13th. They issued a “neutral” rating and a $117.00 target price on the stock. TD Cowen reaffirmed a “buy” rating on shares of ServiceTitan in a research report on Monday, February 23rd. Finally, UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $132.06.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $78.49 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14. The business has a 50-day moving average of $80.65 and a 200-day moving average of $93.93. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of -19.24 and a beta of -0.72. ServiceTitan Inc. has a fifty-two week low of $58.01 and a fifty-two week high of $131.33.

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.