47,256 Shares in ServiceTitan Inc. $TTAN Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,256 shares of the company’s stock, valued at approximately $4,765,000. Aquatic Capital Management LLC owned 0.05% of ServiceTitan at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of ServiceTitan by 21.6% during the 3rd quarter. Alliancebernstein L.P. now owns 594,341 shares of the company’s stock valued at $59,927,000 after acquiring an additional 105,745 shares during the period. Ameriprise Financial Inc. bought a new position in ServiceTitan during the 3rd quarter valued at $2,097,000. Lazard Asset Management LLC grew its position in ServiceTitan by 2,154.8% in the 3rd quarter. Lazard Asset Management LLC now owns 20,970 shares of the company’s stock worth $2,114,000 after purchasing an additional 20,040 shares in the last quarter. Daventry Group LP grew its holdings in shares of ServiceTitan by 151.1% in the third quarter. Daventry Group LP now owns 145,622 shares of the company’s stock valued at $14,683,000 after acquiring an additional 87,622 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in ServiceTitan by 39.7% in the 3rd quarter. Raymond James Financial Inc. now owns 516,781 shares of the company’s stock valued at $52,107,000 after purchasing an additional 146,859 shares during the period.

Insider Activity

In related news, President Vahe Kuzoyan sold 16,388 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $100.62, for a total transaction of $1,648,960.56. Following the completion of the sale, the president owned 1 shares of the company’s stock, valued at $100.62. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Sherry sold 833 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $91.30, for a total value of $76,052.90. Following the completion of the transaction, the chief financial officer owned 330,948 shares of the company’s stock, valued at $30,215,552.40. This represents a 0.25% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 68,792 shares of company stock worth $6,935,369. Corporate insiders own 51.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TTAN. BTIG Research decreased their price target on shares of ServiceTitan from $130.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Morgan Stanley lowered their price target on shares of ServiceTitan from $131.00 to $118.00 and set an “overweight” rating on the stock in a report on Friday. UBS Group reissued a “buy” rating on shares of ServiceTitan in a research note on Monday, December 1st. KeyCorp cut their price target on shares of ServiceTitan from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Wells Fargo & Company reduced their price objective on ServiceTitan from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.56.

ServiceTitan Trading Up 0.2%

Shares of NASDAQ TTAN opened at $70.91 on Tuesday. 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 firm has a 50-day moving average of $78.85 and a 200 day moving average of $93.18. ServiceTitan Inc. has a 1 year low of $58.01 and a 1 year high of $131.33. The stock has a market cap of $6.64 billion, a P/E ratio of -41.23 and a beta of -0.71.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. ServiceTitan had a negative return on equity of 6.91% and a negative net margin of 16.64%.The business had revenue of $253.99 million during the quarter, compared to analysts’ expectations of $245.47 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, sell-side analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

More ServiceTitan News

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: Piper Sandler reiterated an Overweight rating on TTAN, which supports continued analyst conviction in growth prospects. ServiceTitan’s (TTAN) Overweight Rating Reiterated at Piper Sandler
• Positive Sentiment: One firm raised its price target to $135, signaling at least one analyst still sees significant upside versus current levels. ServiceTitan (NASDAQ:TTAN) Price Target Raised to $135.00
• Neutral Sentiment: KeyCorp cut its price target to $120.00 — a downgrade in expectation but still well above the current share price, implying continued upside if execution holds. KeyCorp Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $120.00
• Neutral Sentiment: Canaccord Genuity reduced its target to $105.00 — a pullback that moderates near-term expectations but doesn’t remove upside potential. Canaccord Genuity Group Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $105.00
• Neutral Sentiment: Wells Fargo cut its target to $115.00, Morgan Stanley trimmed to $118.00, Truist lowered to $100.00, and Needham cut to $100.00 — a cluster of downward adjustments that compress the high end of the analyst range. Wells Fargo & Company Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $115.00 Morgan Stanley Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $118.00 Truist Financial Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $100.00 Needham & Company LLC Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $100.00
• Negative Sentiment: Goldman Sachs cut its target from $117 to $84 and moved to a “neutral” rating — a clear downgrade that reduces perceived upside and is likely a major driver of downward pressure. Article Title
• Negative Sentiment: Citigroup cut its price target to $88, another lower projection that narrows upside expectations. Citigroup Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $88.00
• Negative Sentiment: Market reaction included a meaningful down move reported yesterday (trading down ~7.8%) after analyst actions began; that momentum appears to be continuing as targets are updated. ServiceTitan (NASDAQ:TTAN) Trading Down 7.8% on Analyst Downgrade

About ServiceTitan

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.