Jacobson & Schmitt Advisors LLC Buys 11,966 Shares of ServiceTitan Inc. $TTAN

Jacobson & Schmitt Advisors LLC increased its stake in ServiceTitan Inc. (NASDAQ:TTAN) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,410 shares of the company’s stock after purchasing an additional 11,966 shares during the period. ServiceTitan makes up 2.4% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 19th biggest holding. Jacobson & Schmitt Advisors LLC owned 0.14% of ServiceTitan worth $14,102,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Woodline Partners LP grew its stake in 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 buying an additional 95 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of ServiceTitan by 16.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock worth $87,000 after acquiring an additional 119 shares in the last quarter. Toth Financial Advisory Corp increased its stake in ServiceTitan by 150.0% in the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Cloud Capital Management LLC bought a new stake in ServiceTitan during the third quarter worth $25,000. Finally, eCIO Inc. bought a new stake in ServiceTitan during the fourth quarter worth $30,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a research note on Monday, December 29th. KeyCorp reduced their price objective on ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Stifel Nicolaus lowered their target price on ServiceTitan from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Piper Sandler reissued an “overweight” rating and issued a $120.00 target price on shares of ServiceTitan in a report on Friday, March 13th. Finally, BTIG Research reduced their price target on shares of ServiceTitan from $130.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, ServiceTitan has a consensus rating of “Moderate Buy” and a consensus target price of $113.56.

Insider Transactions at ServiceTitan

In other ServiceTitan news, CEO Ara Mahdessian sold 32,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $98.50, for a total transaction of $3,152,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Michele O’connor sold 5,154 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total transaction of $360,058.44. Following the completion of the transaction, the chief accounting officer owned 84,416 shares of the company’s stock, valued at approximately $5,897,301.76. This trade represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 61,418 shares of company stock worth $5,227,669. 51.72% of the stock is owned by corporate insiders.

ServiceTitan Stock Performance

Shares of TTAN opened at $62.93 on Monday. ServiceTitan Inc. has a 52 week low of $58.01 and a 52 week high of $131.33. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of -36.59 and a beta of -0.14. The stock has a fifty day moving average of $69.80 and a 200-day moving average of $88.53.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $253.99 million for the quarter, compared to analyst estimates of $245.47 million. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.ServiceTitan’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, equities analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

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.