9,281 Shares in ServiceTitan Inc. $TTAN Acquired by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. acquired a new stake in ServiceTitan Inc. (NASDAQ:TTAN) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,281 shares of the company’s stock, valued at approximately $995,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Woodline Partners LP boosted its holdings in shares of ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after purchasing an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 392 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of ServiceTitan during the 2nd quarter worth $79,000. Geode Capital Management LLC boosted its stake in ServiceTitan by 0.5% in the second quarter. Geode Capital Management LLC now owns 160,975 shares of the company’s stock valued at $17,258,000 after buying an additional 848 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in ServiceTitan in the second quarter valued at about $94,000.

ServiceTitan Stock Performance

ServiceTitan stock opened at $104.07 on Friday. The business has a 50 day moving average of $94.91 and a 200-day moving average of $104.11. The company has a market capitalization of $9.67 billion and a P/E ratio of -25.51. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.49.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Thursday, December 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.15 by $0.09. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The business had revenue of $249.16 million for the quarter, compared to the consensus estimate of $238.26 million. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. On average, equities research analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on TTAN shares. Wells Fargo & Company boosted their target price on ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Truist Financial set a $130.00 price target on shares of ServiceTitan in a report on Tuesday, October 21st. KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a research note on Friday, November 21st. Piper Sandler cut their target price on shares of ServiceTitan from $155.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, December 5th. Finally, TD Cowen boosted their target price on shares of ServiceTitan from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ServiceTitan presently has an average rating of “Moderate Buy” and a consensus target price of $134.53.

Insider Buying and Selling

In other ServiceTitan news, CEO Ara Mahdessian sold 42,666 shares of ServiceTitan stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $106.85, for a total transaction of $4,558,862.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David Sherry sold 833 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $86.20, for a total value of $71,804.60. Following the completion of the sale, the chief financial officer owned 345,952 shares in the company, valued at $29,821,062.40. This trade represents a 0.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 510,569 shares of company stock valued at $53,024,237 over the last 90 days. 51.72% of the stock is owned by insiders.

About ServiceTitan

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.