Whetstone Capital Advisors LLC Makes New Investment in ServiceTitan Inc. $TTAN

Whetstone Capital Advisors LLC bought a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) during the 2nd quarter, Holdings Channel reports. The firm bought 46,323 shares of the company’s stock, valued at approximately $3,275,000. ServiceTitan comprises 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of ServiceTitan by 7,065.5% during the second quarter. California State Teachers Retirement System now owns 4,537,461 shares of the company’s stock valued at $320,844,000 after purchasing an additional 4,474,137 shares during the last quarter. Norges Bank bought a new stake in ServiceTitan in the 4th quarter worth approximately $112,678,000. Fuller & Thaler Asset Management Inc. bought a new stake in ServiceTitan in the 4th quarter worth approximately $89,702,000. Madison Asset Management LLC purchased a new stake in ServiceTitan during the 2nd quarter valued at $56,118,000. Finally, Atreides Management LP purchased a new stake in ServiceTitan during the 2nd quarter valued at $68,679,000.

ServiceTitan Stock Performance

Shares of ServiceTitan stock opened at $57.12 on Thursday. ServiceTitan Inc. has a one year low of $54.17 and a one year high of $119.60. The stock’s fifty day moving average is $84.33 and its 200 day moving average is $72.62. The stock has a market cap of $5.45 billion, a P/E ratio of -42.00 and a beta of 0.11.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $292.76 million during the quarter, compared to analyst estimates of $285.89 million. ServiceTitan had a negative return on equity of 5.72% and a negative net margin of 12.12%.ServiceTitan’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share. Analysts predict that ServiceTitan Inc. will post -0.54 EPS for the current year.

Insider Activity

In related news, President Vahe Kuzoyan sold 114,732 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $88.84, for a total transaction of $10,192,790.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Sherry sold 20,192 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $66.19, for a total transaction of $1,336,508.48. Following the completion of the sale, the chief financial officer directly owned 398,033 shares of the company’s stock, valued at $26,345,804.27. This represents a 4.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 514,837 shares of company stock worth $39,203,222. 39.89% of the stock is currently owned by corporate insiders.

ServiceTitan News Roundup

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan reported fiscal Q2 revenue of $292.8 million, up 20.9% year over year and above the roughly $285.9 million consensus estimate. Adjusted EPS of $0.40 also exceeded expectations, while record non-GAAP free cash flow of $50.5 million and a 15.2% adjusted operating margin highlighted improving profitability. ServiceTitan Announces Fiscal Second Quarter Financial Results
• Positive Sentiment: Management is emphasizing adoption of its Max platform and sees artificial intelligence as a longer-term growth driver. Several analysts maintained bullish ratings, including BTIG, Piper Sandler, KeyCorp, BMO Capital Markets, Stifel and Robert W. Baird, with price targets that remain materially above the current trading level.
• Neutral Sentiment: Analysts broadly lowered their price targets following the earnings release—while retaining buy, overweight or outperform ratings—reflecting greater caution about near-term execution rather than a wholesale change in the long-term outlook. Citigroup moved to a neutral rating and reduced its target to $76. Why ServiceTitan Stock Is Diving After Earnings Beat
• Negative Sentiment: Fiscal Q3 revenue guidance of $285 million-$287 million was slightly below the $287.8 million consensus estimate. More importantly, management said the mix shift toward Max is expected to reduce professional-services revenue by approximately $2 million over the rest of the fiscal year, raising concerns about the pace and economics of the transition.
• Negative Sentiment: A leadership transition also weighed on sentiment: Rikus Pretorius was named the next chief revenue officer, with Ross Biestman remaining through the end of the fiscal year. The change adds uncertainty around sales execution during the platform transition. ServiceTitan Names Rikus Pretorius Next Chief Revenue Officer
• Negative Sentiment: Holzer & Holzer and the Law Offices of Frank R. Cruz announced securities-fraud investigations, citing the company’s disclosure about lower professional-services revenue. These announcements may add legal and reputational overhang, although they do not establish wrongdoing. TTAN Investor Alert

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley dropped their price target on ServiceTitan from $124.00 to $92.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group set a $100.00 price objective on ServiceTitan in a research report on Wednesday. KeyCorp lowered their target price on ServiceTitan from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday. Weiss Ratings upgraded ServiceTitan from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Finally, Wells Fargo & Company cut their price target on ServiceTitan from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ServiceTitan currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

ServiceTitan Company 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.