8,506 ServiceTitan Inc. $TTAN Shares Bought by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC boosted its stake in ServiceTitan Inc. (NASDAQ:TTAN) by 23.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,433 shares of the company’s stock after buying an additional 8,506 shares during the period. ServiceTitan accounts for approximately 1.5% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 15th largest position. Taylor Frigon Capital Management LLC’s holdings in ServiceTitan were worth $2,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TTAN. Elevation Wealth Partners LLC boosted its position in ServiceTitan by 20.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 863 shares of the company’s stock valued at $61,000 after acquiring an additional 144 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of ServiceTitan by 98.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $35,000 after acquiring an additional 261 shares in the last quarter. Pension & Wealth Management Advisors Inc. raised its position in shares of ServiceTitan by 14.4% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 2,481 shares of the company’s stock worth $163,000 after acquiring an additional 312 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of ServiceTitan by 8.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 4,164 shares of the company’s stock worth $274,000 after acquiring an additional 321 shares in the last quarter. Finally, Canton Hathaway LLC bought a new position in shares of ServiceTitan in the 3rd quarter worth approximately $25,000.

Insider Buying and Selling

In related news, CAO Michele O’connor sold 4,380 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $61.35, for a total value of $268,713.00. Following the sale, the chief accounting officer owned 61,715 shares in the company, valued at $3,786,215.25. This represents a 6.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ara Mahdessian sold 3,148 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $57.07, for a total value of $179,656.36. Following the transaction, the chief executive officer directly owned 2 shares of the company’s stock, valued at approximately $114.14. This trade represents a 99.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 268,814 shares of company stock valued at $22,294,608. 39.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TTAN. Canaccord Genuity Group dropped their price target on ServiceTitan from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, September 9th. Stifel Nicolaus reduced their price target on ServiceTitan from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, September 9th. BTIG Research reiterated a “buy” rating and issued a $110.00 price objective on shares of ServiceTitan in a report on Friday, October 2nd. Weiss Ratings upgraded ServiceTitan from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 29th. Finally, Needham & Company LLC reissued a “buy” rating on shares of ServiceTitan in a research report on Wednesday, October 7th. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.38.

ServiceTitan Stock Performance

Shares of TTAN opened at $87.06 on Friday. The stock has a market cap of $8.40 billion, a PE ratio of -64.01 and a beta of 0.33. ServiceTitan Inc. has a fifty-two week low of $53.00 and a fifty-two week high of $111.36. The firm’s 50-day simple moving average is $75.85 and its two-hundred day simple moving average is $72.13.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. ServiceTitan had a negative net margin of 12.12% and a negative return on equity of 5.65%. The business had revenue of $292.76 million during the quarter, compared to the consensus estimate of $285.89 million. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities research analysts predict that ServiceTitan Inc. will post -0.55 EPS for the current year.

About ServiceTitan

ServiceTitan, Inc provides cloud-based software designed to help residential and commercial trade contractors manage and grow their businesses. Its platform serves industries including heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service trades.

The company’s software supports core operations such as customer relationship management, marketing, scheduling, dispatching, estimates, invoicing, payments, inventory management, purchasing, payroll, and business reporting.