ServiceTitan Inc. $TTAN Shares Purchased by Whittier Trust Co.

Whittier Trust Co. boosted its stake in ServiceTitan Inc. (NASDAQ:TTAN) by 77.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,770 shares of the company’s stock after acquiring an additional 47,046 shares during the quarter. Whittier Trust Co.’s holdings in ServiceTitan were worth $6,791,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TTAN. Norges Bank acquired a new position in shares of ServiceTitan during the fourth quarter worth $112,678,000. CIBC Bancorp USA Inc. acquired a new stake in ServiceTitan during the 3rd quarter valued at $84,983,000. Fuller & Thaler Asset Management Inc. acquired a new stake in ServiceTitan during the 4th quarter valued at $89,702,000. First Trust Advisors LP increased its stake in ServiceTitan by 2,401.9% during the 3rd quarter. First Trust Advisors LP now owns 670,883 shares of the company’s stock worth $67,645,000 after buying an additional 644,068 shares during the period. Finally, Atreides Management LP purchased a new stake in ServiceTitan during the 2nd quarter worth $68,679,000.

ServiceTitan Trading Up 2.7%

NASDAQ TTAN traded up $2.08 during trading hours on Tuesday, reaching $79.87. 299,514 shares of the company traded hands, compared to its average volume of 1,464,949. The stock has a market capitalization of $7.62 billion, a PE ratio of -54.95 and a beta of 0.13. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.99. The company has a 50 day moving average of $66.29 and a two-hundred day moving average of $74.08.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The company had revenue of $268.82 million during the quarter, compared to the consensus estimate of $257.40 million. During the same quarter in the previous year, the firm earned $0.18 EPS. The company’s revenue was up 24.6% on a year-over-year basis. On average, equities research analysts anticipate that ServiceTitan Inc. will post -0.54 earnings per share for the current year.

Insider Buying and Selling

In other ServiceTitan news, Director Byron B. Deeter sold 8,845 shares of ServiceTitan stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $63.35, for a total value of $560,330.75. Following the completion of the transaction, the director owned 13,782 shares of the company’s stock, valued at $873,089.70. The trade was a 39.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Michele O’connor sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $69.14, for a total transaction of $691,400.00. Following the sale, the chief accounting officer owned 81,890 shares of the company’s stock, valued at approximately $5,661,874.60. The trade was a 10.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 244,807 shares of company stock worth $15,649,413. 39.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TTAN has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on shares of ServiceTitan from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Truist Financial restated a “buy” rating and set a $110.00 target price (up from $100.00) on shares of ServiceTitan in a research note on Friday, June 5th. Morgan Stanley lifted their target price on ServiceTitan from $118.00 to $124.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Stifel Nicolaus set a $125.00 price target on ServiceTitan in a research note on Wednesday, May 27th. Finally, William Blair reissued an “outperform” rating on shares of ServiceTitan in a report on Friday, March 13th. Fifteen investment 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’s stock. According to data from MarketBeat, ServiceTitan currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.53.

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.