Taylor Frigon Capital Management LLC Acquires 9,632 Shares of ServiceTitan Inc. $TTAN

Taylor Frigon Capital Management LLC increased its holdings in ServiceTitan Inc. (NASDAQ:TTAN) by 36.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,400 shares of the company’s stock after buying an additional 9,632 shares during the quarter. ServiceTitan accounts for about 1.3% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Taylor Frigon Capital Management LLC’s holdings in ServiceTitan were worth $2,310,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Toth Financial Advisory Corp raised its position in ServiceTitan by 150.0% in the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after acquiring an additional 150 shares during the period. Farther Finance Advisors LLC grew its position in shares of ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 174 shares during the period. eCIO Inc. purchased a new stake in shares of ServiceTitan in the 4th quarter worth $30,000. Elevation Wealth Partners LLC purchased a new stake in shares of ServiceTitan in the 4th quarter worth $36,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in ServiceTitan by 1,005.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 392 shares during the period.

Insider Activity at ServiceTitan

In other ServiceTitan news, Director William J.G. Griffith sold 94,415 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $63.43, for a total value of $5,988,743.45. Following the completion of the transaction, the director directly owned 443,221 shares in the company, valued at $28,113,508.03. This represents a 17.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Byron B. Deeter sold 8,845 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $63.35, for a total transaction of $560,330.75. Following the sale, the director directly owned 13,782 shares of the company’s stock, valued at approximately $873,089.70. This trade represents a 39.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 296,664 shares of company stock worth $19,958,797 in the last three months. Corporate insiders own 39.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TTAN shares. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of ServiceTitan in a research report on Wednesday, June 17th. Wells Fargo & Company reduced their price target on ServiceTitan from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. BTIG Research lifted their price objective on ServiceTitan from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, June 5th. BMO Capital Markets boosted their price objective on ServiceTitan from $92.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, TD Cowen boosted their price objective on ServiceTitan from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Fifteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.53.

ServiceTitan Stock Performance

Shares of ServiceTitan stock opened at $78.01 on Thursday. ServiceTitan Inc. has a fifty-two week low of $54.17 and a fifty-two week high of $119.99. The company has a market capitalization of $7.44 billion, a P/E ratio of -53.80 and a beta of 0.13. The company has a fifty day moving average of $66.98 and a 200 day moving average of $73.69.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $268.82 million for the quarter, compared to analysts’ expectations of $257.40 million. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Analysts forecast that ServiceTitan Inc. will post -0.54 EPS for the current year.

About ServiceTitan

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.