Bessemer Venture Partners Viii Sells 492 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) major shareholder Bessemer Venture Partners Viii sold 492 shares of ServiceTitan stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $101.33, for a total value of $49,854.36. Following the completion of the sale, the insider directly owned 7,089,795 shares in the company, valued at $718,408,927.35. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Bessemer Venture Partners Viii also recently made the following trade(s):

• On Thursday, October 9th, Bessemer Venture Partners Viii sold 40,763 shares of ServiceTitan stock. The shares were sold at an average price of $101.37, for a total value of $4,132,145.31.
• On Friday, September 19th, Bessemer Venture Partners Viii sold 28,245 shares of ServiceTitan stock. The stock was sold at an average price of $118.21, for a total value of $3,338,841.45.
• On Wednesday, September 17th, Bessemer Venture Partners Viii sold 7,039 shares of ServiceTitan stock. The stock was sold at an average price of $117.32, for a total value of $825,815.48.
• On Tuesday, September 16th, Bessemer Venture Partners Viii sold 57,688 shares of ServiceTitan stock. The stock was sold at an average price of $117.18, for a total value of $6,759,879.84.
• On Friday, September 12th, Bessemer Venture Partners Viii sold 9,495 shares of ServiceTitan stock. The stock was sold at an average price of $117.13, for a total value of $1,112,149.35.
• On Thursday, September 11th, Bessemer Venture Partners Viii sold 7,048 shares of ServiceTitan stock. The stock was sold at an average price of $117.10, for a total value of $825,320.80.
• On Wednesday, September 10th, Bessemer Venture Partners Viii sold 14,579 shares of ServiceTitan stock. The stock was sold at an average price of $117.53, for a total value of $1,713,469.87.
• On Tuesday, September 9th, Bessemer Venture Partners Viii sold 340,633 shares of ServiceTitan stock. The stock was sold at an average price of $118.89, for a total value of $40,497,857.37.
• On Monday, September 8th, Bessemer Venture Partners Viii sold 370,557 shares of ServiceTitan stock. The stock was sold at an average price of $117.79, for a total value of $43,647,909.03.

ServiceTitan Price Performance

Shares of NASDAQ:TTAN opened at $94.27 on Thursday. The business’s 50 day simple moving average is $105.71 and its 200-day simple moving average is $109.62. The firm has a market capitalization of $8.76 billion and a price-to-earnings ratio of -17.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.40). The firm had revenue of $242.12 million for the quarter, compared to analysts’ expectations of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.ServiceTitan’s revenue for the quarter was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. KeyCorp set a $140.00 price objective on ServiceTitan and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Truist Financial lifted their price objective on ServiceTitan from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Canaccord Genuity Group lifted their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Citigroup lifted their price objective on ServiceTitan from $111.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $140.00 price objective on shares of ServiceTitan in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Woodline Partners LP raised its holdings in 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 acquiring an additional 95 shares during the last quarter. Assetmark Inc. raised its holdings in ServiceTitan by 47.2% in the 1st quarter. Assetmark Inc. now owns 960 shares of the company’s stock valued at $91,000 after acquiring an additional 308 shares during the last quarter. 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 valued at $46,000 after acquiring an additional 392 shares during the last quarter. LRI Investments LLC acquired a new position in ServiceTitan in the 1st quarter valued at $58,000. Finally, PNC Financial Services Group Inc. acquired a new position in ServiceTitan in the 2nd quarter valued at $79,000.

ServiceTitan Company Profile

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.