WCM Investment Management LLC Increases Stock Position in ServiceTitan Inc. $TTAN

WCM Investment Management LLC boosted its stake in ServiceTitan Inc. (NASDAQ:TTANFree Report) by 215.4% in the second quarter, Holdings Channel.com reports. The fund owned 265,316 shares of the company’s stock after buying an additional 181,195 shares during the quarter. WCM Investment Management LLC’s holdings in ServiceTitan were worth $28,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LRI Investments LLC purchased a new stake in ServiceTitan in the first quarter valued at $58,000. Assetmark Inc. lifted its position in ServiceTitan by 47.2% in the first 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. Woodline Partners LP lifted its position in ServiceTitan by 4.6% in the first 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. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of ServiceTitan in the second quarter valued at about $273,000. Finally, Northside Capital Management LLC purchased a new stake in shares of ServiceTitan in the second quarter valued at about $284,000.

Insider Buying and Selling

In related news, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $117.79, for a total transaction of $43,647,909.03. Following the completion of the transaction, the insider directly owned 7,595,777 shares of the company’s stock, valued at $894,706,572.83. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Vahe Kuzoyan sold 24,598 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $114.46, for a total transaction of $2,815,487.08. The disclosure for this sale can be found here. Insiders sold 1,118,693 shares of company stock valued at $128,602,995 over the last ninety days. Corporate insiders own 51.72% of the company’s stock.

ServiceTitan Trading Down 2.8%

NASDAQ TTAN opened at $94.27 on Thursday. The stock has a market capitalization of $8.76 billion and a P/E ratio of -17.46. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33. The firm has a 50-day moving average price of $105.71 and a 200 day moving average price of $109.62. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.07.

ServiceTitan (NASDAQ:TTANGet Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (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 quarterly revenue was up 25.5% compared to the same quarter last year. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on TTAN. Robert W. Baird upped their target price on shares of ServiceTitan from $124.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Truist Financial upped their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ServiceTitan in a report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of ServiceTitan from $109.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Finally, Canaccord Genuity Group upped their target price on shares of ServiceTitan from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.67.

Get Our Latest Analysis on ServiceTitan

About ServiceTitan

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ServiceTitan (NASDAQ:TTAN)

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