FNY Investment Advisers LLC Buys Shares of 2,500 ServiceTitan Inc. $TTAN

FNY Investment Advisers LLC purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,500 shares of the company’s stock, valued at approximately $267,000.

A number of other large investors have also made changes to their positions in TTAN. Harbour Capital Advisors LLC bought a new stake in shares of ServiceTitan in the 1st quarter valued at $252,000. Taylor Frigon Capital Management LLC bought a new stake in shares of ServiceTitan in the 1st quarter valued at $2,487,000. WCM Investment Management LLC bought a new stake in shares of ServiceTitan in the 1st quarter valued at $8,025,000. Principal Financial Group Inc. increased its position in shares of ServiceTitan by 38.3% in the 1st quarter. Principal Financial Group Inc. now owns 341,097 shares of the company’s stock valued at $32,442,000 after buying an additional 94,518 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of ServiceTitan in the 1st quarter valued at $598,000.

Insider Transactions at ServiceTitan

In other news, President Vahe Kuzoyan sold 24,598 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $114.46, for a total transaction of $2,815,487.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of the firm’s 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 sale, the insider owned 7,595,777 shares of the company’s stock, valued at $894,706,572.83. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,117,371 shares of company stock worth $128,414,855 in the last three months. Insiders own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TTAN. Canaccord Genuity Group upped their price objective on shares of ServiceTitan from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 19th. BMO Capital Markets assumed coverage on shares of ServiceTitan in a research report on Thursday, August 28th. They issued an “outperform” rating and a $129.00 price objective for the company. Robert W. Baird upped their target price on shares of ServiceTitan from $124.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Wells Fargo & Company upped their target price on shares of ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Raymond James Financial assumed coverage on shares of ServiceTitan in a research note on Friday, August 29th. They issued a “market perform” rating for the company. One investment 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. Based on data from MarketBeat, ServiceTitan currently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

ServiceTitan Trading Down 1.8%

ServiceTitan stock opened at $94.79 on Thursday. The firm has a 50-day moving average of $104.85 and a 200-day moving average of $109.66. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49. The company has a market cap of $8.81 billion and a price-to-earnings ratio of -17.55.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The business had revenue of $242.12 million for the quarter, compared to analyst estimates of $229.58 million. The business’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. On average, equities analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

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.