Pathway Capital Management LP Purchases Shares of 64,019 ServiceTitan Inc. $TTAN

Pathway Capital Management LP purchased a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 64,019 shares of the company’s stock, valued at approximately $6,862,000. ServiceTitan comprises approximately 7.5% of Pathway Capital Management LP’s investment portfolio, making the stock its 3rd largest holding. Pathway Capital Management LP owned 0.07% of ServiceTitan as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in ServiceTitan during the first quarter valued at approximately $58,000. Assetmark Inc. boosted its position in shares of 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 period. Oppenheimer Asset Management Inc. bought a new stake in shares of ServiceTitan in the second quarter valued at approximately $204,000. Woodline Partners LP boosted its position in shares of 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 period. Finally, Keybank National Association OH bought a new stake in shares of ServiceTitan in the second quarter valued at approximately $250,000.

ServiceTitan Stock Down 0.6%

Shares of TTAN stock opened at $95.79 on Friday. The stock has a market cap of $8.90 billion and a P/E ratio of -17.74. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The stock has a fifty day moving average price of $104.17 and a 200 day moving average price of $109.93. 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 (NASDAQ:TTAN) last issued its 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 during the quarter, compared to the consensus estimate of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The firm’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. Analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of ServiceTitan stock in a transaction on Monday, September 8th. The stock was 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 approximately $894,706,572.83. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Vahe Kuzoyan sold 24,598 shares of ServiceTitan stock in a transaction on Monday, August 4th. The shares were sold at an average price of $114.46, for a total value of $2,815,487.08. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,117,371 shares of company stock valued at $128,414,855. 51.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTAN. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price objective on shares of ServiceTitan in a research report on Friday, September 5th. Citigroup increased their price objective on ServiceTitan from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Canaccord Genuity Group lifted their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of ServiceTitan in a report on Wednesday, October 8th. Finally, Loop Capital raised ServiceTitan from a “hold” rating to a “buy” rating and raised their target price for the stock from $100.00 to $140.00 in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.67.

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.