Rockefeller Capital Management L.P. Acquires New Holdings in ServiceTitan Inc. $TTAN

Rockefeller Capital Management L.P. bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,813 shares of the company’s stock, valued at approximately $1,480,000.

Several other hedge funds also recently modified their holdings of TTAN. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of ServiceTitan by 1,545.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company’s stock valued at $195,521,000 after purchasing an additional 1,930,779 shares in the last quarter. Alliancebernstein L.P. increased its position in ServiceTitan by 143.1% during the first quarter. Alliancebernstein L.P. now owns 356,490 shares of the company’s stock worth $33,906,000 after buying an additional 209,822 shares during the last quarter. WCM Investment Management LLC raised its holdings in ServiceTitan by 215.4% during the second quarter. WCM Investment Management LLC now owns 265,316 shares of the company’s stock valued at $28,636,000 after buying an additional 181,195 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of ServiceTitan by 25.8% in the first quarter. Vanguard Group Inc. now owns 701,060 shares of the company’s stock worth $66,678,000 after buying an additional 143,574 shares during the last quarter. Finally, Freestone Capital Holdings LLC bought a new stake in shares of ServiceTitan during the 2nd quarter worth about $14,076,000.

ServiceTitan Stock Performance

Shares of NASDAQ TTAN opened at $88.89 on Tuesday. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33. The company has a market cap of $8.26 billion and a P/E ratio of -16.46. The business’s 50 day moving average is $97.75 and its two-hundred day moving average is $106.52. 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:TTAN) last posted its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.40). ServiceTitan had a negative net margin of 26.08% and a negative return on equity of 16.87%. The business had revenue of $242.12 million during the quarter, compared to the consensus estimate of $229.58 million. ServiceTitan’s revenue for the quarter 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. On average, equities analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current year.

Analyst Ratings Changes

TTAN has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price objective on ServiceTitan from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Wells Fargo & Company increased their price target on ServiceTitan from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Loop Capital raised shares of ServiceTitan from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $140.00 in a research report on Monday, August 18th. Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a research note on Wednesday, November 19th. Finally, BMO Capital Markets lowered their target price on shares of ServiceTitan from $129.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.73.

Insider Activity at ServiceTitan

In other news, President Vahe Kuzoyan sold 16,388 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $92.03, for a total transaction of $1,508,187.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bessemer Venture Partners Viii sold 492 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $101.33, for a total transaction of $49,854.36. Following the completion of the sale, the insider owned 7,089,795 shares of the company’s stock, valued at approximately $718,408,927.35. The trade was a 0.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,121,690 shares of company stock valued at $126,740,332 in the last quarter. Company insiders own 51.72% of the company’s stock.

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.