TimesSquare Capital Management LLC Trims Position in ServiceTitan Inc. $TTAN

TimesSquare Capital Management LLC lessened its holdings in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 18.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 850,453 shares of the company’s stock after selling 194,461 shares during the quarter. ServiceTitan makes up 1.3% of TimesSquare Capital Management LLC’s portfolio, making the stock its 17th biggest position. TimesSquare Capital Management LLC owned 0.94% of ServiceTitan worth $91,152,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. LRI Investments LLC bought a new position in ServiceTitan in the 1st quarter worth $58,000. Assetmark Inc. raised its stake in ServiceTitan by 47.2% in the first quarter. Assetmark Inc. now owns 960 shares of the company’s stock worth $91,000 after buying an additional 308 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in ServiceTitan in the second quarter worth about $204,000. Woodline Partners LP boosted its position in ServiceTitan by 4.6% during 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 in the last quarter. Finally, Connable Office Inc. bought a new stake in ServiceTitan during the 2nd quarter valued at approximately $219,000.

ServiceTitan Price Performance

NASDAQ TTAN opened at $91.92 on Wednesday. The stock has a market capitalization of $8.54 billion and a price-to-earnings ratio of -17.02. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-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 business’s fifty day moving average price is $102.29 and its 200-day moving average price is $108.36.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 26.08% and a negative return on equity of 16.87%. 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 predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Insider Activity at ServiceTitan

In other news, CEO Ara Mahdessian sold 46,542 shares of ServiceTitan stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $91.40, for a total transaction of $4,253,938.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $117.79, for a total value 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 is available in the SEC filing. Insiders sold 1,189,801 shares of company stock worth $133,969,975 over the last quarter. Insiders own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial set a $130.00 target price on ServiceTitan in a research note on Tuesday, October 21st. Stifel Nicolaus boosted their target price on shares of ServiceTitan from $135.00 to $145.00 and gave the company a “buy” rating in a report on Friday, September 19th. Citigroup upped their target price on shares of ServiceTitan from $111.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of ServiceTitan in a research note on Wednesday, October 8th. Finally, KeyCorp set a $140.00 price target on ServiceTitan and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.