Zweig DiMenna Associates LLC Buys 93,800 Shares of ServiceTitan Inc. $TTAN

Zweig DiMenna Associates LLC increased its position in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 422.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,000 shares of the company’s stock after purchasing an additional 93,800 shares during the period. ServiceTitan accounts for 1.2% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 24th largest holding. Zweig DiMenna Associates LLC owned 0.13% of ServiceTitan worth $12,433,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of ServiceTitan by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company’s stock valued at $219,341,000 after buying an additional 32,066 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in ServiceTitan by 1,545.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company’s stock valued at $195,521,000 after acquiring an additional 1,930,779 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of ServiceTitan by 22.3% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,044,914 shares of the company’s stock valued at $99,382,000 after purchasing an additional 190,476 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of ServiceTitan by 4.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 909,131 shares of the company’s stock valued at $86,468,000 after purchasing an additional 38,827 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of ServiceTitan by 25.8% during the 1st quarter. Vanguard Group Inc. now owns 701,060 shares of the company’s stock valued at $66,678,000 after purchasing an additional 143,574 shares during the last quarter.

Insider Activity

In other ServiceTitan news, CFO David Sherry sold 853 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $96.39, for a total transaction of $82,220.67. Following the completion of the transaction, the chief financial officer owned 346,785 shares in the company, valued at $33,426,606.15. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Vahe Kuzoyan sold 16,388 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $99.95, for a total value of $1,637,980.60. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,117,371 shares of company stock worth $128,414,855. Insiders own 51.72% of the company’s stock.

ServiceTitan Price Performance

Shares of ServiceTitan stock opened at $94.36 on Friday. The stock has a market cap of $8.77 billion and a price-to-earnings ratio of -17.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.49 and a current ratio of 4.49. The stock has a 50 day moving average price of $103.96 and a 200-day moving average price of $109.81. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). The company 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 business’s 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 analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TTAN shares. Stifel Nicolaus boosted their target price on ServiceTitan from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ServiceTitan in a research note on Wednesday, October 8th. Morgan Stanley lifted their price objective on ServiceTitan from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Truist Financial set a $130.00 target price on shares of ServiceTitan in a report on Tuesday, October 21st. Finally, Raymond James Financial initiated coverage on shares of ServiceTitan in a report on Friday, August 29th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

ServiceTitan 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.