Jacobson & Schmitt Advisors LLC Buys 22,991 Shares of ServiceTitan Inc. $TTAN

Jacobson & Schmitt Advisors LLC boosted its position in ServiceTitan Inc. (NASDAQ:TTAN) by 23.4% in the second quarter, HoldingsChannel reports. The firm owned 121,046 shares of the company’s stock after buying an additional 22,991 shares during the quarter. ServiceTitan accounts for about 2.3% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 21st largest holding. Jacobson & Schmitt Advisors LLC’s holdings in ServiceTitan were worth $12,974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. LRI Investments LLC purchased a new stake in shares of ServiceTitan during the 1st quarter valued at $58,000. Assetmark Inc. raised its position in ServiceTitan by 47.2% in the first quarter. Assetmark Inc. now owns 960 shares of the company’s stock worth $91,000 after acquiring an additional 308 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of ServiceTitan during the 2nd quarter valued at approximately $204,000. Connable Office Inc. bought a new position in shares of ServiceTitan during the 2nd quarter valued at approximately $219,000. Finally, Mission Wealth Management LP purchased a new stake in ServiceTitan in the second quarter worth $229,000.

ServiceTitan Stock Down 2.8%

Shares of NASDAQ TTAN opened at $92.13 on Wednesday. The firm’s fifty day moving average is $103.61 and its 200 day moving average is $109.38. The company has a market cap of $8.56 billion and a price-to-earnings ratio of -17.06. 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 Inc. has a 52 week low of $79.81 and a 52 week high of $131.33.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $229.58 million. ServiceTitan’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. On average, equities research analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Insider Activity at ServiceTitan

In other news, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of ServiceTitan stock in a transaction dated 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 transaction, the insider owned 7,595,777 shares of the company’s stock, valued at $894,706,572.83. The trade was a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ara Mahdessian sold 45,185 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $103.71, for a total value of $4,686,136.35. The SEC filing for this sale provides additional information. Insiders sold a total of 1,068,191 shares of company stock valued at $122,845,692 in the last 90 days. Corporate insiders own 51.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TTAN shares. Morgan Stanley upped their price target on shares of ServiceTitan from $109.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $155.00 price target on shares of ServiceTitan in a report on Friday, September 19th. Stifel Nicolaus boosted their price objective on ServiceTitan from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, September 19th. BMO Capital Markets began coverage on ServiceTitan in a report on Thursday, August 28th. They set an “outperform” rating and a $129.00 price objective on the stock. Finally, Truist Financial set a $130.00 price target on shares of ServiceTitan in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.67.

About ServiceTitan

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.