Envestnet Asset Management Inc. Invests $13.77 Million in ServiceTitan Inc. $TTAN

Envestnet Asset Management Inc. purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 128,510 shares of the company’s stock, valued at approximately $13,774,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Woodline Partners LP raised its position in ServiceTitan by 4.6% during 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 in the last quarter. Assetmark Inc. increased its stake in shares of ServiceTitan by 47.2% during the 1st quarter. Assetmark Inc. now owns 960 shares of the company’s stock worth $91,000 after purchasing an additional 308 shares during the last quarter. LRI Investments LLC bought a new position in shares of ServiceTitan during the 1st quarter valued at $58,000. Oppenheimer Asset Management Inc. bought a new position in shares of ServiceTitan during the 2nd quarter valued at $204,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of ServiceTitan in the 2nd quarter valued at $267,000.

ServiceTitan Stock Performance

Shares of NASDAQ TTAN opened at $94.25 on Friday. 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 $8.76 billion and a P/E ratio of -17.45. The business’s 50 day moving average is $102.76 and its two-hundred day moving average is $108.98. 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 announced its quarterly earnings data 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 return on equity of 16.87% and a negative net margin of 26.08%.The company had revenue of $242.12 million during the quarter, compared to analyst estimates of $229.58 million. The business’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 Upgrades and Downgrades

TTAN has been the topic of several analyst reports. Robert W. Baird increased their target price on shares of ServiceTitan from $124.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Needham & Company LLC reiterated a “buy” rating and set a $140.00 price target on shares of ServiceTitan in a research note on Friday, September 5th. Wells Fargo & Company raised their price objective on ServiceTitan from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Raymond James Financial initiated coverage on ServiceTitan in a report on Friday, August 29th. They issued a “market perform” rating for the company. Finally, Truist Financial set a $130.00 target price on ServiceTitan in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.

Insider Activity at ServiceTitan

In other ServiceTitan news, President Vahe Kuzoyan sold 16,388 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $99.95, for a total value of $1,637,980.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David Sherry sold 853 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $96.39, for a total transaction of $82,220.67. Following the transaction, the chief financial officer owned 346,785 shares in the company, valued at approximately $33,426,606.15. The trade was a 0.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,189,801 shares of company stock valued at $133,969,975 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.