Generation Investment Management LLP Sells 211,537 Shares of ServiceTitan Inc. $TTAN

Generation Investment Management LLP lowered its position in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 10.5% in the second quarter, HoldingsChannel reports. The fund owned 1,811,965 shares of the company’s stock after selling 211,537 shares during the period. ServiceTitan makes up 1.2% of Generation Investment Management LLP’s portfolio, making the stock its 23rd largest position. Generation Investment Management LLP’s holdings in ServiceTitan were worth $194,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTAN. Woodline Partners LP lifted its position in shares of ServiceTitan by 4.6% in the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares in the last quarter. Assetmark Inc. increased its stake in ServiceTitan by 47.2% in the 1st quarter. Assetmark Inc. now owns 960 shares of the company’s stock valued at $91,000 after buying an additional 308 shares during the last quarter. LRI Investments LLC bought a new stake in ServiceTitan during the 1st quarter worth about $58,000. Oppenheimer Asset Management Inc. acquired a new position in shares of ServiceTitan during the 2nd quarter worth about $204,000. Finally, Connable Office Inc. bought a new position in shares of ServiceTitan in the 2nd quarter valued at about $219,000.

Insiders Place Their Bets

In related news, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $117.79, for a total value of $43,647,909.03. Following the transaction, the insider directly owned 7,595,777 shares in the company, valued at approximately $894,706,572.83. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ara Mahdessian sold 46,542 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $91.40, for a total transaction of $4,253,938.80. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,189,801 shares of company stock worth $133,969,975. Insiders own 51.72% of the company’s stock.

ServiceTitan Stock Performance

NASDAQ TTAN opened at $94.25 on Monday. The stock has a market cap of $8.76 billion and a PE ratio of -17.45. 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 firm has a 50-day moving average of $102.76 and a 200-day moving average of $108.81. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $242.12 million during the quarter, compared to analyst estimates of $229.58 million. The company’s quarterly revenue was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Stifel Nicolaus upped their target price on ServiceTitan from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, September 19th. BMO Capital Markets started coverage on ServiceTitan in a research note on Thursday, August 28th. They set an “outperform” rating and a $129.00 price objective on the stock. KeyCorp set a $140.00 target price on shares of ServiceTitan and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Piper Sandler reaffirmed an “overweight” rating and set a $155.00 price target on shares of ServiceTitan in a research report on Friday, September 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of ServiceTitan in a research report on Wednesday, October 8th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.