Vestmark Advisory Solutions Inc. Makes New Investment in ServiceTitan Inc. $TTAN

Vestmark Advisory Solutions Inc. bought a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 23,429 shares of the company’s stock, valued at approximately $2,511,000.

Other large investors also recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of ServiceTitan during the first quarter worth $58,000. Assetmark Inc. lifted its stake in ServiceTitan by 47.2% in the first quarter. Assetmark Inc. now owns 960 shares of the company’s stock valued at $91,000 after buying an additional 308 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in ServiceTitan in the second quarter valued at about $204,000. Connable Office Inc. bought a new position in ServiceTitan during the second quarter worth about $219,000. Finally, Mission Wealth Management LP acquired a new position in shares of ServiceTitan during the 2nd quarter worth about $229,000.

Insider Transactions at ServiceTitan

In other news, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $117.79, for a total transaction of $43,647,909.03. Following the completion of the transaction, the insider directly owned 7,595,777 shares of the company’s stock, valued at $894,706,572.83. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ara Mahdessian sold 46,542 shares of ServiceTitan stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $91.40, for a total value of $4,253,938.80. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,189,801 shares of company stock valued at $133,969,975. Corporate insiders own 51.72% of the company’s stock.

ServiceTitan Stock Up 2.4%

ServiceTitan stock opened at $94.25 on Monday. The stock has a market capitalization of $8.76 billion and a PE ratio of -17.45. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $131.33. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $102.76 and a 200-day moving average of $108.81.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). The company had revenue of $242.12 million for the quarter, compared to analyst estimates 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 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 research analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTAN has been the topic of a number of analyst reports. Citigroup increased their price target on shares of ServiceTitan from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Robert W. Baird upped their target price on shares of ServiceTitan from $124.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Stifel Nicolaus increased their target price on shares of ServiceTitan from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Morgan Stanley boosted their price target on shares of ServiceTitan from $109.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Finally, Truist Financial set a $130.00 price objective on shares of ServiceTitan in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.