Whittier Trust Co. of Nevada Inc. Increases Position in ServiceTitan Inc. $TTAN

Whittier Trust Co. of Nevada Inc. lifted its position in ServiceTitan Inc. (NASDAQ:TTAN) by 12,542.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 31,101 shares of the company’s stock after purchasing an additional 30,855 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in ServiceTitan were worth $3,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Whittier Trust Co. boosted its position in shares of ServiceTitan by 11,668.2% during the fourth quarter. Whittier Trust Co. now owns 60,724 shares of the company’s stock worth $6,180,000 after acquiring an additional 60,208 shares during the last quarter. Xcel Wealth Management LLC purchased a new stake in shares of ServiceTitan in the fourth quarter valued at $285,000. KBC Group NV purchased a new stake in shares of ServiceTitan in the fourth quarter valued at $91,000. Taylor Frigon Capital Management LLC raised its stake in shares of ServiceTitan by 18.5% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 26,768 shares of the company’s stock valued at $2,851,000 after acquiring an additional 4,184 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of ServiceTitan by 189.1% in the fourth quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 174 shares during the period.

ServiceTitan Stock Performance

NASDAQ TTAN opened at $64.31 on Friday. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of -37.39 and a beta of -0.14. The company’s 50-day simple moving average is $66.55 and its two-hundred day simple moving average is $85.49. ServiceTitan Inc. has a one year low of $55.23 and a one year high of $131.33.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Thursday, March 12th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $253.99 million for the quarter, compared to the consensus estimate of $245.47 million. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.86%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. Equities analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on TTAN. William Blair reaffirmed an “outperform” rating on shares of ServiceTitan in a research note on Friday, March 13th. Canaccord Genuity Group reduced their price target on shares of ServiceTitan from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. BTIG Research reduced their price target on shares of ServiceTitan from $130.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. The Goldman Sachs Group reduced their price target on shares of ServiceTitan from $117.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Finally, KeyCorp reduced their price target on shares of ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.31.

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, CEO Ara Mahdessian sold 2,288 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total transaction of $159,839.68. Following the transaction, the chief executive officer owned 1 shares of the company’s stock, valued at approximately $69.86. This trade represents a 99.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Michele O’connor sold 5,154 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total transaction of $360,058.44. Following the transaction, the chief accounting officer directly owned 84,416 shares in the company, valued at $5,897,301.76. This trade represents a 5.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 34,418 shares of company stock worth $2,370,319. Company insiders own 51.72% of the company’s stock.

ServiceTitan Company Profile

ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.