ServiceTitan (NASDAQ:TTAN) Trading 8.4% Higher – Here’s What Happened

ServiceTitan Inc. (NASDAQ:TTAN)’s stock price shot up 8.4% on Tuesday . The company traded as high as $60.49 and last traded at $61.2690. Approximately 2,003,401 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 1,721,718 shares. The stock had previously closed at $56.53.

Key ServiceTitan News

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan is partnering to expand more deeply into roofing software, extending its contractor-management platform into another large field-service trade. The move could broaden the company’s addressable market, increase customer adoption and support longer-term revenue growth. ServiceTitan Partners to Push Deeper Into Roofing Software
• Positive Sentiment: ServiceTitan’s latest quarterly results provide some fundamental support: revenue increased 20.9% year over year to $292.76 million and adjusted earnings exceeded analysts’ expectations. The company’s Max AI platform remains a potential growth driver if it can improve contractor productivity and generate additional software demand.
• Neutral Sentiment: CEO Ara Mahdessian, President Vahe Kuzoyan, CFO David Sherry and CAO Michele O’Connor sold shares at an average price of $57.07. The filings state that the transactions were made to cover tax-withholding obligations tied to vested equity awards, making them less significant as discretionary bearish signals. However, the CEO and president each were left with only two shares, while the CFO retained 363,511 shares.
• Negative Sentiment: Bleichmar Fonti & Auld announced an ongoing securities-fraud investigation concerning statements about ServiceTitan’s Max AI platform and plans to expand into additional trades. The announcement does not establish wrongdoing, but it adds legal, reputational and disclosure risk at a time when investors are questioning the company’s AI execution and growth outlook. ServiceTitan Securities Fraud Investigation
• Negative Sentiment: The investigation follows a separate investor alert from the same law firm after a significant stock decline, potentially reinforcing short-term selling pressure and volatility. ServiceTitan Investor Loss Alert

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BTIG Research reaffirmed a “buy” rating and set a $110.00 target price on shares of ServiceTitan in a research note on Wednesday, September 9th. TD Cowen reduced their price objective on shares of ServiceTitan from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, September 9th. Stifel Nicolaus dropped their target price on shares of ServiceTitan from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, September 9th. Robert W. Baird reduced their target price on shares of ServiceTitan from $101.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, September 9th. Finally, KeyCorp dropped their price target on ServiceTitan from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, September 9th. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ServiceTitan presently has an average rating of “Moderate Buy” and a consensus target price of $96.38.

ServiceTitan Trading Up 8.6%

The company’s 50-day moving average is $80.79 and its 200 day moving average is $71.90. The firm has a market cap of $5.92 billion, a PE ratio of -45.08 and a beta of 0.11.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $292.76 million for the quarter, compared to analysts’ expectations of $285.89 million. ServiceTitan had a negative net margin of 12.12% and a negative return on equity of 5.65%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, research analysts predict that ServiceTitan Inc. will post -0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Michele O’connor sold 5,581 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $57.07, for a total value of $318,507.67. Following the completion of the sale, the chief accounting officer directly owned 66,095 shares of the company’s stock, valued at $3,772,041.65. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Vahe Kuzoyan sold 114,732 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $88.84, for a total transaction of $10,192,790.88. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 320,153 shares of company stock worth $26,544,329 over the last quarter. Company insiders own 39.89% of the company’s stock.

Hedge Funds Weigh In On ServiceTitan

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC raised its holdings in shares of ServiceTitan by 598.9% during the second quarter. Tidal Investments LLC now owns 27,963 shares of the company’s stock worth $1,977,000 after acquiring an additional 23,962 shares in the last quarter. Whetstone Capital Advisors LLC purchased a new position in ServiceTitan in the second quarter valued at about $3,275,000. WINTON GROUP Ltd purchased a new position in ServiceTitan in the second quarter valued at about $5,218,000. Integrated Wealth Concepts LLC acquired a new position in ServiceTitan in the 2nd quarter worth about $115,000. Finally, NewEdge Advisors LLC raised its stake in shares of ServiceTitan by 7,677.2% during the 2nd quarter. NewEdge Advisors LLC now owns 8,866 shares of the company’s stock worth $627,000 after purchasing an additional 8,752 shares in the last quarter.

About ServiceTitan

ServiceTitan, Inc develops cloud-based software designed to help residential and commercial contractors manage and grow their businesses. Its platform supports trades such as heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service industries.

The company’s products and services cover key business functions, including customer relationship management, lead generation, scheduling and dispatching, estimates, job management, invoicing, payments, financing, payroll, and business analytics.