Calamos Advisors LLC Invests $874,000 in ServiceTitan Inc. $TTAN

Calamos Advisors LLC bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,155 shares of the company’s stock, valued at approximately $874,000.

Several other large investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new position in ServiceTitan during the second quarter worth $79,000. Assetmark Inc. boosted its stake in shares of ServiceTitan by 47.2% in the first quarter. Assetmark Inc. now owns 960 shares of the company’s stock valued at $91,000 after purchasing an additional 308 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of ServiceTitan in the second quarter valued at approximately $204,000. Woodline Partners LP lifted its holdings in ServiceTitan by 4.6% during the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after buying an additional 95 shares in the last quarter. Finally, Connable Office Inc. purchased a new position in ServiceTitan in the 2nd quarter valued at approximately $219,000.

ServiceTitan Stock Up 0.4%

ServiceTitan stock opened at $89.34 on Friday. The stock has a market capitalization of $8.30 billion and a price-to-earnings ratio of -16.54. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $101.38 and a two-hundred day moving average of $107.91. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $131.33.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share 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 for the quarter, compared to analyst estimates of $229.58 million. The firm’s revenue 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. As a group, research analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Insider Activity

In related news, major shareholder Bessemer Venture Partners Viii sold 492 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $101.33, for a total transaction of $49,854.36. Following the completion of the transaction, the insider directly owned 7,089,795 shares of the company’s stock, valued at $718,408,927.35. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Vahe Kuzoyan sold 16,388 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $92.03, for a total transaction of $1,508,187.64. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,206,189 shares of company stock worth $135,478,162 over the last quarter. Insiders own 51.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TTAN. Piper Sandler restated an “overweight” rating and set a $155.00 price target on shares of ServiceTitan in a report on Friday, September 19th. Citigroup upped their target price on shares of ServiceTitan from $111.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Loop Capital upgraded shares of ServiceTitan from a “hold” rating to a “buy” rating and upped their price objective for the company from $100.00 to $140.00 in a research note on Monday, August 18th. Wells Fargo & Company raised their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Robert W. Baird lifted their target price on ServiceTitan from $124.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, ServiceTitan has a consensus rating of “Moderate Buy” and an average price target of $132.67.

About ServiceTitan

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.