Mosaic Family Wealth Partners LLC Invests $9.65 Million in ServiceTitan Inc. $TTAN

Mosaic Family Wealth Partners LLC purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 90,028 shares of the company’s stock, valued at approximately $9,649,000. ServiceTitan makes up approximately 1.2% of Mosaic Family Wealth Partners LLC’s holdings, making the stock its 15th largest position. Mosaic Family Wealth Partners LLC owned approximately 0.10% of ServiceTitan as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of ServiceTitan in the first quarter valued at $598,000. New York State Common Retirement Fund grew its position in ServiceTitan by 52.0% in the first quarter. New York State Common Retirement Fund now owns 54,552 shares of the company’s stock worth $5,188,000 after acquiring an additional 18,663 shares in the last quarter. Victory Capital Management Inc. increased its position in ServiceTitan by 20.0% during the first quarter. Victory Capital Management Inc. now owns 121,850 shares of the company’s stock worth $11,589,000 after buying an additional 20,270 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of ServiceTitan by 383.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 10,692 shares of the company’s stock valued at $1,017,000 after acquiring an additional 8,481 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in ServiceTitan by 47.2% during 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 last quarter.

Insider Buying and Selling

In related news, major shareholder Bessemer Venture Partners Viii sold 492 shares of ServiceTitan stock in a transaction on 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 owned 7,089,795 shares of the company’s stock, valued at $718,408,927.35. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Sherry sold 853 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $96.39, for a total transaction of $82,220.67. Following the sale, the chief financial officer directly owned 346,785 shares of the company’s stock, valued at approximately $33,426,606.15. This trade represents a 0.25% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,206,189 shares of company stock worth $135,478,162. Corporate insiders own 51.72% of the company’s stock.

ServiceTitan Stock Performance

Shares of ServiceTitan stock opened at $89.34 on Monday. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. The company has a 50 day moving average of $101.38 and a 200-day moving average of $107.77. 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 company has a market cap of $8.30 billion and a PE ratio of -16.54.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on TTAN shares. BMO Capital Markets assumed coverage on shares of ServiceTitan in a research note on Thursday, August 28th. They set an “outperform” rating and a $129.00 target price for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of ServiceTitan in a report on Thursday. Morgan Stanley lifted their price target on shares of ServiceTitan from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Raymond James Financial assumed coverage on shares of ServiceTitan in a research note on Friday, August 29th. They issued a “market perform” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 target price on shares of ServiceTitan in a research note on Friday, September 5th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.