HBK Investments L P Takes $536,000 Position in ServiceTitan Inc. $TTAN

HBK Investments L P bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,000 shares of the company’s stock, valued at approximately $536,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of ServiceTitan by 1,005.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 392 shares during the period. PNC Financial Services Group Inc. bought a new position in ServiceTitan in the second quarter worth $79,000. Assetmark Inc. boosted its stake in ServiceTitan by 47.2% during the first quarter. Assetmark Inc. now owns 960 shares of the company’s stock worth $91,000 after buying an additional 308 shares in the last quarter. RiverPark Advisors LLC bought a new stake in ServiceTitan in the 2nd quarter valued at $104,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of ServiceTitan in the 2nd quarter valued at $204,000.

ServiceTitan Stock Up 0.7%

Shares of TTAN opened at $89.36 on Monday. The company has a market capitalization of $8.31 billion and a P/E ratio of -16.55. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The business’s 50 day simple moving average is $95.60 and its 200-day simple moving average is $105.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.40). The business had revenue of $242.12 million during the quarter, compared to the consensus estimate of $229.58 million. ServiceTitan had a negative net margin of 26.08% and a negative return on equity of 16.87%. 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, sell-side analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Insider Buying and Selling

In other ServiceTitan news, President Vahe Kuzoyan sold 16,690 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $104.81, for a total transaction of $1,749,278.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ara Mahdessian sold 46,542 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $91.40, for a total transaction of $4,253,938.80. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,121,690 shares of company stock worth $126,740,332 in the last 90 days. Corporate insiders own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of ServiceTitan from $124.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ServiceTitan in a report on Tuesday, November 25th. Stifel Nicolaus increased their target price on ServiceTitan from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Piper Sandler restated an “overweight” rating and set a $155.00 target price on shares of ServiceTitan in a research report on Friday, September 19th. Finally, KeyCorp reiterated an “overweight” rating on shares of ServiceTitan in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.73.

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.