160,762 Shares in ServiceTitan Inc. $TTAN Acquired by Huntington National Bank

Huntington National Bank bought a new position in ServiceTitan Inc. (NASDAQ:TTAN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 160,762 shares of the company’s stock, valued at approximately $16,210,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of ServiceTitan by 538.4% during the third quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock worth $446,670,000 after purchasing an additional 3,735,968 shares during the last quarter. JPMorgan Chase & Co. lifted its position in ServiceTitan by 118.4% during the third quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company’s stock worth $291,798,000 after buying an additional 1,569,136 shares during the period. Franklin Resources Inc. boosted its stake in ServiceTitan by 148.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock worth $202,917,000 after buying an additional 1,131,062 shares during the last quarter. Invesco Ltd. boosted its stake in ServiceTitan by 1,388.2% in the 2nd quarter. Invesco Ltd. now owns 1,477,369 shares of the company’s stock worth $158,344,000 after buying an additional 1,378,100 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in ServiceTitan by 116.6% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,098,329 shares of the company’s stock valued at $110,745,000 after buying an additional 591,213 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of ServiceTitan from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a report on Monday, December 1st. BMO Capital Markets lifted their price objective on ServiceTitan from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. KeyCorp reiterated an “overweight” rating on shares of ServiceTitan in a research note on Tuesday, December 16th. Finally, TD Cowen reaffirmed a “buy” rating on shares of ServiceTitan in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

Insider Buying and Selling

In other ServiceTitan news, President Vahe Kuzoyan sold 16,388 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $100.62, for a total value of $1,648,960.56. Following the sale, the president directly owned 1 shares of the company’s stock, valued at $100.62. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ara Mahdessian sold 32,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $98.50, for a total value of $3,152,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 216,371 shares of company stock valued at $22,700,994 over the last quarter. Company insiders own 51.72% of the company’s stock.

ServiceTitan Trading Down 1.6%

ServiceTitan stock opened at $72.39 on Friday. ServiceTitan Inc. has a 1 year low of $58.01 and a 1 year high of $131.33. The firm’s 50-day moving average is $85.45 and its 200-day moving average is $95.36. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.14 and a current ratio of 4.14. The company has a market cap of $6.78 billion, a P/E ratio of -17.74 and a beta of -0.86.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The firm had revenue of $249.16 million for the quarter, compared to analyst estimates of $238.26 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. ServiceTitan’s quarterly revenue was up 25.0% on a year-over-year basis. On average, equities analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

About ServiceTitan

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.