Littlejohn & Co. LLC Makes New Investment in ServiceTitan Inc. $TTAN

Littlejohn & Co. LLC purchased a new position in ServiceTitan Inc. (NASDAQ:TTAN) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 184,844 shares of the company’s stock, valued at approximately $19,686,000. ServiceTitan makes up approximately 10.3% of Littlejohn & Co. LLC’s holdings, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTAN. Woodline Partners LP increased its position in ServiceTitan by 4.6% in the first 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. Cetera Investment Advisers purchased a new stake in ServiceTitan in the second quarter worth about $345,000. Russell Investments Group Ltd. purchased a new stake in ServiceTitan in the second quarter worth about $500,000. Northwestern Mutual Wealth Management Co. increased its position in ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 392 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in ServiceTitan in the second quarter worth about $393,000.

Key Stories Impacting ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan posted strong fiscal Q1 results, with revenue and earnings both beating estimates and year-over-year growth remaining solid, reinforcing the company’s momentum. ServiceTitan Announces Fiscal First Quarter Financial Results
• Positive Sentiment: Management raised revenue guidance for both Q2 and fiscal 2027, suggesting demand remains healthy and the business is tracking ahead of prior expectations. ServiceTitan Announces Fiscal First Quarter Financial Results
• Positive Sentiment: Multiple analysts turned more bullish after the print, including TD Cowen raising its target to $125 and BMO, BTIG, and Piper Sandler also lifting price targets, which helped support the stock. Benzinga
• Neutral Sentiment: Some commentary remains cautious despite the strong quarter, noting that GAAP losses and stock-based compensation still weigh on near-term profitability. ServiceTitan Q1: I Like The Company, Not The Stock

Insider Transactions at ServiceTitan

In related news, President Vahe Kuzoyan sold 3,220 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total transaction of $224,949.20. Following the completion of the transaction, the president directly owned 1 shares of the company’s stock, valued at approximately $69.86. This represents a 99.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Sherry sold 17,778 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total value of $1,241,971.08. Following the transaction, the chief financial officer directly owned 313,025 shares of the company’s stock, valued at approximately $21,867,926.50. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,440 shares of company stock valued at $2,281,468 in the last ninety days. Corporate insiders own 39.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TTAN. KeyCorp restated an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Truist Financial reaffirmed a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of ServiceTitan in a research note on Friday. BTIG Research upped their price objective on ServiceTitan from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group dropped their price objective on ServiceTitan from $117.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Finally, Citigroup dropped their price objective on ServiceTitan from $117.00 to $88.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, ServiceTitan has an average rating of “Moderate Buy” and an average target price of $112.93.

ServiceTitan Stock Up 4.1%

NASDAQ TTAN opened at $77.40 on Friday. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of -53.38 and a beta of 0.13. The business has a 50-day moving average price of $63.24 and a 200-day moving average price of $78.04. ServiceTitan Inc. has a twelve month low of $54.17 and a twelve month high of $119.99.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $268.82 million during the quarter, compared to analyst estimates of $257.40 million. ServiceTitan had a negative return on equity of 5.64% and a negative net margin of 13.44%.The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. Research analysts expect that ServiceTitan Inc. will post -0.62 EPS for the current fiscal 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.