Diker Management LLC Has $1.07 Million Stock Position in ServiceTitan Inc. $TTAN

Diker Management LLC lowered its position in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 56.5% in the fourth quarter, HoldingsChannel reports. The firm owned 10,000 shares of the company’s stock after selling 13,000 shares during the period. ServiceTitan makes up approximately 0.8% of Diker Management LLC’s investment portfolio, making the stock its 18th biggest holding. Diker Management LLC’s holdings in ServiceTitan were worth $1,065,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Toth Financial Advisory Corp increased its position in shares of ServiceTitan by 150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 174 shares in the last quarter. eCIO Inc. acquired a new stake in shares of ServiceTitan during the 4th quarter worth about $30,000. Elevation Wealth Partners LLC acquired a new stake in shares of ServiceTitan during the 4th quarter worth about $36,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 392 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a report on Tuesday, May 26th. William Blair reissued an “outperform” rating on shares of ServiceTitan in a report on Friday, March 13th. Truist Financial reissued a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of ServiceTitan in a report on Friday, June 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of ServiceTitan in a report on Friday, April 24th. Finally, BMO Capital Markets increased their price objective on shares of ServiceTitan from $92.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.53.

ServiceTitan Trading Down 3.2%

Shares of NASDAQ TTAN opened at $66.57 on Wednesday. The firm has a market capitalization of $6.35 billion, a PE ratio of -45.91 and a beta of 0.13. ServiceTitan Inc. has a 1 year low of $54.17 and a 1 year high of $119.99. The firm’s 50-day moving average is $64.23 and its 200-day moving average is $77.10.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. The company had revenue of $268.82 million for the quarter, compared to analyst estimates of $257.40 million. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. As a group, equities research analysts anticipate that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Michele O’connor sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $69.14, for a total value of $691,400.00. Following the transaction, the chief accounting officer owned 81,890 shares of the company’s stock, valued at approximately $5,661,874.60. This trade represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 39.89% of the company’s stock.

ServiceTitan Profile

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.