ServiceTitan Inc. $TTAN Shares Sold by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP lowered its position in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 13.1% during the first quarter, HoldingsChannel reports. The firm owned 557,852 shares of the company’s stock after selling 84,071 shares during the period. Liontrust Investment Partners LLP’s holdings in ServiceTitan were worth $35,401,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of ServiceTitan by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company’s stock valued at $518,549,000 after purchasing an additional 439,079 shares during the period. Franklin Resources Inc. increased its stake in ServiceTitan by 33.8% during the 4th quarter. Franklin Resources Inc. now owns 2,014,025 shares of the company’s stock worth $214,494,000 after buying an additional 508,848 shares during the period. Artisan Partners Limited Partnership lifted its holdings in ServiceTitan by 47.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,617,353 shares of the company’s stock worth $172,248,000 after buying an additional 519,024 shares in the last quarter. Greenoaks Capital Partners LLC lifted its holdings in ServiceTitan by 20.6% in the 4th quarter. Greenoaks Capital Partners LLC now owns 1,552,257 shares of the company’s stock worth $165,315,000 after buying an additional 264,926 shares in the last quarter. Finally, Capital International Investors grew its stake in shares of ServiceTitan by 23.9% during the fourth quarter. Capital International Investors now owns 1,224,699 shares of the company’s stock valued at $130,430,000 after acquiring an additional 236,287 shares in the last quarter.

Insider Activity

In other news, CAO Michele O’connor sold 4,910 shares of ServiceTitan stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $80.93, for a total value of $397,366.30. Following the completion of the transaction, the chief accounting officer owned 71,676 shares in the company, valued at approximately $5,800,738.68. This trade represents a 6.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Byron B. Deeter sold 8,845 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $63.35, for a total value of $560,330.75. Following the completion of the sale, the director owned 13,782 shares of the company’s stock, valued at $873,089.70. This trade represents a 39.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 296,664 shares of company stock valued at $19,958,797 over the last three months. Company insiders own 39.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of ServiceTitan in a research report on Wednesday, June 17th. Citigroup reissued a “neutral” rating on shares of ServiceTitan in a report on Monday, June 8th. Piper Sandler raised their price objective on ServiceTitan from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. UBS Group restated a “buy” rating on shares of ServiceTitan in a report on Wednesday, July 22nd. Finally, Morgan Stanley upped their target price on ServiceTitan from $118.00 to $124.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Fifteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.53.

ServiceTitan Stock Performance

TTAN opened at $79.87 on Friday. The company has a market capitalization of $7.62 billion, a P/E ratio of -55.08 and a beta of 0.13. The company has a 50-day moving average of $72.04 and a 200-day moving average of $70.34. ServiceTitan Inc. has a 1-year low of $54.17 and a 1-year high of $119.99.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $268.82 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. As a group, sell-side analysts expect that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

ServiceTitan Company 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.