FNY Investment Advisers LLC Buys New Holdings in ServiceTitan Inc. $TTAN

FNY Investment Advisers LLC bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN) in the 2nd quarter, Holdings Channel.com reports. The firm bought 2,500 shares of the company’s stock, valued at approximately $267,000.

Several other hedge funds have also bought and sold shares of the company. Woodline Partners LP lifted its stake in ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after purchasing an additional 95 shares during the last quarter. Assetmark Inc. lifted its position in ServiceTitan by 47.2% during the first quarter. Assetmark Inc. now owns 960 shares of the company’s stock worth $91,000 after acquiring an additional 308 shares during the last quarter. LRI Investments LLC acquired a new stake in ServiceTitan during the first quarter worth approximately $58,000. Envestnet Portfolio Solutions Inc. acquired a new stake in ServiceTitan during the second quarter worth approximately $273,000. Finally, Northside Capital Management LLC acquired a new stake in ServiceTitan during the second quarter worth approximately $284,000.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TTAN. Truist Financial set a $130.00 price objective on shares of ServiceTitan in a research report on Tuesday. Loop Capital upgraded shares of ServiceTitan from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $140.00 in a research report on Monday, August 18th. Citigroup raised their price objective on shares of ServiceTitan from $111.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Wells Fargo & Company raised their target price on shares of ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Canaccord Genuity Group raised their target price on shares of ServiceTitan from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ServiceTitan currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

ServiceTitan Stock Down 1.8%

Shares of TTAN opened at $94.79 on Thursday. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33. The firm’s 50 day moving average is $104.85 and its 200-day moving average is $109.66. The stock has a market capitalization of $8.81 billion and a PE ratio of -17.55. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.40). The business had revenue of $242.12 million for the quarter, compared to the consensus estimate of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The firm’s revenue was up 25.5% compared to the same quarter last year. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

Insider Activity at ServiceTitan

In related news, CEO Ara Mahdessian sold 45,185 shares of ServiceTitan stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $103.71, for a total value of $4,686,136.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Vahe Kuzoyan sold 24,598 shares of ServiceTitan stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $114.46, for a total transaction of $2,815,487.08. The disclosure for this sale can be found here. Insiders have sold 1,117,371 shares of company stock valued at $128,414,855 over the last three months. 51.72% of the stock is owned by insiders.

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.