Sanctuary Advisors LLC Has $1.77 Million Holdings in ServiceTitan Inc. $TTAN

Sanctuary Advisors LLC grew its holdings in ServiceTitan Inc. (NASDAQ:TTAN) by 48.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,905 shares of the company’s stock after acquiring an additional 9,134 shares during the quarter. Sanctuary Advisors LLC’s holdings in ServiceTitan were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TTAN. Woodline Partners LP increased its position in ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after acquiring an additional 95 shares during the period. Toth Financial Advisory Corp boosted its holdings in ServiceTitan by 150.0% in the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Farther Finance Advisors LLC grew its position in ServiceTitan by 189.1% in 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 during the last quarter. PNC Financial Services Group Inc. grew its position in ServiceTitan by 21.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,042 shares of the company’s stock worth $111,000 after purchasing an additional 184 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of ServiceTitan by 30.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock valued at $96,000 after buying an additional 209 shares during the last quarter.

Insider Buying and Selling at ServiceTitan

In related news, major shareholder Iconiq Strategic Partners V, L sold 94,415 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $63.43, for a total transaction of $5,988,743.45. Following the completion of the sale, the insider directly owned 443,221 shares of the company’s stock, valued at $28,113,508.03. This trade represents a 17.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Michele O’connor sold 4,910 shares of the business’s stock in a transaction 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 directly owned 71,676 shares in the company, valued at approximately $5,800,738.68. This represents a 6.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 296,664 shares of company stock worth $19,958,797 over the last 90 days. Company insiders own 39.89% of the company’s stock.

ServiceTitan Stock Down 4.2%

Shares of TTAN stock opened at $69.90 on Thursday. The company has a market capitalization of $6.67 billion, a P/E ratio of -48.21 and a beta of 0.13. ServiceTitan Inc. has a 12-month low of $54.17 and a 12-month high of $119.99. The firm has a 50-day moving average price of $70.20 and a 200 day moving average price of $71.50.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of ServiceTitan in a research report on Wednesday, June 17th. Stifel Nicolaus set a $125.00 price target on ServiceTitan in a report on Wednesday, May 27th. Truist Financial reiterated a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of ServiceTitan in a research report on Friday, June 5th. BMO Capital Markets lifted their price objective on ServiceTitan from $92.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Finally, KeyCorp restated an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Fifteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.53.

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.