Mission Creek Capital Partners Inc. Invests $995,000 in ServiceTitan Inc. $TTAN

Mission Creek Capital Partners Inc. bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,281 shares of the company’s stock, valued at approximately $995,000.

A number of other institutional investors have also recently bought and sold shares of the business. Lazard Asset Management LLC bought a new stake in ServiceTitan in the second quarter valued at approximately $99,000. HRT Financial LP bought a new position in shares of ServiceTitan during the 2nd quarter worth approximately $10,769,000. Holocene Advisors LP acquired a new position in shares of ServiceTitan during the 2nd quarter worth approximately $20,364,000. Hound Partners LLC bought a new stake in ServiceTitan in the 2nd quarter valued at $2,144,000. Finally, Hudson Bay Capital Management LP bought a new stake in ServiceTitan in the 2nd quarter valued at $2,144,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TTAN shares. UBS Group reiterated a “buy” rating on shares of ServiceTitan in a report on Monday, December 1st. KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a report on Friday, November 21st. Robert W. Baird upped their price target on shares of ServiceTitan from $124.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. BMO Capital Markets increased their price target on shares of ServiceTitan from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, Raymond James Financial assumed coverage on shares of ServiceTitan in a research report on Friday, August 29th. They set a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.53.

Insider Activity

In related news, CFO David Sherry sold 833 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $86.20, for a total value of $71,804.60. Following the completion of the sale, the chief financial officer directly owned 345,952 shares in the company, valued at approximately $29,821,062.40. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ara Mahdessian sold 42,666 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $106.85, for a total value of $4,558,862.10. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 510,569 shares of company stock worth $53,024,237. Corporate insiders own 51.72% of the company’s stock.

ServiceTitan Trading Down 1.8%

TTAN stock opened at $104.07 on Friday. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $131.33. The company has a market capitalization of $9.67 billion and a PE ratio of -25.51. The company’s 50-day simple moving average is $94.91 and its 200 day simple moving average is $104.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.49 and a current ratio of 4.14.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The business had revenue of $249.16 million during the quarter, compared to analysts’ expectations of $238.26 million. During the same quarter in the previous year, the company earned $0.75 EPS. The business’s revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

ServiceTitan Company 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.