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

Sanctuary Advisors LLC boosted its position in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 48.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,905 shares of the company’s stock after buying 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 SEC filing.

A number of other hedge funds have also recently bought and sold shares of TTAN. Toth Financial Advisory Corp increased its stake in shares of 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 buying an additional 150 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of ServiceTitan by 189.1% during the fourth quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 174 shares during the period. eCIO Inc. acquired a new position in shares of ServiceTitan during the fourth quarter valued at $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 392 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in ServiceTitan by 391.0% in the fourth quarter. Sunbelt Securities Inc. now owns 491 shares of the company’s stock valued at $52,000 after acquiring an additional 391 shares during the last quarter.

Insider Transactions at ServiceTitan

In other ServiceTitan news, CAO Michele O’connor sold 10,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $69.14, for a total transaction of $691,400.00. Following the completion of the transaction, the chief accounting officer owned 81,890 shares in the company, valued at approximately $5,661,874.60. This represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William J.G. Griffith sold 94,415 shares of ServiceTitan stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $63.43, for a total value of $5,988,743.45. Following the completion of the sale, the director directly owned 443,221 shares in the company, valued at $28,113,508.03. This represents a 17.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 296,664 shares of company stock worth $19,958,797. Company insiders own 39.89% of the company’s stock.

ServiceTitan Stock Performance

Shares of TTAN opened at $69.90 on Thursday. The firm has a market cap of $6.67 billion, a P/E ratio of -48.21 and a beta of 0.13. ServiceTitan Inc. has a twelve month low of $54.17 and a twelve month high of $119.99. The firm’s 50 day moving average price is $70.20 and its two-hundred day moving average price is $71.50.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) 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 company had revenue of $268.82 million during the quarter, compared to the consensus estimate of $257.40 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. On average, sell-side analysts anticipate that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on TTAN. Truist Financial reaffirmed a “buy” rating and set a $110.00 target price (up from $100.00) on shares of ServiceTitan in a report on Friday, June 5th. Citigroup reiterated a “neutral” rating on shares of ServiceTitan in a report on Monday, June 8th. BTIG Research restated a “buy” rating and set a $110.00 target price on shares of ServiceTitan in a research report on Friday, July 10th. BMO Capital Markets lifted their price objective on shares of ServiceTitan from $92.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a report on Friday, April 24th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ServiceTitan currently has a consensus rating of “Moderate Buy” and an average price target of $110.53.

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.