Whetstone Capital Advisors LLC Purchases New Shares in ServiceTitan Inc. $TTAN

Whetstone Capital Advisors LLC acquired a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 46,323 shares of the company’s stock, valued at approximately $3,275,000. ServiceTitan accounts for about 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Woodline Partners LP increased its position in shares of ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after buying an additional 95 shares during the period. Elevation Wealth Partners LLC boosted its position in ServiceTitan by 20.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 863 shares of the company’s stock valued at $61,000 after acquiring an additional 144 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in ServiceTitan by 21.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,042 shares of the company’s stock valued at $111,000 after acquiring an additional 184 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of ServiceTitan by 30.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock worth $96,000 after acquiring an additional 209 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of ServiceTitan by 161.7% in the 3rd quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock worth $53,000 after acquiring an additional 325 shares in the last quarter.

Insider Transactions at ServiceTitan

In related news, President Vahe Kuzoyan sold 114,732 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $88.84, for a total value of $10,192,790.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Griffith sold 94,415 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 443,221 shares in the company, valued at $28,113,508.03. This trade represents a 17.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 514,837 shares of company stock valued at $39,203,222. 39.89% of the stock is currently owned by insiders.

Key Stories Impacting ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan reported fiscal Q2 revenue of $292.8 million, up 20.9% year over year and above the roughly $285.9 million consensus estimate. Adjusted EPS of $0.40 also exceeded expectations, while record non-GAAP free cash flow of $50.5 million and a 15.2% adjusted operating margin highlighted improving profitability. ServiceTitan Announces Fiscal Second Quarter Financial Results
• Positive Sentiment: Management is emphasizing adoption of its Max platform and sees artificial intelligence as a longer-term growth driver. Several analysts maintained bullish ratings, including BTIG, Piper Sandler, KeyCorp, BMO Capital Markets, Stifel and Robert W. Baird, with price targets that remain materially above the current trading level.
• Neutral Sentiment: Analysts broadly lowered their price targets following the earnings release—while retaining buy, overweight or outperform ratings—reflecting greater caution about near-term execution rather than a wholesale change in the long-term outlook. Citigroup moved to a neutral rating and reduced its target to $76. Why ServiceTitan Stock Is Diving After Earnings Beat
• Negative Sentiment: Fiscal Q3 revenue guidance of $285 million-$287 million was slightly below the $287.8 million consensus estimate. More importantly, management said the mix shift toward Max is expected to reduce professional-services revenue by approximately $2 million over the rest of the fiscal year, raising concerns about the pace and economics of the transition.
• Negative Sentiment: A leadership transition also weighed on sentiment: Rikus Pretorius was named the next chief revenue officer, with Ross Biestman remaining through the end of the fiscal year. The change adds uncertainty around sales execution during the platform transition. ServiceTitan Names Rikus Pretorius Next Chief Revenue Officer
• Negative Sentiment: Holzer & Holzer and the Law Offices of Frank R. Cruz announced securities-fraud investigations, citing the company’s disclosure about lower professional-services revenue. These announcements may add legal and reputational overhang, although they do not establish wrongdoing. TTAN Investor Alert

ServiceTitan Trading Down 30.0%

NASDAQ TTAN opened at $57.12 on Thursday. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.60. The stock’s fifty day moving average price is $84.33 and its 200-day moving average price is $72.62. The stock has a market cap of $5.45 billion, a P/E ratio of -42.00 and a beta of 0.11.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. ServiceTitan had a negative return on equity of 5.72% and a negative net margin of 12.12%.The firm had revenue of $292.76 million during the quarter, compared to analyst estimates of $285.89 million. During the same quarter in the previous year, the firm earned $0.33 EPS. ServiceTitan’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, analysts forecast that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on TTAN shares. Robert W. Baird lowered their target price on ServiceTitan from $101.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday. Evercore set a $90.00 price objective on ServiceTitan in a report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of ServiceTitan in a research report on Wednesday. Stifel Nicolaus lowered their price objective on ServiceTitan from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Truist Financial restated a “buy” rating and set a $100.00 target price (down from $110.00) on shares of ServiceTitan in a report on Wednesday. Fourteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ServiceTitan presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

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.