Bullseye Asset Management LLC Purchases 12,000 Shares of ServiceTitan Inc. $TTAN

Bullseye Asset Management LLC lifted its position in ServiceTitan Inc. (NASDAQ:TTAN) by 122.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,836 shares of the company’s stock after purchasing an additional 12,000 shares during the quarter. Bullseye Asset Management LLC’s holdings in ServiceTitan were worth $2,325,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Toth Financial Advisory Corp grew its holdings in shares of ServiceTitan by 150.0% in the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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. eCIO Inc. bought a new stake in shares of ServiceTitan in the 4th quarter worth about $30,000. Elevation Wealth Partners LLC bought a new stake in shares of ServiceTitan in the 4th quarter worth about $36,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of ServiceTitan by 1,005.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 392 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on TTAN. Truist Financial reaffirmed a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of ServiceTitan in a report on Friday, June 5th. William Blair reaffirmed an “outperform” rating on shares of ServiceTitan in a report on Friday, March 13th. Robert W. Baird upped their price target on shares of ServiceTitan from $75.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. The Goldman Sachs Group reduced their price target on shares of ServiceTitan from $117.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Finally, BTIG Research upped their price target on shares of ServiceTitan from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.53.

ServiceTitan Stock Down 2.2%

Shares of NASDAQ TTAN opened at $66.77 on Friday. The firm’s 50-day simple moving average is $64.04 and its 200 day simple moving average is $77.49. The company has a market cap of $6.37 billion, a price-to-earnings ratio of -46.05 and a beta of 0.13. ServiceTitan Inc. has a 12-month low of $54.17 and a 12-month high of $119.99.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results 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 business had revenue of $268.82 million for the quarter, compared to the consensus estimate of $257.40 million. During the same quarter in the prior year, the company earned $0.18 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. On average, equities analysts expect that ServiceTitan Inc. will post -0.54 earnings per share for the current year.

Insider Buying and Selling at ServiceTitan

In other news, CAO Michele O’connor sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $69.14, for a total value of $691,400.00. Following the transaction, the chief accounting officer owned 81,890 shares of the company’s stock, valued at approximately $5,661,874.60. This trade represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ara Mahdessian sold 2,288 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total transaction of $159,839.68. Following the completion of the transaction, the chief executive officer directly owned 1 shares in the company, valued at $69.86. This trade represents a 99.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,440 shares of company stock worth $2,972,868 over the last quarter. Company insiders own 39.89% of the company’s stock.

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.