ServiceTitan Inc. $TTAN Shares Sold by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC trimmed its position in shares of ServiceTitan Inc. (NASDAQ:TTAN) by 50.8% in the third quarter, Holdings Channel.com reports. The firm owned 44,308 shares of the company’s stock after selling 45,720 shares during the period. ServiceTitan comprises approximately 0.5% of Mosaic Family Wealth Partners LLC’s investment portfolio, making the stock its 24th largest position. Mosaic Family Wealth Partners LLC’s holdings in ServiceTitan were worth $4,563,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in shares of ServiceTitan during the third quarter valued at about $25,000. 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 purchasing an additional 392 shares during the last quarter. Whittier Trust Co. acquired a new stake in ServiceTitan during the 3rd quarter valued at approximately $52,000. PNC Financial Services Group Inc. purchased a new stake in ServiceTitan during the 2nd quarter worth approximately $79,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in ServiceTitan during the 2nd quarter worth approximately $94,000.

Insider Buying and Selling

In other ServiceTitan news, CFO David Sherry sold 11,672 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total value of $1,229,061.60. Following the sale, the chief financial officer directly owned 331,781 shares of the company’s stock, valued at $34,936,539.30. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Vahe Kuzoyan sold 16,388 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $102.82, for a total value of $1,685,014.16. The disclosure for this sale is available in the SEC filing. Insiders have sold 216,371 shares of company stock valued at $22,700,994 in the last 90 days. Corporate insiders own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTAN. Wells Fargo & Company reduced their target price on ServiceTitan from $140.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. UBS Group reiterated a “buy” rating on shares of ServiceTitan in a research note on Monday, December 1st. Piper Sandler decreased their price objective on shares of ServiceTitan from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. BMO Capital Markets upped their target price on shares of ServiceTitan from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Finally, The Goldman Sachs Group initiated coverage on shares of ServiceTitan in a research report on Tuesday, January 13th. They set a “neutral” rating and a $117.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.13.

ServiceTitan Price Performance

TTAN opened at $72.39 on Friday. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $85.45 and its 200 day moving average price is $95.39. ServiceTitan Inc. has a fifty-two week low of $58.01 and a fifty-two week high of $131.33. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of -17.74 and a beta of -0.86.

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

ServiceTitan Company 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.