ICONIQ Capital LLC Sells 2,432,257 Shares of ServiceTitan Inc. $TTAN

ICONIQ Capital LLC reduced its holdings in ServiceTitan Inc. (NASDAQ:TTAN) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,527,632 shares of the company’s stock after selling 2,432,257 shares during the quarter. ServiceTitan makes up about 14.4% of ICONIQ Capital LLC’s portfolio, making the stock its 3rd largest holding. ICONIQ Capital LLC owned about 12.40% of ServiceTitan worth $1,162,331,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of ServiceTitan by 538.4% during the third quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock worth $446,670,000 after purchasing an additional 3,735,968 shares during the period. JPMorgan Chase & Co. increased its holdings in ServiceTitan by 118.4% in the third quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company’s stock valued at $291,798,000 after purchasing an additional 1,569,136 shares during the period. Franklin Resources Inc. increased its holdings in ServiceTitan by 148.4% in the second quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock valued at $202,917,000 after purchasing an additional 1,131,062 shares during the period. Invesco Ltd. raised its position in ServiceTitan by 1,388.2% during the 2nd quarter. Invesco Ltd. now owns 1,477,369 shares of the company’s stock worth $158,344,000 after purchasing an additional 1,378,100 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in ServiceTitan by 116.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,098,329 shares of the company’s stock worth $110,745,000 after purchasing an additional 591,213 shares during the last quarter.

Key Stories Impacting ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: Q4 results showed continued revenue growth and an EPS beat: revenue ~ $254M (+21% YoY) and reported EPS of $0.27, topping consensus. This supports demand for ServiceTitan’s core platform. Earnings Summary
• Positive Sentiment: Management named Abhishek Mathur as Chief Technology & Product Officer to lead AI‑first product strategy — a strategic hire that could accelerate product differentiation and monetization. Appointment Release
• Neutral Sentiment: Company provided Q1 revenue guidance of roughly $255–257M and FY revenue guidance near ~$1.1B (roughly in line with consensus), reducing surprise risk on top‑line but leaving EPS guidance interpretation mixed. Press Release / Slide Deck
• Neutral Sentiment: Full Q4 earnings call transcript and highlight writeups are available for investors looking for management color on growth, margins and 2027 assumptions. Earnings Call Transcript
• Negative Sentiment: Widespread analyst price‑target cuts and lower/stable ratings pressured sentiment today. Examples include Citigroup cut to $88 (neutral), Canaccord to $105 (buy), Truist to $100 (buy), Morgan Stanley to $118 (overweight), Needham to $100, BMO to $92, Wells Fargo to $115 and KeyCorp to $120 — a net shift toward lower near‑term upside expectations. Analyst Actions
• Negative Sentiment: Despite the top‑line beat, GAAP operating and net losses remain; several notes and market writeups characterize the quarter as “mixed” and flag the firm’s continued unprofitability, which increases short‑term volatility risk. Analysis: Mixed Results
• Negative Sentiment: High insider selling activity and reports of heavy option speculation / trading may amplify downside pressure and volume volatility. Quiver Quant: Trading & Insider Notes

Insider Transactions at ServiceTitan

In related news, CFO David Sherry sold 833 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $91.30, for a total transaction of $76,052.90. Following the transaction, the chief financial officer directly owned 330,948 shares of the company’s stock, valued at approximately $30,215,552.40. This represents a 0.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michele O’connor sold 1,678 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total value of $176,693.40. Following the completion of the transaction, the chief accounting officer owned 89,571 shares in the company, valued at approximately $9,431,826.30. The trade was a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 68,792 shares of company stock valued at $6,935,369. 51.72% of the stock is currently owned by corporate insiders.

ServiceTitan Trading Down 6.4%

TTAN opened at $70.80 on Monday. ServiceTitan Inc. has a 1-year low of $58.01 and a 1-year high of $131.33. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.63 billion, a P/E ratio of -41.16 and a beta of -0.71. The company has a fifty day moving average price of $79.42 and a two-hundred day moving average price of $93.44.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.09. The firm had revenue of $253.99 million for the quarter, compared to analyst estimates of $245.47 million. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.91%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. Analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TTAN shares. BMO Capital Markets reduced their price target on ServiceTitan from $108.00 to $92.00 and set an “outperform” rating on the stock in a research report on Friday. TD Cowen raised their price objective on ServiceTitan from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a research note on Monday, December 1st. Stifel Nicolaus reduced their target price on ServiceTitan from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Friday. Finally, Piper Sandler reissued an “overweight” rating and set a $120.00 target price on shares of ServiceTitan in a research report on Friday. Sixteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.63.

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.