CIBC Bancorp USA Inc. Buys Shares of 842,833 ServiceTitan Inc. $TTAN

CIBC Bancorp USA Inc. purchased a new position in ServiceTitan Inc. (NASDAQ:TTAN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 842,833 shares of the company’s stock, valued at approximately $84,983,000. CIBC Bancorp USA Inc. owned 0.91% of ServiceTitan at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Woodline Partners LP increased its stake in shares of ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares in the last quarter. Bank of New York Mellon Corp lifted its position in ServiceTitan by 1,247.1% during the second quarter. Bank of New York Mellon Corp now owns 84,704 shares of the company’s stock valued at $9,079,000 after purchasing an additional 78,416 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in ServiceTitan during the second quarter valued at about $79,000. Geode Capital Management LLC grew its holdings in ServiceTitan by 0.5% during the second quarter. Geode Capital Management LLC now owns 160,975 shares of the company’s stock valued at $17,258,000 after purchasing an additional 848 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in ServiceTitan in the second quarter worth about $345,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TTAN shares. KeyCorp decreased their price objective on ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. UBS Group reissued a “buy” rating on shares of ServiceTitan in a report on Monday, December 1st. Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a research note on Monday, December 29th. TD Cowen lifted their price target on shares of ServiceTitan from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, March 13th. Finally, BTIG Research dropped their price target on shares of ServiceTitan from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.56.

Trending Headlines about ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: SPS PoolCare, the largest U.S. residential pool‑service platform, is standardizing 30+ branch locations on ServiceTitan — a sizable enterprise customer win that supports revenue scale, accelerates rollup/integration of acquired brands, and validates ServiceTitan’s traction in home‑services verticals. SPS PoolCare Expands Enterprise Technology Platform with ServiceTitan
• Positive Sentiment: One firm raised ServiceTitan’s price target to $135, a bullish analyst action that signals upside potential relative to current levels. ServiceTitan (NASDAQ:TTAN) Price Target Raised to $135.00
• Positive Sentiment: Piper Sandler reiterated an Overweight rating on TTAN, signaling continued institutional support from at least one sell‑side shop. ServiceTitan’s (TTAN) Overweight Rating Reiterated at Piper Sandler
• Neutral Sentiment: KeyCorp cut its price target to $120 — a downgrade in expected valuation but still above today’s levels, leaving mixed implications for near‑term investor sentiment. KeyCorp Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $120.00
• Neutral Sentiment: Goldman Sachs lowered its target (from $117 to $84) and moved to a Neutral rating — the call reduces upside expectations but keeps the stock within range for recovery depending on execution. Goldman Sachs Lowers Price Target on ServiceTitan
• Negative Sentiment: Several major brokers trimmed price targets across the board (Canaccord to $105; Needham to $100; Truist to $100; Citigroup to $88; Wells Fargo to $115; Morgan Stanley to $118). The cluster of cuts suggests analysts are modeling slower margin expansion or slower multiple re‑rating, which is pressuring the stock. Canaccord Genuity Group Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $105.00 Needham & Company LLC Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $100.00 Truist Financial Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $100.00 Citigroup Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $88.00 Wells Fargo & Company Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $115.00 Morgan Stanley Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $118.00

ServiceTitan Stock Performance

Shares of NASDAQ TTAN opened at $69.63 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.14 and a current ratio of 4.14. The company has a market cap of $6.52 billion, a P/E ratio of -40.48 and a beta of -0.72. The firm’s fifty day moving average is $78.20 and its two-hundred day moving average is $92.91. ServiceTitan Inc. has a 52-week low of $58.01 and a 52-week high of $131.33.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. The business had revenue of $253.99 million during the quarter, compared to the consensus estimate 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 revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. As a group, analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Insider Buying and Selling

In other ServiceTitan news, CFO David Sherry sold 833 shares of ServiceTitan stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $91.30, for a total value of $76,052.90. Following the sale, the chief financial officer owned 330,948 shares of the company’s stock, valued at $30,215,552.40. The trade was a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ara Mahdessian sold 32,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $98.50, for a total value of $3,152,000.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 49,366 shares of company stock worth $4,889,811. Corporate insiders own 51.72% of the company’s stock.

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.