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Bessemer Venture Partners VIII L.P. and related entities sold shares of ServiceTitan , Inc. (NASDAQ:TTAN), a software company with a market capitalization of $9.7 billion, on July 10 and July 11, 2025, for a total of $10.4 million. The sales, executed at prices ranging from $110.24 to $112.59, come as InvestingPro data shows the company maintains strong liquidity with a current ratio of 4.82x and operates with moderate debt levels.
On July 10, the Bessemer Funds—Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC—sold 45,924 shares at a weighted average price of $111.05; 38,389 shares at a weighted average price of $111.82; and 629 shares at a weighted average price of $112.59.
The following day, July 11, the same entities sold an additional 8,706 shares at a weighted average price of $110.24.
Following these transactions, Bessemer Venture Partners VIII L.P. owns 3,529,523 shares, Bessemer Venture Partners VIII Institutional L.P. holds 4,244,762 shares, 15 Angels II LLC possesses 191,810 shares, and Cloud All Star Fund, L.P. retains 189,399 shares of ServiceTitan Class A Common Stock.
In other recent news, ServiceTitan has been the focus of several analyst reviews and discussions following its financial performance and strategic developments. TD Cowen raised its price target for ServiceTitan to $145, citing a 27% revenue growth in the first quarter, which exceeded expectations. The firm also maintained a Buy rating, highlighting strong subscription revenues and increased usage metrics. Truist Securities reiterated a Buy rating with a $120 price target, expressing confidence in ServiceTitan’s potential for revenue growth and profitability, particularly in the roofing sector and through strategic expense management.
Meanwhile, Loop Capital maintained a Hold rating with a $100 price target, noting steady growth in job volume on ServiceTitan’s platform and emphasizing the company’s position in the commercial market. William Blair reiterated an Outperform rating, pointing to ServiceTitan’s end-to-end platform and its potential for operational efficiency and revenue growth. The firm believes its estimates may be conservative, given ServiceTitan’s competitive positioning and market opportunities.
These recent developments highlight ServiceTitan’s strategic focus on expanding its market share and enhancing its financial profile amid favorable market conditions and industry trends.
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