New York, October 15 /PRNewswire/ -- Pomerantz LLP announces that it is investigating claims on behalf of investors of ServiceTitan, Inc. (“ServiceTitan” or the “Company”) (NASDAQ: TTAN). Investors who wish to discuss their rights are encouraged to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
This investigation concerns whether ServiceTitan and certain of its executives and/or directors engaged in securities fraud or other unlawful business practices.
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On September 8, 2026, ServiceTitan announced its second-quarter financial results for fiscal year 2027. Among other matters, the company stated: “Due to the significant change management required for Max—ServiceTitan’s AI-driven enterprise software suite—we typically do not charge subscription fees in the first quarter of additional Max contracts, and we have also chosen not to charge onboarding fees when existing customers transition to Max. As a result, we expect both our platform revenue and professional services revenue growth to slow for the remainder of fiscal year 2027.” The company also stated: “We anticipate that the structural shift to Max will further reduce professional services revenue by approximately $2 million for the remainder of this fiscal year, which will, of course, also impact professional services gross margin.”
Affected by this news, ServiceTitan's stock price dropped $24.46, or 29.98%, closing at $57.12 per share on September 9, 2026.
Pomerantz LLP has offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, and is recognized as one of the leading law firms in corporate law, securities law, and antitrust class actions. Founded by the late Abraham L. Pomerantz, known as the “Dean” of class action lawyers and a pioneer in the field of securities class actions, Pomerantz continues its legacy more than 85 years later by fighting for the rights of victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The firm has secured millions of dollars in recoveries for class members. See www.pomlaw.com.
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Contact Information:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980