New York, Feb 27, 2026, 09:36 EST — Regular session
- ServiceTitan shares down about 3% early Friday after an 11% jump in the prior session
- Goldman Sachs prime brokerage flagged heavy short positioning in software even as the group rebounds
- Market focus turns to ServiceTitan’s March 12 earnings and fiscal 2027 outlook
ServiceTitan shares were down about 3% at $71.26 in early trading on Friday, giving back part of the prior session’s sharp rise as the Nasdaq slipped about 1%.
The swing matters because software and IT services stocks have started to rebound after a steep selloff, even as hedge funds were as short as they have ever been on the sector, Goldman Sachs prime brokerage said in a note seen by Reuters. The S&P 500 software and services index is down more than 18% this year after shedding over $1.2 trillion in market value, but it rose more than 4% this week, LSEG data cited in the note showed. A short position is a bet a stock will fall.
ServiceTitan ended Thursday up 11.27% at $73.56, with about 2.26 million shares traded, according to price data. The stock has been volatile this month, swinging on sector moves rather than fresh company-specific headlines.
The company said on Feb. 5 it will report fiscal fourth-quarter and full-year results on March 12 after the market close, followed by a conference call at 5:00 p.m. ET, when it will also discuss its fiscal 2027 outlook.
ServiceTitan sells a cloud software platform aimed at contractors, covering tasks from job scheduling and dispatch to estimates, invoicing and payments. It markets the tools to trade businesses such as HVAC, plumbing and electrical services.
The stock hit an all-time low of $58.01 on Feb. 12, TradingView data show. It is down about 22% over the last month, a stretch that has kept the name on short-term traders’ screens.
ServiceTitan went public in December 2024, when its shares rose about 42% in their Nasdaq debut after pricing the IPO at $71, Reuters reported at the time. That early jump did not stick.
In its IPO paperwork, ServiceTitan said it faced competition from a mix of broad software vendors such as Salesforce and SAP, as well as more specialized field-service platforms like Jobber.
But the rebound trade has been brittle. If the broader software bounce stalls — or if ServiceTitan’s results and guidance fall short — the stock could see another sharp air pocket.
