Okay, so Sands Capital just took a $10 million bite out of ServiceTitan. February 13th, 2026, to be precise. It’s like watching a perfectly reasonable adult buy a slightly-too-expensive gadget on a whim. 89,856 shares, which, let’s be honest, sounds like a lot of anything. The transaction clocked in around $9.57 million – a solid chunk of change, even in this economy where avocado toast is apparently single-handedly destroying homeownership.
This is a new position for Sands, making up 1.85% of their U.S. equity holdings. Which, in fund-manager-speak, means it’s not nothing, but it’s not like they’ve bet the farm. It’s the 12th largest holding, so basically, it’s the middle child of the portfolio – trying to get attention, probably.
Here’s a quick rundown of what Sands is also holding, because transparency is sexy: Klayvio ($118.51M, 22.9% of AUM – apparently email marketing is still a thing), Nu Holdings ($114.86M, 22.2%), Beta Bionics ($108.78M – someone’s betting on cyborgs, I guess), Inhibikase Therapeutics ($26.69M), and DoorDash ($21.66M – because we’re all still too tired to cook).
Now, about ServiceTitan. The stock, as of February 17th, 2026, was trading at $61.00. Down 36.5% year-over-year. Ouch. Underperforming the S&P 500 by 50 percentage points. Double ouch. It’s like the stock market is sending a very clear message: “Maybe HVAC isn’t the future.” But, and this is a big but, I’m starting to think the AI panic is a bit overblown.
Let’s be real. ServiceTitan isn’t selling NFTs. It’s providing software for plumbers, electricians, the backbone of actual civilization. These aren’t jobs AI is going to steal. You think a robot is going to snake a drain? I’m picturing a Roomba with a wrench, and frankly, it’s terrifying. The people installing your furnace aren’t exactly gathering to discuss “vibecoding” their solutions. They’re probably just trying to get home for dinner.
And, of course, ServiceTitan is incorporating AI. Everyone is. It’s the corporate equivalent of wearing athleisure – you have to pretend you’re innovative, even if you’re just comfortable. But the underlying business – connecting skilled tradespeople with customers – that’s solid.
Here are the numbers, because we’re all adults here:
| Metric | Value |
|---|---|
| Price (Feb 17, 2026) | $61.00 |
| Market Cap | $5.96 Billion |
| Revenue (TTM) | $916.26 Million |
| Net Income (TTM) | ($219.06 Million) |
ServiceTitan, for the uninitiated, helps residential and commercial service businesses manage everything from scheduling to invoicing. It’s cloud-based, subscription-driven, and basically makes sure your toilet doesn’t overflow. A noble cause, if you ask me.
So, is Sands Capital’s move a good one? At six times sales, following a recent drop, it’s not crazy. Growing sales by over 25% for the last three years is impressive, even if the net income is currently resembling a black hole. The biggest red flag is stock-based compensation – currently 26% of sales. That’s…a lot. It’s like paying employees in Monopoly money. It’s sustainable for a while, but eventually, you run out of Boardwalk.
I support Sands Capital’s decision. It’s a calculated risk, and honestly, a little bit of chaos is good for the market. I’m curious to see if they double down in Q1. Because sometimes, the best investments are the ones that make you slightly uncomfortable. Like wearing white pants. Or trusting a plumber.
Read More
- 2025 Crypto Wallets: Secure, Smart, and Surprisingly Simple!
- Gold Rate Forecast
- Wuchang Fallen Feathers Save File Location on PC
- Brown Dust 2 Mirror Wars (PvP) Tier List – July 2025
- Solel Partners’ $29.6 Million Bet on First American: A Deep Dive into Housing’s Unseen Forces
- Is Taylor Swift Getting Married to Travis Kelce in Rhode Island on June 13, 2026? Here’s What We Know
- Crypto Chaos: Is Your Portfolio Doomed? 😱
- Where to Change Hair Color in Where Winds Meet
- Macaulay Culkin Finally Returns as Kevin in ‘Home Alone’ Revival
- HSR 3.7 breaks Hidden Passages, so here’s a workaround
2026-02-18 20:43