ServiceTitan (NASDAQ:TTAN) CFO David Sherry Sells 833 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 833 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $91.30, for a total transaction of $76,052.90. Following the sale, the chief financial officer directly owned 330,948 shares of the company’s stock, valued at approximately $30,215,552.40. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

David Sherry also recently made the following trade(s):

• On Wednesday, January 21st, David Sherry sold 145 shares of ServiceTitan stock. The stock was sold at an average price of $88.26, for a total transaction of $12,797.70.
• On Wednesday, December 17th, David Sherry sold 11,672 shares of ServiceTitan stock. The shares were sold at an average price of $105.30, for a total transaction of $1,229,061.60.
• On Monday, November 17th, David Sherry sold 833 shares of ServiceTitan stock. The shares were sold at an average price of $86.20, for a total transaction of $71,804.60.

ServiceTitan Price Performance

NASDAQ TTAN opened at $90.59 on Friday. The firm’s fifty day simple moving average is $98.81 and its two-hundred day simple moving average is $102.94. The firm has a market capitalization of $8.48 billion and a P/E ratio of -22.20. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The firm had revenue of $249.16 million during the quarter, compared to analysts’ expectations of $238.26 million. During the same quarter last year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 25.0% on a year-over-year basis. Analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Institutional Investors Weigh In On ServiceTitan

Several hedge funds have recently added to or reduced their stakes in TTAN. Woodline Partners LP raised its stake in shares of ServiceTitan by 4.6% during the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after buying an additional 95 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in ServiceTitan by 16.1% during the third quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock worth $87,000 after acquiring an additional 119 shares during the period. Toth Financial Advisory Corp grew its holdings in ServiceTitan by 150.0% during the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after acquiring an additional 150 shares during the period. Cloud Capital Management LLC acquired a new position in ServiceTitan in the third quarter valued at approximately $25,000. Finally, eCIO Inc. acquired a new position in ServiceTitan in the fourth quarter valued at approximately $30,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TTAN shares. KeyCorp restated an “overweight” rating on shares of ServiceTitan in a report on Tuesday, December 16th. The Goldman Sachs Group started coverage on shares of ServiceTitan in a report on Tuesday, January 13th. They issued a “neutral” rating and a $117.00 price target for the company. Morgan Stanley boosted their price objective on shares of ServiceTitan from $118.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Piper Sandler reduced their target price on ServiceTitan from $155.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, December 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.31.

About ServiceTitan

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.