ServiceTitan (NASDAQ:TTAN) Director William J.G. Griffith Sells 200 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN) Director William J.G. Griffith sold 200 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $63.01, for a total value of $12,602.00. Following the transaction, the director directly owned 483,550 shares of the company’s stock, valued at $30,468,485.50. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

William J.G. Griffith also recently made the following trade(s):

• On Tuesday, June 23rd, William J.G. Griffith sold 94,415 shares of ServiceTitan stock. The shares were sold at an average price of $63.43, for a total value of $5,988,743.45.

ServiceTitan Stock Performance

Shares of TTAN traded up $0.84 during midday trading on Wednesday, hitting $65.03. The company had a trading volume of 983,727 shares, compared to its average volume of 1,395,674. ServiceTitan Inc. has a 1 year low of $54.17 and a 1 year high of $119.99. The firm has a market capitalization of $6.20 billion, a P/E ratio of -44.85 and a beta of 0.13. The company’s 50-day simple moving average is $64.54 and its 200-day simple moving average is $76.17.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The firm had revenue of $268.82 million for the quarter, compared to analysts’ expectations of $257.40 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. Equities analysts predict that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of ServiceTitan in a report on Monday, June 8th. William Blair reiterated an “outperform” rating on shares of ServiceTitan in a report on Friday, March 13th. Robert W. Baird boosted their target price on ServiceTitan from $75.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. The Goldman Sachs Group cut their price objective on shares of ServiceTitan from $117.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Finally, Canaccord Genuity Group reduced their price objective on shares of ServiceTitan from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.53.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTAN. Vanguard Group Inc. grew its position in shares of ServiceTitan by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company’s stock worth $518,549,000 after acquiring an additional 439,079 shares during the last quarter. Franklin Resources Inc. boosted its stake in ServiceTitan by 33.8% during the 4th quarter. Franklin Resources Inc. now owns 2,014,025 shares of the company’s stock worth $214,494,000 after purchasing an additional 508,848 shares during the period. Artisan Partners Limited Partnership boosted its stake in ServiceTitan by 47.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,617,353 shares of the company’s stock worth $172,248,000 after purchasing an additional 519,024 shares during the period. Greenoaks Capital Partners LLC grew its position in ServiceTitan by 20.6% during the 4th quarter. Greenoaks Capital Partners LLC now owns 1,552,257 shares of the company’s stock worth $165,315,000 after purchasing an additional 264,926 shares during the last quarter. Finally, Capital International Investors grew its position in ServiceTitan by 23.9% during the 4th quarter. Capital International Investors now owns 1,224,699 shares of the company’s stock worth $130,430,000 after purchasing an additional 236,287 shares during the last quarter.

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.