Vahe Kuzoyan Sells 114,732 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) President Vahe Kuzoyan sold 114,732 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $88.84, for a total value of $10,192,790.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vahe Kuzoyan also recently made the following trade(s):

• On Wednesday, August 12th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The shares were sold at an average price of $88.95, for a total value of $1,457,712.60.
• On Wednesday, June 17th, Vahe Kuzoyan sold 3,208 shares of ServiceTitan stock. The shares were sold at an average price of $66.19, for a total value of $212,337.52.

ServiceTitan Price Performance

ServiceTitan stock opened at $90.40 on Friday. The stock has a market capitalization of $8.62 billion, a PE ratio of -62.34 and a beta of 0.02. The business has a 50 day simple moving average of $75.93 and a 200-day simple moving average of $70.02. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.99.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The firm had revenue of $268.82 million for the quarter, compared to analyst estimates of $257.40 million. During the same quarter last year, the firm posted $0.18 EPS. The business’s revenue was up 24.6% on a year-over-year basis. On average, equities research analysts anticipate that ServiceTitan Inc. will post -0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On ServiceTitan

Large investors have recently modified their holdings of the business. Woodline Partners LP raised its position in shares of ServiceTitan by 4.6% in the first 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. Cetera Investment Advisers purchased a new stake in ServiceTitan during the 2nd quarter valued at about $345,000. Russell Investments Group Ltd. purchased a new stake in ServiceTitan during the 2nd quarter valued at about $500,000. Northwestern Mutual Wealth Management Co. raised its holdings in ServiceTitan by 1,005.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 392 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ServiceTitan in the 2nd quarter valued at about $393,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TTAN. Stifel Nicolaus set a $125.00 target price on shares of ServiceTitan in a research report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of ServiceTitan in a research report on Wednesday, June 17th. KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research note on Tuesday, May 26th. Citigroup reiterated a “neutral” rating on shares of ServiceTitan in a report on Monday, June 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a research note on Tuesday, July 21st. Fifteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $111.00.

ServiceTitan Company Profile

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.