Insider Selling: ServiceTitan (NASDAQ:TTAN) CFO Sells $817,470.00 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 9,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $90.83, for a total value of $817,470.00. Following the transaction, the chief financial officer owned 386,757 shares in the company, valued at $35,129,138.31. This trade represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 17th, David Sherry sold 20,192 shares of ServiceTitan stock. The stock was sold at an average price of $66.19, for a total value of $1,336,508.48.

ServiceTitan Price Performance

TTAN opened at $95.02 on Thursday. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.99. The business has a 50-day moving average of $77.12 and a two-hundred day moving average of $69.92. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of -65.53 and a beta of 0.02.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, topping 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 business had revenue of $268.82 million for the quarter, compared to analyst estimates of $257.40 million. During the same period in the prior year, the firm posted $0.18 EPS. The company’s revenue was up 24.6% on a year-over-year basis. Equities research analysts anticipate that ServiceTitan Inc. will post -0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TTAN. TD Cowen increased their price target on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Stifel Nicolaus set a $125.00 price objective on ServiceTitan in a report on Wednesday, May 27th. BTIG Research restated a “buy” rating and set a $110.00 price objective on shares of ServiceTitan in a report on Friday, July 10th. Citigroup reaffirmed a “neutral” rating on shares of ServiceTitan in a research report on Monday, June 8th. Finally, Robert W. Baird lifted their target price on ServiceTitan from $94.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Fourteen 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. According to MarketBeat, ServiceTitan presently has an average rating of “Moderate Buy” and a consensus target price of $108.93.

Institutional Trading of ServiceTitan

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of ServiceTitan by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company’s stock worth $518,549,000 after buying an additional 439,079 shares during the period. Renaissance Capital LLC raised its holdings in shares of ServiceTitan by 222.8% during the 4th quarter. Renaissance Capital LLC now owns 41,223 shares of the company’s stock valued at $4,390,000 after buying an additional 28,454 shares during the period. Comerica Bank raised its holdings in shares of ServiceTitan by 372.3% during the 4th quarter. Comerica Bank now owns 26,513 shares of the company’s stock valued at $2,824,000 after buying an additional 20,899 shares during the period. Robeco Schweiz AG lifted its position in ServiceTitan by 35.3% during the 4th quarter. Robeco Schweiz AG now owns 83,200 shares of the company’s stock worth $8,861,000 after acquiring an additional 21,700 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new position in ServiceTitan during the 4th quarter worth approximately $39,174,000.

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.