ServiceTitan (NASDAQ:TTAN) CAO Sells $318,507.67 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,581 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $57.07, for a total transaction of $318,507.67. Following the sale, the chief accounting officer owned 66,095 shares of the company’s stock, valued at $3,772,041.65. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michele O’connor also recently made the following trade(s):

• On Wednesday, September 23rd, Michele O’connor sold 4,380 shares of ServiceTitan stock. The shares were sold at an average price of $61.35, for a total value of $268,713.00.
• On Tuesday, July 7th, Michele O’connor sold 4,910 shares of ServiceTitan stock. The stock was sold at an average price of $80.93, for a total value of $397,366.30.

ServiceTitan Stock Performance

NASDAQ TTAN opened at $61.65 on Thursday. The stock has a 50-day simple moving average of $80.08 and a 200 day simple moving average of $71.67. ServiceTitan Inc. has a twelve month low of $53.00 and a twelve month high of $111.36. The stock has a market capitalization of $5.95 billion, a PE ratio of -45.33 and a beta of 0.11.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $292.76 million for the quarter, compared to analyst estimates of $285.89 million. ServiceTitan had a negative return on equity of 5.65% and a negative net margin of 12.12%.The company’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, equities research analysts forecast that ServiceTitan Inc. will post -0.53 EPS for the current fiscal year.

ServiceTitan News Summary

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan is partnering to expand further into roofing software, supporting management’s strategy of entering additional contractor trades and broadening its addressable market. ServiceTitan partners to push deeper into roofing software
• Positive Sentiment: Analysts still collectively rate TTAN “Moderate Buy,” with a consensus price target substantially above the current trading level. The company’s latest reported quarter also exceeded consensus estimates for both adjusted EPS and revenue, with revenue up 20.9% year over year.
• Neutral Sentiment: ServiceTitan insiders—including CEO Ara Mahdessian, President Vahe Kuzoyan, CFO David Sherry and CAO Michele O’Connor—reported stock sales. Most earlier transactions were identified as sales to cover tax withholding on vested equity awards, limiting their significance as a discretionary bearish signal. O’Connor’s latest sale totaled approximately $269,000, leaving her with 61,715 shares. ServiceTitan insider sale SEC filing
• Negative Sentiment: The primary pressure on ServiceTitan (TTAN) is fallout from its September 9 quarterly disclosure. Investors reacted sharply to unexpected revenue-recognition timing differences and slower year-over-year revenue growth, raising questions about the company’s reported growth trajectory and contributing to the stock’s steep decline. ServiceTitan revenue timing and growth concerns
• Negative Sentiment: Bleichmar Fonti & Auld and Pomerantz announced investigations into potential securities-law violations involving ServiceTitan, including disclosures related to growth, artificial-intelligence initiatives and the Max platform. The investigations do not establish wrongdoing, but they add legal, reputational and headline risk. ServiceTitan securities-fraud investigation

Analyst Ratings Changes

TTAN has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of ServiceTitan from $101.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 9th. Morgan Stanley decreased their price target on shares of ServiceTitan from $124.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. Citigroup dropped their price objective on shares of ServiceTitan from $83.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, September 9th. Stifel Nicolaus cut their price objective on shares of ServiceTitan from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, September 9th. Finally, BMO Capital Markets reduced their target price on shares of ServiceTitan from $103.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, September 9th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ServiceTitan has an average rating of “Moderate Buy” and a consensus target price of $96.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of ServiceTitan in the 4th quarter valued at approximately $112,678,000. Madison Asset Management LLC acquired a new position in shares of ServiceTitan in the 2nd quarter worth approximately $56,118,000. Artisan Partners Limited Partnership lifted its position in shares of 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 buying an additional 519,024 shares during the period. Franklin Resources Inc. lifted its position in shares of 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 buying an additional 508,848 shares during the period. Finally, Natixis Advisors LLC acquired a new stake in ServiceTitan in the 4th quarter valued at $39,174,000.

ServiceTitan Company Profile

ServiceTitan, Inc develops cloud-based software designed to help residential and commercial contractors manage and grow their businesses. Its platform supports trades such as heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service industries.

The company’s products and services cover key business functions, including customer relationship management, lead generation, scheduling and dispatching, estimates, job management, invoicing, payments, financing, payroll, and business analytics.