Ara Mahdessian Sells 32,000 Shares of ServiceTitan (NASDAQ:TTAN) Stock

Key Points

• Ara Mahdessian, CEO of ServiceTitan, sold 32,000 shares at an average price of $97.85 on October 13th, totaling approximately $3.13 million.
• ServiceTitan reported a loss of $0.22 per share in its last quarterly earnings, missing estimates, despite a 25.5% increase in revenue compared to the previous year.
• Analysts generally have a positive outlook on ServiceTitan, with a consensus price target of $132.67 and numerous ratings indicating a "buy" or "outperform" status.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CEO Ara Mahdessian sold 32,000 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $97.85, for a total transaction of $3,131,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ara Mahdessian also recently made the following trade(s):

• On Wednesday, September 17th, Ara Mahdessian sold 3,059 shares of ServiceTitan stock. The shares were sold at an average price of $116.04, for a total value of $354,966.36.
• On Thursday, August 21st, Ara Mahdessian sold 45,185 shares of ServiceTitan stock. The shares were sold at an average price of $103.71, for a total transaction of $4,686,136.35.
• On Wednesday, August 20th, Ara Mahdessian sold 40,147 shares of ServiceTitan stock. The stock was sold at an average price of $102.71, for a total transaction of $4,123,498.37.
• On Thursday, July 17th, Ara Mahdessian sold 42,666 shares of ServiceTitan stock. The shares were sold at an average price of $112.51, for a total transaction of $4,800,351.66.

ServiceTitan Price Performance

Shares of TTAN stock traded down $2.74 during mid-day trading on Wednesday, hitting $94.27. 1,063,335 shares of the stock were exchanged, compared to its average volume of 853,128. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.07. The company has a market cap of $8.76 billion and a PE ratio of -17.46. The firm has a fifty day moving average of $106.09 and a 200 day moving average of $109.72.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.40). The business had revenue of $242.12 million for the quarter, compared to analysts' expectations of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The company's quarterly revenue was up 25.5% compared to the same quarter last year. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC restated a "buy" rating and issued a $140.00 price objective on shares of ServiceTitan in a research report on Friday, September 5th. Robert W. Baird boosted their price objective on ServiceTitan from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. BMO Capital Markets assumed coverage on ServiceTitan in a research note on Thursday, August 28th. They issued an "outperform" rating and a $129.00 price target on the stock. Citigroup lifted their price target on ServiceTitan from $111.00 to $123.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 9th. Finally, Stifel Nicolaus lifted their price target on ServiceTitan from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ServiceTitan presently has an average rating of "Moderate Buy" and a consensus target price of $132.67.

Hedge Funds Weigh In On ServiceTitan

Several large investors have recently modified their holdings of TTAN. Kayne Anderson Rudnick Investment Management LLC raised its holdings in ServiceTitan by 1,545.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock valued at $195,521,000 after buying an additional 1,930,779 shares during the period. Invesco Ltd. raised its holdings in shares of ServiceTitan by 1,388.2% in the 2nd quarter. Invesco Ltd. now owns 1,477,369 shares of the company's stock valued at $158,344,000 after buying an additional 1,378,100 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of ServiceTitan by 300,996.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,324,823 shares of the company's stock valued at $141,995,000 after buying an additional 1,324,383 shares during the period. Franklin Resources Inc. raised its holdings in shares of ServiceTitan by 148.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company's stock valued at $202,917,000 after buying an additional 1,131,062 shares during the period. Finally, Atreides Management LP purchased a new stake in shares of ServiceTitan in the 2nd quarter valued at $68,679,000.

ServiceTitan Company Profile

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.

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