Insider Selling: ServiceTitan Inc. (NASDAQ:TTAN) CFO Sells 16,630 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 16,630 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $104.65, for a total value of $1,740,329.50. Following the sale, the chief financial officer directly owned 368,678 shares of the company's stock, valued at approximately $38,582,152.70. This represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, June 18th, David Sherry sold 5,771 shares of ServiceTitan stock. The stock was sold at an average price of $105.22, for a total value of $607,224.62.

ServiceTitan Stock Down 0.4%

ServiceTitan stock traded down $0.48 during trading hours on Wednesday, hitting $108.78. The stock had a trading volume of 2,603,058 shares, compared to its average volume of 712,433. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. The firm has a fifty day simple moving average of $114.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.82 and a current ratio of 4.82.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. The business had revenue of $215.69 million for the quarter, compared to analysts' expectations of $208.61 million. The business's quarterly revenue was up 26.6% on a year-over-year basis. Analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Deer Management Co. LLC acquired a new stake in ServiceTitan during the 4th quarter valued at $925,943,000. TPG GP A LLC acquired a new position in ServiceTitan in the 4th quarter valued at $525,405,000. Battery Management Corp. purchased a new position in shares of ServiceTitan during the 4th quarter worth $496,599,000. Price T Rowe Associates Inc. MD increased its stake in ServiceTitan by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company's stock valued at $219,341,000 after purchasing an additional 32,066 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in ServiceTitan by 1,545.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock worth $195,521,000 after buying an additional 1,930,779 shares during the period.

Analysts Set New Price Targets

Several equities analysts have issued reports on TTAN shares. Stifel Nicolaus boosted their price objective on shares of ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, May 30th. TD Cowen started coverage on shares of ServiceTitan in a research note on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target on the stock. Cowen restated a "buy" rating on shares of ServiceTitan in a research report on Wednesday, May 21st. Morgan Stanley lifted their price objective on ServiceTitan from $107.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, June 6th. Finally, TD Securities increased their target price on ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ServiceTitan presently has an average rating of "Moderate Buy" and a consensus price target of $122.21.

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.