ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 5,771 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $105.22, for a total value of $607,224.62. Following the sale, the chief financial officer now owns 385,308 shares in the company, valued at $40,542,107.76. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ServiceTitan Stock Performance
NASDAQ TTAN traded up $1.97 on Tuesday, reaching $105.94. The stock had a trading volume of 1,890,030 shares, compared to its average volume of 1,774,666. The firm has a 50 day simple moving average of $115.81. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.82 and a quick ratio of 4.82.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The firm had revenue of $215.69 million for the quarter, compared to analyst estimates of $208.61 million. ServiceTitan's revenue for the quarter was up 26.6% on a year-over-year basis. Analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have commented on TTAN shares. Canaccord Genuity Group lifted their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. KeyCorp lifted their price objective on shares of ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Cowen reiterated a "buy" rating on shares of ServiceTitan in a report on Wednesday, May 21st. TD Cowen began coverage on shares of ServiceTitan in a report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 target price for the company. Finally, Stifel Nicolaus upped their price target on shares of ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.21.
Get Our Latest Report on ServiceTitan
Hedge Funds Weigh In On ServiceTitan
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTAN. Deer Management Co. LLC acquired a new position in ServiceTitan in the fourth quarter valued at approximately $925,943,000. TPG GP A LLC bought a new stake in shares of ServiceTitan during the fourth quarter worth $525,405,000. Battery Management Corp. bought a new stake in shares of ServiceTitan during the fourth quarter worth $496,599,000. Price T Rowe Associates Inc. MD grew its position 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 in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in ServiceTitan by 1,545.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock valued at $195,521,000 after purchasing an additional 1,930,779 shares in the last quarter.
About ServiceTitan
(
Get Free Report)
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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