David Sherry Sells 5,771 Shares of ServiceTitan Inc. (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 5,771 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $105.22, for a total value of $607,224.62. Following the transaction, the chief financial officer now owns 385,308 shares of the company's stock, valued at $40,542,107.76. This represents a 1.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ServiceTitan Trading Up 2.3%

NASDAQ TTAN traded up $2.40 on Thursday, reaching $106.56. 1,651,762 shares of the stock traded hands, compared to its average volume of 1,860,590. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.07. The stock's fifty day simple moving average is $115.28. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP grew its stake in ServiceTitan by 4.6% during the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company's stock worth $204,000 after buying an additional 95 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in ServiceTitan during the 4th quarter worth $26,000. Assetmark Inc. grew its stake in ServiceTitan by 47.2% during the 1st quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after buying an additional 308 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in ServiceTitan during the 1st quarter worth $31,000. Finally, LRI Investments LLC purchased a new position in ServiceTitan during the 1st quarter worth $58,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their target price on ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, June 6th. Stifel Nicolaus lifted their target price on ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Canaccord Genuity Group raised their price target on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Piper Sandler reissued an "overweight" rating and set a $125.00 price target on shares of ServiceTitan in a research note on Friday, March 14th. Finally, Loop Capital reissued a "hold" rating and set a $100.00 price target (up from $90.00) on shares of ServiceTitan in a research note on Friday, June 6th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.