Michele O'connor Sells 1,732 Shares of ServiceTitan Inc. (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CAO Michele O'connor sold 1,732 shares of ServiceTitan stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $105.22, for a total value of $182,241.04. Following the completion of the transaction, the chief accounting officer now owns 98,936 shares in the company, valued at $10,410,045.92. This trade represents a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ServiceTitan Trading Up 2.3%

Shares of ServiceTitan stock traded up $2.40 on Thursday, reaching $106.56. 1,651,762 shares of the stock were exchanged, 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. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $131.33. The company has a 50 day simple moving average of $115.28.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $0.18 EPS 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. The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. Sell-side analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current year.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors and hedge funds have recently modified their holdings of the company. Woodline Partners LP lifted its holdings in shares of ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company's stock worth $204,000 after purchasing an additional 95 shares during the period. SBI Securities Co. Ltd. acquired a new position in ServiceTitan in the fourth quarter valued at approximately $26,000. Assetmark Inc. lifted its holdings in ServiceTitan by 47.2% in the first quarter. Assetmark Inc. now owns 960 shares of the company's stock valued at $91,000 after acquiring an additional 308 shares during the period. Harbor Investment Advisory LLC acquired a new position in ServiceTitan in the first quarter valued at approximately $31,000. Finally, LRI Investments LLC acquired a new position in ServiceTitan in the first quarter valued at approximately $58,000.

Analyst Upgrades and Downgrades

TTAN has been the topic of several analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $125.00 target price on shares of ServiceTitan in a research note on Friday, March 14th. Cowen reiterated a "buy" rating on shares of ServiceTitan in a research note on Wednesday, May 21st. Stifel Nicolaus lifted their target price on ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Canaccord Genuity Group lifted their target price on ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Finally, Robert W. Baird boosted their price target on ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $122.21.

About ServiceTitan

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.