Insider Selling: ServiceTitan Inc. (NASDAQ:TTAN) CAO Sells 1,732 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CAO Michele O'connor sold 1,732 shares of ServiceTitan stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $105.22, for a total transaction of $182,241.04. Following the transaction, the chief accounting officer now directly owns 98,936 shares in the company, valued at $10,410,045.92. This represents a 1.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

ServiceTitan Price Performance

Shares of TTAN stock traded down $0.42 during mid-day trading on Monday, hitting $103.97. The company had a trading volume of 1,043,617 shares, compared to its average volume of 637,002. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33. The company has a 50 day simple moving average of $116.03. 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 announced its quarterly earnings results on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $215.69 million during the quarter, compared to the consensus estimate of $208.61 million. The business's revenue was up 26.6% compared to the same quarter last year. On average, equities analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Institutional Investors Weigh In On ServiceTitan

Several large investors have recently bought and sold shares of TTAN. Deer Management Co. LLC bought a new stake in ServiceTitan in the fourth quarter worth $925,943,000. TPG GP A LLC bought a new stake in ServiceTitan in the fourth quarter worth $525,405,000. Battery Management Corp. bought a new stake in ServiceTitan in the fourth quarter worth $496,599,000. Price T Rowe Associates Inc. MD bought a new stake in ServiceTitan in the fourth quarter worth $233,937,000. Finally, Dragoneer Investment Group LLC bought a new stake in ServiceTitan in the fourth quarter worth $210,777,000.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TTAN shares. TD Cowen started coverage on shares of ServiceTitan in a report on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target on the stock. Canaccord Genuity Group lifted their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Cowen reaffirmed a "buy" rating on shares of ServiceTitan in a report on Wednesday, May 21st. TD Securities lifted their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Morgan Stanley lifted their price target on shares of ServiceTitan from $107.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, June 6th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.

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