Insider Selling: ServiceTitan Inc. (NASDAQ:TTAN) Director Sells 31,187 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) Director Byron B. Deeter sold 31,187 shares of the company's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $112.60, for a total value of $3,511,656.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

ServiceTitan Stock Down 0.1%

ServiceTitan stock traded down $0.12 during trading on Monday, hitting $113.97. The company had a trading volume of 526,401 shares, compared to its average volume of 1,281,423. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. 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 company's 50 day simple moving average is $112.32 and its 200-day simple moving average is $105.07.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.18 EPS 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 analyst estimates of $208.61 million. The business's revenue for the quarter was up 26.6% compared to the same quarter last year. Sell-side analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TTAN. Loop Capital reiterated a "hold" rating and set a $100.00 price objective (up previously from $90.00) on shares of ServiceTitan in a report on Friday, June 6th. Stifel Nicolaus upped their target price on ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, May 30th. TD Cowen began coverage on ServiceTitan in a research report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 target price on the stock. KeyCorp set a $140.00 price target on ServiceTitan and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, TD Securities increased their price target on ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. 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. According to data from MarketBeat.com, ServiceTitan presently has an average rating of "Moderate Buy" and a consensus price target of $122.21.

Hedge Funds Weigh In On ServiceTitan

Institutional investors and hedge funds have recently modified their holdings of the company. Harbor Investment Advisory LLC acquired a new stake in shares of ServiceTitan in the first quarter valued at approximately $31,000. LRI Investments LLC acquired a new stake in shares of ServiceTitan in the first quarter valued at approximately $58,000. FIL Ltd acquired a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $67,000. Tower Research Capital LLC TRC acquired a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $91,000. Finally, Assetmark Inc. grew its stake in ServiceTitan by 47.2% in the 1st quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after acquiring an additional 308 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.