ServiceTitan Inc. (NASDAQ:TTAN) Director Sells $3,511,656.20 in Stock

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) Director Byron B. Deeter sold 31,187 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $112.60, for a total transaction of $3,511,656.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ServiceTitan Price Performance

ServiceTitan stock traded up $0.06 during mid-day trading on Thursday, reaching $117.31. The company's stock had a trading volume of 383,236 shares, compared to its average volume of 1,174,845. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month 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 firm's fifty day moving average price is $111.72 and its two-hundred day moving average price is $105.40.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TTAN. Avantax Advisory Services Inc. bought a new position in ServiceTitan in the 4th quarter valued at $227,000. Virtu Financial LLC bought a new stake in shares of ServiceTitan during the 4th quarter worth $473,000. Sei Investments Co. bought a new stake in shares of ServiceTitan during the 4th quarter worth $1,593,000. Vanguard Group Inc. bought a new stake in shares of ServiceTitan during the 4th quarter worth $57,349,000. Finally, Artisan Partners Limited Partnership bought a new stake in shares of ServiceTitan during the 4th quarter worth $26,439,000.

Analysts Set New Price Targets

TTAN has been the subject of several research analyst reports. TD Securities raised their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and set a $150.00 price target (up previously from $125.00) on shares of ServiceTitan in a research note on Tuesday. Cowen restated a "buy" rating on shares of ServiceTitan in a research note on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating and set a $140.00 price target on shares of ServiceTitan in a research note on Friday, June 6th. Finally, Stifel Nicolaus raised their price target on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.00.

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.