Insider Selling: ServiceTitan Inc. (NASDAQ:TTAN) President Sells 25,208 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) President Vahe Kuzoyan sold 25,208 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $104.65, for a total transaction of $2,638,017.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

ServiceTitan Price Performance

ServiceTitan stock traded down $0.75 during midday trading on Monday, hitting $107.18. 1,528,451 shares of the company's stock were exchanged, compared to its average volume of 1,964,758. 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 50-day moving average price is $115.04. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $215.69 million during the quarter, compared to the consensus estimate of $208.61 million. The business's revenue for the quarter was up 26.6% compared to the same quarter last year. On average, research analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTAN has been the subject of several research reports. Piper Sandler reiterated an "overweight" rating and set a $125.00 price target on shares of ServiceTitan in a research note on Friday, March 14th. Robert W. Baird increased their target price on shares of ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Loop Capital reiterated a "hold" rating and issued a $100.00 target price (up previously from $90.00) on shares of ServiceTitan in a research note on Friday, June 6th. Morgan Stanley upped their price target on shares of ServiceTitan from $107.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, June 6th. Finally, Stifel Nicolaus raised their price objective on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Four investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.21.

Hedge Funds Weigh In On ServiceTitan

A number of institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in ServiceTitan in the fourth quarter worth $26,000. Harbor Investment Advisory LLC bought a new stake in ServiceTitan during the first quarter worth about $31,000. LRI Investments LLC purchased a new position in shares of ServiceTitan in the 1st quarter worth about $58,000. Assetmark Inc. bought a new position in shares of ServiceTitan during the 4th quarter valued at about $67,000. Finally, FIL Ltd bought a new position in shares of ServiceTitan during the 4th quarter valued at about $67,000.

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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