David Sherry Sells 11,746 Shares of ServiceTitan (NASDAQ:TTAN) Stock

Key Points

• David Sherry, CFO of ServiceTitan, sold 11,746 shares of stock on September 17th for approximately $1.36 million, decreasing his ownership in the company by 3.27%.
• ServiceTitan's stock price rose to $117.16, with a market cap of $10.62 billion and a twelve-month price range between $79.81 and $131.33.
• Analysts maintain a generally positive outlook on ServiceTitan, with multiple price targets set above the current trading price, indicating a consensus rating of "Moderate Buy".

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 11,746 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $116.04, for a total value of $1,363,005.84. Following the completion of the sale, the chief financial officer directly owned 347,928 shares in the company, valued at $40,373,565.12. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

David Sherry also recently made the following trade(s):

• On Tuesday, July 22nd, David Sherry sold 1,499 shares of ServiceTitan stock. The shares were sold at an average price of $116.89, for a total value of $175,218.11.
• On Monday, July 21st, David Sherry sold 1,509 shares of ServiceTitan stock. The shares were sold at an average price of $114.41, for a total value of $172,644.69.
• On Thursday, June 26th, David Sherry sold 16,630 shares of ServiceTitan stock. The shares were sold at an average price of $104.65, for a total value of $1,740,329.50.

ServiceTitan Trading Down 1.4%

Shares of TTAN stock traded down $1.68 during mid-day trading on Friday, reaching $115.48. 6,291,540 shares of the stock traded hands, compared to its average volume of 1,397,605. The stock's fifty day simple moving average is $110.39 and its two-hundred day simple moving average is $108.44. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. The company has a market cap of $10.47 billion and a price-to-earnings ratio of -21.39. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TTAN. Price T Rowe Associates Inc. MD lifted its position in shares of ServiceTitan by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company's stock valued at $219,341,000 after buying an additional 32,066 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of ServiceTitan by 1,545.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock valued at $195,521,000 after acquiring an additional 1,930,779 shares in the last quarter. Franklin Resources Inc. increased its position in shares of ServiceTitan by 148.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company's stock valued at $202,917,000 after purchasing an additional 1,131,062 shares during the last quarter. Invesco Ltd. increased its position in shares of ServiceTitan by 1,388.2% during the 2nd quarter. Invesco Ltd. now owns 1,477,369 shares of the company's stock valued at $158,344,000 after purchasing an additional 1,378,100 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in ServiceTitan by 300,996.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,324,823 shares of the company's stock worth $141,995,000 after acquiring an additional 1,324,383 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on TTAN shares. Stifel Nicolaus lifted their price target on ServiceTitan from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Friday. Needham & Company LLC reaffirmed a "buy" rating and issued a $140.00 price objective on shares of ServiceTitan in a research note on Friday, September 5th. KeyCorp set a $140.00 price objective on ServiceTitan and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Piper Sandler reissued an "overweight" rating and issued a $155.00 price target on shares of ServiceTitan in a research note on Friday. Finally, Robert W. Baird boosted their price target on ServiceTitan from $124.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.67.

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.