Insider Selling: ServiceTitan (NASDAQ:TTAN) CFO Sells 833 Shares of Stock

Key Points

• David Sherry, CFO of ServiceTitan, recently sold 833 shares at an average price of $93.04, decreasing his holdings by 0.24% to approximately 347,638 shares.
• ServiceTitan reported a loss of $0.22 EPS for its last quarter, missing analyst expectations, but saw a year-over-year revenue increase of 25.5%.
• Analyst ratings for ServiceTitan are mostly positive, with several firms raising their target prices, resulting in a consensus rating of "Moderate Buy" and an average price target of $132.67.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 833 shares of the business's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $93.04, for a total value of $77,502.32. Following the sale, the chief financial officer owned 347,638 shares of the company's stock, valued at approximately $32,344,239.52. The trade was a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, October 21st, David Sherry sold 853 shares of ServiceTitan stock. The stock was sold at an average price of $96.39, for a total value of $82,220.67.
• On Wednesday, September 17th, David Sherry sold 11,746 shares of ServiceTitan stock. The stock was sold at an average price of $116.04, for a total value of $1,363,005.84.

ServiceTitan Stock Performance

TTAN traded down $1.69 during trading on Wednesday, hitting $94.79. 533,513 shares of the stock were exchanged, compared to its average volume of 846,509. The firm has a market capitalization of $8.81 billion and a P/E ratio of -17.55. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. The stock has a fifty day moving average price of $105.01 and a two-hundred day moving average price of $109.77. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.07.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.40). The firm had revenue of $242.12 million for the quarter, compared to analyst estimates of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TTAN. Northwestern Mutual Wealth Management Co. grew its holdings in ServiceTitan by 1,005.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company's stock worth $46,000 after acquiring an additional 392 shares during the period. LRI Investments LLC acquired a new position in ServiceTitan during the first quarter worth $58,000. PNC Financial Services Group Inc. acquired a new position in ServiceTitan during the second quarter worth $79,000. Assetmark Inc. grew its holdings in ServiceTitan by 47.2% during the first quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after acquiring an additional 308 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in ServiceTitan during the second quarter worth $94,000.

Wall Street Analyst Weigh In

Several research analysts have commented on TTAN shares. Morgan Stanley lifted their price target on ServiceTitan from $109.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of ServiceTitan in a report on Wednesday, October 8th. Canaccord Genuity Group boosted their target price on ServiceTitan from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, September 19th. Piper Sandler reissued an "overweight" rating and issued a $155.00 target price on shares of ServiceTitan in a report on Friday, September 19th. Finally, Truist Financial set a $130.00 target price on ServiceTitan in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

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