ServiceTitan (NASDAQ:TTAN) CAO Michele O'connor Sells 5,188 Shares

Key Points

• Michele O'Connor, the Chief Accounting Officer of ServiceTitan, sold 5,188 shares of the company's stock for $602,067.40 on September 17, reducing her total holdings by 5.24%.
• ServiceTitan's stock is currently trading at $117.16 with a market capitalization of $10.62 billion and a PE ratio of -21.70.
• Several analysts have issued buy ratings for ServiceTitan, with a consensus target price of $130.67, reflecting strong investor sentiment.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CAO Michele O'connor sold 5,188 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $116.05, for a total transaction of $602,067.40. Following the transaction, the chief accounting officer directly owned 93,748 shares of the company's stock, valued at $10,879,455.40. This represents a 5.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

ServiceTitan Stock Performance

TTAN stock traded down $1.68 during trading on Friday, reaching $115.48. 6,291,540 shares of the stock were exchanged, compared to its average volume of 1,397,605. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $131.33. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $10.47 billion and a P/E ratio of -21.39. The stock has a 50 day simple moving average of $110.39 and a 200-day simple moving average of $108.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of ServiceTitan from $109.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Friday, September 5th. Truist Financial upped their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Wells Fargo & Company upped their price objective on ServiceTitan from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday. Canaccord Genuity Group boosted their price target on shares of ServiceTitan from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday. Finally, Citigroup increased their price objective on shares of ServiceTitan from $111.00 to $123.00 and gave the stock a "neutral" rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $132.67.

Institutional Trading of ServiceTitan

Hedge funds have recently modified their holdings of the company. Woodline Partners LP grew its holdings in ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company's stock valued at $204,000 after purchasing an additional 95 shares during the period. Assetmark Inc. boosted its position in shares of ServiceTitan by 47.2% during the first quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after purchasing an additional 308 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of ServiceTitan in the 1st quarter valued at $31,000. Northwestern Mutual Wealth Management Co. increased its position in shares of ServiceTitan by 1,005.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company's stock valued at $46,000 after buying an additional 392 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of ServiceTitan in the 1st quarter valued at $58,000.

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.