ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CEO Ara Mahdessian sold 42,666 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $112.51, for a total value of $4,800,351.66. Following the completion of the sale, the chief executive officer directly owned 1 shares in the company, valued at approximately $112.51. The trade was a 100.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Ara Mahdessian also recently made the following trade(s):
- On Wednesday, July 16th, Ara Mahdessian sold 42,674 shares of ServiceTitan stock. The shares were sold at an average price of $110.84, for a total value of $4,729,986.16.
- On Thursday, June 26th, Ara Mahdessian sold 24,391 shares of ServiceTitan stock. The shares were sold at an average price of $104.65, for a total transaction of $2,552,518.15.
ServiceTitan Stock Performance
Shares of TTAN stock traded up $1.43 during mid-day trading on Thursday, hitting $112.57. The stock had a trading volume of 968,295 shares, compared to its average volume of 1,265,485. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week 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 company's 50-day simple moving average is $112.53 and its 200-day simple moving average is $105.01.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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% compared to the same quarter last year. As a group, sell-side analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on TTAN shares. TD Securities increased their target price on shares of ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Robert W. Baird upped their price target on ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Morgan Stanley raised their target price on shares of ServiceTitan from $107.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, June 6th. TD Cowen started coverage on shares of ServiceTitan in a report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price objective on the stock. Finally, Loop Capital reaffirmed a "hold" rating and set a $100.00 price objective (up from $90.00) on shares of ServiceTitan in a research report on Friday, June 6th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $122.21.
Read Our Latest Stock Analysis on TTAN
Institutional Investors Weigh In On ServiceTitan
A number of hedge funds and other institutional investors have recently modified their holdings of TTAN. Harbor Investment Advisory LLC acquired a new stake in shares of ServiceTitan in the first quarter valued at approximately $31,000. LRI Investments LLC purchased a new position in ServiceTitan during the first quarter worth $58,000. FIL Ltd acquired a new position in shares of ServiceTitan in the fourth quarter worth $67,000. Tower Research Capital LLC TRC purchased a new stake in ServiceTitan during the 4th quarter worth about $91,000. Finally, Assetmark Inc. lifted its holdings in ServiceTitan by 47.2% in the 1st quarter. Assetmark Inc. now owns 960 shares of the company's stock valued at $91,000 after purchasing an additional 308 shares in the last quarter.
About ServiceTitan
(
Get Free Report)
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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