ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry Sells 1,509 Shares

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 1,509 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $114.41, for a total value of $172,644.69. Following the transaction, the chief financial officer directly owned 367,169 shares in the company, valued at approximately $42,007,805.29. This represents a 0.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 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.
• On Wednesday, June 18th, David Sherry sold 5,771 shares of ServiceTitan stock. The shares were sold at an average price of $105.22, for a total value of $607,224.62.

ServiceTitan Trading Down 0.3%

Shares of TTAN traded down $0.37 during mid-day trading on Friday, hitting $116.94. 423,803 shares of the company were exchanged, compared to its average volume of 1,111,416. 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 has a 50 day moving average of $111.48 and a 200-day moving average of $105.55. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The firm had revenue of $215.69 million during the quarter, compared to analyst estimates of $208.61 million. The firm's revenue was up 26.6% compared to the same quarter last year. Equities analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

Hedge Funds Weigh In On ServiceTitan

Several large investors have recently modified their holdings of TTAN. Deer Management Co. LLC acquired a new position in ServiceTitan during the 4th quarter worth about $925,943,000. TPG GP A LLC acquired a new position in ServiceTitan during the 4th quarter worth about $525,405,000. Price T Rowe Associates Inc. MD acquired a new position in ServiceTitan during the 4th quarter worth about $233,937,000. Dragoneer Investment Group LLC acquired a new position in ServiceTitan during the 4th quarter worth about $210,777,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in ServiceTitan by 1,545.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock worth $195,521,000 after acquiring an additional 1,930,779 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Cowen reissued a "buy" rating on shares of ServiceTitan in a research report on Wednesday, May 21st. Needham & Company LLC reissued a "buy" rating and set a $140.00 price target on shares of ServiceTitan in a research report on Friday, June 6th. Stifel Nicolaus increased their price target on ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Piper Sandler reaffirmed an "overweight" rating and set a $150.00 price objective (up previously from $125.00) on shares of ServiceTitan in a research report on Tuesday, July 22nd. Finally, TD Securities raised their price objective on ServiceTitan from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.00.

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.