ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 1,509 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $114.41, for a total transaction 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 trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
David Sherry also recently made the following trade(s):
- On Tuesday, July 22nd, David Sherry sold 1,499 shares of ServiceTitan stock. The stock was sold at an average price of $116.89, for a total transaction of $175,218.11.
- On Thursday, June 26th, David Sherry sold 16,630 shares of ServiceTitan stock. The stock was sold at an average price of $104.65, for a total transaction of $1,740,329.50.
- On Wednesday, June 18th, David Sherry sold 5,771 shares of ServiceTitan stock. The stock was sold at an average price of $105.22, for a total transaction of $607,224.62.
ServiceTitan Stock Performance
Shares of TTAN stock traded down $0.37 during trading hours on Friday, reaching $116.94. 423,802 shares of the company's stock were exchanged, compared to its average volume of 727,366. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.82 and a current ratio of 4.82. The stock's 50 day moving average is $111.72 and its 200-day moving average is $105.40. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $131.33.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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. ServiceTitan's revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current year.
Hedge Funds Weigh In On ServiceTitan
Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new position in shares of ServiceTitan in the 4th quarter valued at $57,349,000. Jane Street Group LLC acquired a new position in shares of ServiceTitan in the 4th quarter valued at $529,000. Bank of America Corp DE acquired a new position in shares of ServiceTitan in the 4th quarter valued at $540,000. Nuveen Asset Management LLC purchased a new stake in ServiceTitan in the fourth quarter valued at $7,793,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in ServiceTitan in the fourth quarter valued at $1,543,000.
Wall Street Analysts Forecast Growth
TTAN has been the topic of a number of research reports. TD Cowen initiated coverage on shares of ServiceTitan in a research report on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price on the stock. Canaccord Genuity Group raised their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Stifel Nicolaus raised their target price on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Piper Sandler reissued an "overweight" rating and set a $150.00 price objective (up from $125.00) on shares of ServiceTitan in a report on Tuesday. Finally, Cowen reissued a "buy" rating on shares of ServiceTitan in a report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.00.
Check Out Our Latest Analysis on TTAN
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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