David Sherry Sells 1,499 Shares of ServiceTitan Inc. (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 1,499 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $116.89, for a total value of $175,218.11. Following the completion of the sale, the chief financial officer owned 365,670 shares of the company's stock, valued at $42,743,166.30. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, July 21st, David Sherry sold 1,509 shares of ServiceTitan stock. The stock was sold at an average price of $114.41, for a total value of $172,644.69.
• 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 value 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 value of $607,224.62.

ServiceTitan Stock Performance

Shares of TTAN traded down $0.37 during midday trading on Friday, hitting $116.94. 423,802 shares of the company traded hands, compared to its average volume of 727,366. The firm has a 50 day moving average of $111.72 and a 200-day moving average of $105.40. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 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.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The business had revenue of $215.69 million during the quarter, compared to the consensus estimate of $208.61 million. The firm's revenue for the quarter was up 26.6% on a year-over-year basis. As a group, sell-side analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Woodline Partners LP lifted its holdings in shares of ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company's stock valued at $204,000 after acquiring an additional 95 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of ServiceTitan by 47.2% in the 1st quarter. Assetmark Inc. now owns 960 shares of the company's stock valued at $91,000 after acquiring an additional 308 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of ServiceTitan in the 1st quarter valued at about $31,000. LRI Investments LLC bought a new position in shares of ServiceTitan in the 1st quarter valued at about $58,000. Finally, FIL Ltd bought a new position in shares of ServiceTitan in the 4th quarter valued at about $67,000.

Analyst Upgrades and Downgrades

TTAN has been the subject of a number of analyst reports. Canaccord Genuity Group increased their price target on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. KeyCorp set a $140.00 price target on ServiceTitan and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. TD Cowen initiated coverage on ServiceTitan in a research note on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price target for the company. Robert W. Baird increased their price target on ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley increased their price target on ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, June 6th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.00.

About ServiceTitan

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.