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 firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $116.89, for a total transaction of $175,218.11. Following the completion of the transaction, the chief financial officer owned 365,670 shares in the company, valued at $42,743,166.30. The trade was a 0.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

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

ServiceTitan Stock Down 0.3%

TTAN traded down $0.37 during trading hours on Friday, hitting $116.94. 423,803 shares of the stock were exchanged, compared to its average volume of 1,111,416. The stock has a 50-day simple moving average of $111.48 and a 200-day simple moving average of $105.55. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.82 and a current ratio of 4.82.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced 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 firm had revenue of $215.69 million for the quarter, compared to the consensus estimate of $208.61 million. The business's revenue was up 26.6% compared to the same quarter last year. Sell-side analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $140.00 price objective on shares of ServiceTitan in a research report on Friday, June 6th. Robert W. Baird increased their price objective on shares of ServiceTitan from $106.00 to $124.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Stifel Nicolaus increased their price objective on shares of ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, May 30th. TD Cowen assumed coverage on shares of ServiceTitan in a research report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of ServiceTitan from $107.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday, June 6th. 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, ServiceTitan has a consensus rating of "Moderate Buy" and an average target price of $124.00.

Hedge Funds Weigh In On ServiceTitan

Large investors have recently added to or reduced their stakes in the company. Deer Management Co. LLC bought a new stake in ServiceTitan in the fourth quarter valued at $925,943,000. TPG GP A LLC bought a new stake in ServiceTitan in the fourth quarter valued at $525,405,000. Price T Rowe Associates Inc. MD bought a new stake in ServiceTitan in the fourth quarter valued at $233,937,000. Dragoneer Investment Group LLC bought a new stake in ServiceTitan in the fourth quarter valued at $210,777,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in ServiceTitan by 1,545.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock valued at $195,521,000 after buying an additional 1,930,779 shares during the last quarter.

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.