ServiceTitan Inc. (NASDAQ:TTAN) Director William J.G. Griffith Sells 90,917 Shares

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) Director William J.G. Griffith sold 90,917 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $109.99, for a total value of $9,999,960.83. Following the sale, the director owned 483,635 shares of the company's stock, valued at approximately $53,195,013.65. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

ServiceTitan Stock Down 3.6%

NASDAQ:TTAN traded down $3.98 on Friday, hitting $106.96. The stock had a trading volume of 720,752 shares, compared to its average volume of 728,949. The company's fifty day moving average price is $113.12. 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 Inc. has a 52 week low of $79.81 and a 52 week high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The company had revenue of $215.69 million during 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. As a group, research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Institutional Trading of ServiceTitan

A number of large investors have recently bought and sold shares of the company. Woodline Partners LP increased its position in ServiceTitan by 4.6% in the first quarter. Woodline Partners LP now owns 2,141 shares of the company's stock worth $204,000 after buying an additional 95 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in ServiceTitan in the fourth quarter worth $26,000. Assetmark Inc. increased its position in ServiceTitan by 47.2% in the first quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after buying an additional 308 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in ServiceTitan in the first quarter worth $31,000. Finally, LRI Investments LLC purchased a new stake in ServiceTitan in the first quarter worth $58,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Canaccord Genuity Group upped their target price on ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Robert W. Baird upped their price objective on ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Piper Sandler reiterated an "overweight" rating and issued a $125.00 target price on shares of ServiceTitan in a research report on Friday, March 14th. Morgan Stanley increased their target price on ServiceTitan from $107.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday, June 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $140.00 target price on shares of ServiceTitan in a research report on Friday, June 6th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ServiceTitan currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.21.

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.

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