ServiceTitan Inc. (NASDAQ:TTAN) Director Sells $9,999,960.83 in Stock

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 completion of the transaction, the director directly owned 483,635 shares in the company, valued at $53,195,013.65. This represents a 15.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ServiceTitan Stock Performance

TTAN stock traded up $1.19 during trading on Monday, hitting $108.15. The company had a trading volume of 618,311 shares, compared to its average volume of 728,317. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.82 and a quick ratio of 4.82. The company has a 50-day simple moving average of $112.90. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued 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 business had revenue of $215.69 million during the quarter, compared to the consensus estimate of $208.61 million. The firm's revenue was up 26.6% on a year-over-year basis. Analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TTAN shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $140.00 price target on shares of ServiceTitan in a research report on Friday, June 6th. TD Securities upped their price target on ServiceTitan from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Morgan Stanley lifted their price target on shares of ServiceTitan from $107.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, June 6th. Stifel Nicolaus lifted their price target on shares of ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, KeyCorp lifted their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ServiceTitan presently has a consensus rating of "Moderate Buy" and an average target price of $122.21.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Deer Management Co. LLC bought a new position in shares of ServiceTitan in the 4th quarter valued at about $925,943,000. TPG GP A LLC bought a new stake in ServiceTitan in the fourth quarter valued at about $525,405,000. Price T Rowe Associates Inc. MD increased its holdings in ServiceTitan by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company's stock valued at $219,341,000 after purchasing an additional 32,066 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings 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 purchasing an additional 1,930,779 shares during the last quarter. Finally, Dragoneer Investment Group LLC bought a new stake in ServiceTitan in the fourth quarter valued at about $210,777,000.

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.