ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) major shareholder Bessemer Venture Partners Viii sold 12,543 shares of ServiceTitan stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $105.43, for a total transaction of $1,322,408.49. Following the completion of the transaction, the insider now owns 8,491,028 shares of the company's stock, valued at $895,209,082.04. This represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Bessemer Venture Partners Viii also recently made the following trade(s):
- On Thursday, June 26th, Bessemer Venture Partners Viii sold 125,000 shares of ServiceTitan stock. The stock was sold at an average price of $105.87, for a total value of $13,233,750.00.
- On Tuesday, June 10th, Bessemer Venture Partners Viii sold 500,000 shares of ServiceTitan stock. The stock was sold at an average price of $102.00, for a total value of $51,000,000.00.
ServiceTitan Stock Performance
Shares of NASDAQ TTAN traded up $1.37 during trading hours on Friday, reaching $107.93. 1,824,654 shares of the stock traded hands, compared to its average volume of 1,897,567. The business's 50-day moving average is $115.28. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.07.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $215.69 million for the quarter, compared to analysts' expectations of $208.61 million. ServiceTitan's revenue was up 26.6% compared to the same quarter last year. On average, sell-side analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.
Hedge Funds Weigh In On ServiceTitan
Several institutional investors and hedge funds have recently made changes to their positions in the business. Deer Management Co. LLC bought a new stake in ServiceTitan in the fourth quarter worth $925,943,000. TPG GP A LLC purchased a new position in shares of ServiceTitan in the fourth quarter worth about $525,405,000. Battery Management Corp. bought a new stake in shares of ServiceTitan in the 4th quarter valued at about $496,599,000. Price T Rowe Associates Inc. MD lifted its stake in shares of ServiceTitan by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company's stock valued at $219,341,000 after acquiring an additional 32,066 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in ServiceTitan by 1,545.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock valued at $195,521,000 after acquiring an additional 1,930,779 shares during the period.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on TTAN shares. 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. Canaccord Genuity Group boosted their price target on shares of 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 increased 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. TD Cowen initiated coverage on ServiceTitan in a research report on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target for the company. Finally, Loop Capital reissued a "hold" rating and set a $100.00 price objective (up previously from $90.00) on shares of ServiceTitan in a report on Friday, June 6th. Four equities research 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $122.21.
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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