Vahe Kuzoyan Sells 24,582 Shares of ServiceTitan Inc. (NASDAQ:TTAN) Stock

Key Points

• Vahe Kuzoyan, President of ServiceTitan Inc., sold a total of **24,582 shares** on August 5th, valued at **$2,753,675.64**, at an average price of **$112.02** per share.
• ServiceTitan's stock has seen significant movement, with a **one-year low of $79.81** and a **high of $131.33**, closing at **$112.94** on the day of the report.
• The company reported earnings of **$0.18 EPS** for its last quarter, exceeding analysts' expectations and showing a **26.6% increase in revenue** year-over-year, totaling **$215.69 million**.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) President Vahe Kuzoyan sold 24,582 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $112.02, for a total value of $2,753,675.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Vahe Kuzoyan also recently made the following trade(s):

• On Monday, August 4th, Vahe Kuzoyan sold 24,598 shares of ServiceTitan stock. The shares were sold at an average price of $114.46, for a total value of $2,815,487.08.
• On Thursday, June 26th, Vahe Kuzoyan sold 25,208 shares of ServiceTitan stock. The shares were sold at an average price of $104.65, for a total value of $2,638,017.20.

ServiceTitan Stock Down 7.1%

NASDAQ TTAN traded down $7.80 on Friday, reaching $102.31. 1,273,216 shares of the company were exchanged, compared to its average volume of 678,694. The business's fifty day moving average price is $109.95 and its 200 day moving average price is $106.51. 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 fifty-two week low of $79.81 and a fifty-two week high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The company had revenue of $215.69 million for the quarter, compared to analyst estimates of $208.61 million. ServiceTitan's quarterly revenue was up 26.6% compared to the same quarter last year. Equities analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ServiceTitan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTAN. Harbor Investment Advisory LLC acquired a new position in shares of ServiceTitan in the 1st quarter valued at $31,000. LRI Investments LLC acquired a new position in shares of ServiceTitan in the 1st quarter valued at $58,000. FIL Ltd acquired a new position in shares of ServiceTitan in the 4th quarter valued at $67,000. PNC Financial Services Group Inc. acquired a new position in shares of ServiceTitan in the 2nd quarter valued at $79,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of ServiceTitan in the 4th quarter valued at $91,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TTAN. Robert W. Baird boosted their price objective on ServiceTitan from $106.00 to $124.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley boosted their price objective on ServiceTitan from $107.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday, June 6th. Stifel Nicolaus boosted their price target on ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Canaccord Genuity Group boosted their price target on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, TD Securities boosted their price target on ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $124.00.

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.