ServiceTitan (NASDAQ:TTAN) CAO Michele O'connor Sells 5,000 Shares

Key Points

• ServiceTitan CAO Michele O'connor sold 5,000 shares on April 9 at an average price of $58.93 for about $294,650, leaving her with 79,416 shares (a 5.92% ownership decrease); she also sold 5,154 shares on March 18 at $69.86.
• Quarterly results were mixed: ServiceTitan beat consensus with $0.27 EPS and $254M revenue (up 21.4% year‑over‑year) but remains unprofitable (net margin -16.64%, negative ROE) and analysts forecast -1.98 EPS for the current fiscal year.
• Market and analyst backdrop: TTAN trades in the mid‑$50s with a $5.37B market cap, large institutional buying from firms like Vanguard and JPMorgan, and an overall "Moderate Buy" consensus with an average price target of $113.56.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CAO Michele O'connor sold 5,000 shares of ServiceTitan stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $58.93, for a total value of $294,650.00. Following the completion of the sale, the chief accounting officer owned 79,416 shares of the company's stock, valued at approximately $4,679,984.88. The trade was a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Michele O'connor also recently made the following trade(s):

• On Wednesday, March 18th, Michele O'connor sold 5,154 shares of ServiceTitan stock. The stock was sold at an average price of $69.86, for a total value of $360,058.44.

ServiceTitan Stock Up 3.7%

TTAN stock traded up $2.06 during midday trading on Monday, reaching $57.35. The stock had a trading volume of 1,552,447 shares, compared to its average volume of 1,406,382. The business has a fifty day simple moving average of $67.10 and a two-hundred day simple moving average of $86.75. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of -33.34 and a beta of -0.14. ServiceTitan Inc. has a twelve month low of $55.23 and a twelve month high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.09. The firm had revenue of $253.99 million during the quarter, compared to analyst estimates of $245.47 million. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.The company's revenue was up 21.4% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. On average, equities analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ServiceTitan

Several institutional investors and hedge funds have recently modified their holdings of TTAN. Vanguard Group Inc. grew its position in shares of ServiceTitan by 538.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company's stock valued at $446,670,000 after purchasing an additional 3,735,968 shares during the period. JPMorgan Chase & Co. grew its position in shares of ServiceTitan by 118.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company's stock valued at $291,798,000 after purchasing an additional 1,569,136 shares during the period. Norges Bank acquired a new position in shares of ServiceTitan in the 4th quarter valued at approximately $112,678,000. CIBC Bancorp USA Inc. acquired a new position in shares of ServiceTitan in the 3rd quarter valued at approximately $84,983,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of ServiceTitan in the 4th quarter valued at approximately $89,702,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings restated a "sell (e+)" rating on shares of ServiceTitan in a research report on Monday, December 29th. William Blair restated an "outperform" rating on shares of ServiceTitan in a research report on Friday, March 13th. BTIG Research decreased their target price on ServiceTitan from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, March 12th. Truist Financial decreased their target price on ServiceTitan from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, March 13th. Finally, The Goldman Sachs Group decreased their target price on ServiceTitan from $117.00 to $84.00 and set a "neutral" rating for the company in a research report on Monday, March 16th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $113.56.

About ServiceTitan

ServiceTitan, Inc NASDAQ: TTAN is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company's platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan's offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.

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