ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CEO Ara Mahdessian sold 3,059 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $116.04, for a total transaction of $354,966.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ara Mahdessian also recently made the following trade(s):
- On Thursday, August 21st, Ara Mahdessian sold 45,185 shares of ServiceTitan stock. The stock was sold at an average price of $103.71, for a total transaction of $4,686,136.35.
- On Wednesday, August 20th, Ara Mahdessian sold 40,147 shares of ServiceTitan stock. The shares were sold at an average price of $102.71, for a total transaction of $4,123,498.37.
- On Thursday, July 17th, Ara Mahdessian sold 42,666 shares of ServiceTitan stock. The shares were sold at an average price of $112.51, for a total transaction of $4,800,351.66.
- On Wednesday, July 16th, Ara Mahdessian sold 42,674 shares of ServiceTitan stock. The shares were sold at an average price of $110.84, for a total value of $4,729,986.16.
- On Thursday, June 26th, Ara Mahdessian sold 24,391 shares of ServiceTitan stock. The shares were sold at an average price of $104.65, for a total value of $2,552,518.15.
ServiceTitan Stock Down 1.4%
Shares of ServiceTitan stock traded down $1.68 on Friday, reaching $115.48. The company's stock had a trading volume of 6,291,540 shares, compared to its average volume of 1,397,605. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $131.33. The firm's fifty day simple moving average is $110.39 and its two-hundred day simple moving average is $108.44. The company has a market capitalization of $10.47 billion and a price-to-earnings ratio of -21.39. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.07.
Institutional Investors Weigh In On ServiceTitan
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Woodline Partners LP raised its holdings in shares of ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company's stock valued at $204,000 after acquiring an additional 95 shares during the last quarter. Assetmark Inc. boosted its stake in ServiceTitan by 47.2% during the 1st quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after purchasing an additional 308 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of ServiceTitan during the 1st quarter worth $31,000. Northwestern Mutual Wealth Management Co. increased its position in shares of ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company's stock worth $46,000 after purchasing an additional 392 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in ServiceTitan in the 1st quarter valued at about $58,000.
Analyst Ratings Changes
Several research analysts have weighed in on the company. KeyCorp set a $140.00 price target on ServiceTitan and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Piper Sandler restated an "overweight" rating and issued a $155.00 target price on shares of ServiceTitan in a report on Friday. Truist Financial raised their price target on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Raymond James Financial began coverage on ServiceTitan in a research note on Friday, August 29th. They set a "market perform" rating for the company. Finally, Stifel Nicolaus lifted their target price on ServiceTitan from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $132.67.
Read Our Latest Report on TTAN
ServiceTitan Company Profile
(
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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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