ServiceTitan (NASDAQ:TTAN) CFO David Sherry Sells 853 Shares

Key Points

• CFO David Sherry sold 853 shares of ServiceTitan at an average price of $96.39, totaling over $82,000, reducing his ownership to 346,785 shares.
• ServiceTitan's stock has decreased 1.8% recently, trading at $94.79, with a current market capitalization of $8.81 billion.
• The company reported a loss per share of ($0.22) for the recent quarter, missing analyst expectations, despite revenue increasing by 25.5% year-over-year.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 853 shares of ServiceTitan stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $96.39, for a total transaction of $82,220.67. Following the completion of the sale, the chief financial officer owned 346,785 shares in the company, valued at $33,426,606.15. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

David Sherry also recently made the following trade(s):

• On Monday, October 20th, David Sherry sold 833 shares of ServiceTitan stock. The shares were sold at an average price of $93.04, for a total transaction of $77,502.32.
• On Wednesday, September 17th, David Sherry sold 11,746 shares of ServiceTitan stock. The shares were sold at an average price of $116.04, for a total transaction of $1,363,005.84.

ServiceTitan Stock Down 1.8%

TTAN stock traded down $1.69 during midday trading on Wednesday, hitting $94.79. The company's stock had a trading volume of 533,513 shares, compared to its average volume of 846,509. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $131.33. The company's fifty day moving average price is $105.01 and its 200 day moving average price is $109.77. The stock has a market capitalization of $8.81 billion and a P/E ratio of -17.55.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.40). The business had revenue of $242.12 million during the quarter, compared to analyst estimates of $229.58 million. ServiceTitan had a negative net margin of 26.08% and a negative return on equity of 16.87%. The company's quarterly revenue was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTAN. Canaccord Genuity Group boosted their price objective on shares of ServiceTitan from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Piper Sandler restated an "overweight" rating and set a $155.00 price objective on shares of ServiceTitan in a research note on Friday, September 19th. Citigroup upped their price target on shares of ServiceTitan from $111.00 to $123.00 and gave the company a "neutral" rating in a research note on Tuesday, September 9th. Truist Financial set a $130.00 price target on shares of ServiceTitan in a research note on Tuesday. Finally, Morgan Stanley upped their price target on shares of ServiceTitan from $109.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, ServiceTitan currently has an average rating of "Moderate Buy" and an average target price of $132.67.

Institutional Trading of ServiceTitan

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in 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 purchasing an additional 32,066 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of ServiceTitan by 1,545.2% during 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 in the last quarter. Franklin Resources Inc. lifted its position in shares of ServiceTitan by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company's stock valued at $202,917,000 after purchasing an additional 1,131,062 shares in the last quarter. Invesco Ltd. raised its position in ServiceTitan by 1,388.2% in the second quarter. Invesco Ltd. now owns 1,477,369 shares of the company's stock worth $158,344,000 after acquiring an additional 1,378,100 shares during the period. Finally, JPMorgan Chase & Co. raised its position in ServiceTitan by 300,996.1% in the second quarter. JPMorgan Chase & Co. now owns 1,324,823 shares of the company's stock worth $141,995,000 after acquiring an additional 1,324,383 shares during the period.

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.

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