ServiceTitan (NASDAQ:TTAN) President Sells $1,749,278.90 in Stock

Key Points

• Vahe Kuzoyan, President of ServiceTitan, sold 16,690 shares of the company's stock for approximately $1.75 million on September 24th at an average price of $104.81 per share.
• ServiceTitan's stock experienced a price drop of $0.32 to $103.53 following these transactions, with a 52-week range of $79.81 to $131.33.
• Several investment firms have issued positive ratings for ServiceTitan, with target prices reaching as high as $155.00, indicating strong market confidence in the company's future performance.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) President Vahe Kuzoyan sold 16,690 shares of the company's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $104.81, for a total value of $1,749,278.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, September 23rd, Vahe Kuzoyan sold 16,504 shares of ServiceTitan stock. The stock was sold at an average price of $107.83, for a total value of $1,779,626.32.
• On Wednesday, September 17th, Vahe Kuzoyan sold 3,059 shares of ServiceTitan stock. The stock was sold at an average price of $116.04, for a total value of $354,966.36.
• On Tuesday, August 5th, Vahe Kuzoyan sold 24,582 shares of ServiceTitan stock. The stock was sold at an average price of $112.02, for a total value of $2,753,675.64.
• On Monday, August 4th, Vahe Kuzoyan sold 24,598 shares of ServiceTitan stock. The stock was sold at an average price of $114.46, for a total value of $2,815,487.08.

ServiceTitan Price Performance

TTAN traded down $0.32 on Thursday, reaching $103.53. The stock had a trading volume of 1,115,319 shares, compared to its average volume of 847,391. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $131.33. The firm has a 50-day moving average of $110.21 and a 200-day moving average of $108.81. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $9.62 billion and a price-to-earnings ratio of -19.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its stake in ServiceTitan by 251.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,195 shares of the company's stock worth $128,000 after buying an additional 855 shares during the period. Daventry Group LP acquired a new position in ServiceTitan during the 2nd quarter worth approximately $6,216,000. Squarepoint Ops LLC raised its stake in ServiceTitan by 1,015.4% during the 2nd quarter. Squarepoint Ops LLC now owns 36,451 shares of the company's stock worth $3,907,000 after buying an additional 33,183 shares during the period. Liontrust Investment Partners LLP acquired a new position in ServiceTitan during the 2nd quarter worth approximately $2,935,000. Finally, Hudson Bay Capital Management LP acquired a new position in ServiceTitan during the 2nd quarter worth approximately $2,144,000.

Analyst Ratings Changes

Several brokerages have commented on TTAN. Needham & Company LLC reaffirmed a "buy" rating and set a $140.00 target price on shares of ServiceTitan in a report on Friday, September 5th. BMO Capital Markets initiated coverage on ServiceTitan in a report on Thursday, August 28th. They set an "outperform" rating and a $129.00 target price on the stock. Canaccord Genuity Group boosted their price objective on ServiceTitan from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, September 19th. KeyCorp set a $140.00 price objective on ServiceTitan and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler reissued an "overweight" rating and issued a $155.00 price objective on shares of ServiceTitan in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, ServiceTitan currently has an average rating of "Moderate Buy" and a consensus target price of $132.67.

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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