ServiceTitan (NASDAQ:TTAN) President Sells $1,779,626.32 in Stock

Key Points

• Vahe Kuzoyan, President of ServiceTitan, sold multiple batches of company stock totaling over $1.7 million, with the latest sale of 16,504 shares at an average price of $107.83.
• ServiceTitan's stock (NASDAQ:TTAN) recently traded at $103.53, with a market capitalization of approximately $9.62 billion and a 1-year price range of $79.81 to $131.33.
• Analysts have a consensus rating of "Moderate Buy" for ServiceTitan stock, with target price estimates ranging from $123.00 to $140.00 from various investment firms.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) President Vahe Kuzoyan sold 16,504 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $107.83, for a total value of $1,779,626.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, September 24th, Vahe Kuzoyan sold 16,690 shares of ServiceTitan stock. The shares were sold at an average price of $104.81, for a total value of $1,749,278.90.
• On Wednesday, September 17th, Vahe Kuzoyan sold 3,059 shares of ServiceTitan stock. The shares were 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 shares were 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 shares were sold at an average price of $114.46, for a total value of $2,815,487.08.

ServiceTitan Stock Performance

Shares of TTAN stock traded down $0.32 on Thursday, hitting $103.53. 1,115,319 shares of the stock traded hands, compared to its average volume of 847,391. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49. The company has a market capitalization of $9.62 billion and a PE ratio of -19.17. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. The company's fifty day moving average is $110.21 and its 200 day moving average is $108.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank grew its stake in shares of ServiceTitan by 92,500.0% in the first quarter. Comerica Bank now owns 2,778 shares of the company's stock worth $264,000 after purchasing an additional 2,775 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of ServiceTitan during the fourth quarter valued at $529,000. Bank of America Corp DE purchased a new stake in shares of ServiceTitan during the fourth quarter valued at $540,000. Nuveen Asset Management LLC purchased a new stake in shares of ServiceTitan during the fourth quarter valued at $7,793,000. Finally, XTX Topco Ltd purchased a new stake in shares of ServiceTitan during the first quarter valued at $324,000.

Wall Street Analyst Weigh In

TTAN has been the topic of several research reports. Canaccord Genuity Group upped their price target on ServiceTitan from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Citigroup upped their price target on ServiceTitan from $111.00 to $123.00 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. Raymond James Financial started coverage on ServiceTitan in a research report on Friday, August 29th. They issued a "market perform" rating on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $140.00 target price on shares of ServiceTitan in a research report on Friday, September 5th. Finally, BMO Capital Markets began coverage on ServiceTitan in a research report on Thursday, August 28th. They issued an "outperform" rating and a $129.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.67.

About ServiceTitan

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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