ServiceTitan (NASDAQ:TTAN) Stock Price Down 5.6% - Time to Sell?

Key Points

• TTAN fell 5.6% to about $100.35 on Tuesday with trading volume down ~63% versus its average session, signaling a sharp intraday move on light volume.
• Analysts remain broadly positive—ServiceTitan has an average rating of "Moderate Buy" and an average target price of $135.31, with some firms (TD Cowen) boosting targets as high as $160.
• The company beat the quarter (EPS $0.24 vs. $0.15; revenue $249.2M) but is still unprofitable (net margin -23.91%, negative ROE), and insiders sold roughly $32.3M of stock last quarter, including the president divesting nearly all his shares.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) fell 5.6% during trading on Tuesday . The stock traded as low as $99.08 and last traded at $100.35. 258,026 shares were traded during trading, a decline of 63% from the average session volume of 699,227 shares. The stock had previously closed at $106.34.

Wall Street Analysts Forecast Growth

TTAN has been the topic of a number of research analyst reports. TD Cowen increased their price target on ServiceTitan from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, December 5th. Canaccord Genuity Group upped their price objective on shares of ServiceTitan from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, September 19th. KeyCorp restated an "overweight" rating on shares of ServiceTitan in a research note on Tuesday, December 16th. The Goldman Sachs Group started coverage on shares of ServiceTitan in a report on Tuesday. They set a "neutral" rating and a $117.00 target price for the company. Finally, Wells Fargo & Company increased their price target on shares of ServiceTitan from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, ServiceTitan presently has an average rating of "Moderate Buy" and an average target price of $135.31.

ServiceTitan Trading Down 5.6%

The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14. The company has a market capitalization of $9.40 billion and a price-to-earnings ratio of -24.61. The business's 50-day moving average price is $98.82 and its two-hundred day moving average price is $103.79.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.09. The firm had revenue of $249.16 million for the quarter, compared to the consensus estimate of $238.26 million. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The business's revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Research analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Insider Transactions at ServiceTitan

In other news, President Vahe Kuzoyan sold 16,388 shares of the company's stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $100.62, for a total value of $1,648,960.56. Following the completion of the transaction, the president owned 1 shares of the company's stock, valued at $100.62. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David Sherry sold 11,672 shares of the firm's stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $105.30, for a total transaction of $1,229,061.60. Following the completion of the transaction, the chief financial officer owned 331,781 shares of the company's stock, valued at approximately $34,936,539.30. This trade represents a 3.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 323,910 shares of company stock worth $32,324,141. 51.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ServiceTitan

Several large investors have recently modified their holdings of the business. Cloud Capital Management LLC bought a new stake in shares of ServiceTitan in the third quarter worth $25,000. Elevation Wealth Partners LLC bought a new position in ServiceTitan during the 4th quarter worth $36,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 buying an additional 392 shares during the period. Whittier Trust Co. bought a new stake in shares of ServiceTitan in the 3rd quarter valued at about $52,000. Finally, Parallel Advisors LLC increased its stake in shares of ServiceTitan by 161.7% in the third quarter. Parallel Advisors LLC now owns 526 shares of the company's stock valued at $53,000 after buying an additional 325 shares during the period.

ServiceTitan Company Profile

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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