Vahe Kuzoyan Sells 16,388 Shares of ServiceTitan (NASDAQ:TTAN) Stock

Key Points

• Vahe Kuzoyan, President of ServiceTitan, sold 16,388 shares of the stock at an average price of $99.95, totaling approximately $1.64 million on October 8th.
• ServiceTitan's stock has experienced fluctuations with a 12-month low of $79.81 and a high of $131.33, currently trading around $101.50.
• Analysts have a consensus rating of "Moderate Buy" for ServiceTitan with a target price averaging $132.67, reflecting positive sentiment towards the stock's growth potential.

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) President Vahe Kuzoyan sold 16,388 shares of the stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $99.95, for a total transaction of $1,637,980.60. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $104.81, for a total transaction of $1,749,278.90.
• 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 transaction 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 transaction 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 transaction 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 transaction of $2,815,487.08.

ServiceTitan Stock Performance

NASDAQ TTAN traded up $2.21 during trading hours on Thursday, hitting $101.50. 714,653 shares of the stock were exchanged, compared to its average volume of 854,616. The company has a market cap of $9.43 billion and a price-to-earnings ratio of -18.80. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33. The stock has a 50-day moving average of $107.36 and a 200 day moving average of $109.57. 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 Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in shares of ServiceTitan by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company's stock worth $219,341,000 after purchasing an additional 32,066 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in 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 worth $195,521,000 after acquiring an additional 1,930,779 shares during the last quarter. Franklin Resources Inc. boosted its position in ServiceTitan by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company's stock worth $202,917,000 after acquiring an additional 1,131,062 shares during the last quarter. Invesco Ltd. boosted its position in ServiceTitan by 1,388.2% during 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 last quarter. Finally, JPMorgan Chase & Co. boosted its position in ServiceTitan by 300,996.1% during 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 last quarter.

Wall Street Analysts Forecast Growth

TTAN has been the subject of several analyst reports. KeyCorp set a $140.00 price target on shares of ServiceTitan and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Stifel Nicolaus increased their target price on shares of ServiceTitan from $135.00 to $145.00 and gave the company a "buy" rating in a report on Friday, September 19th. Canaccord Genuity Group increased their target price on shares of ServiceTitan from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, September 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $140.00 target price on shares of ServiceTitan in a report on Friday, September 5th. Finally, Loop Capital raised shares of ServiceTitan from a "hold" rating to a "buy" rating and increased their target price for the company from $100.00 to $140.00 in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned 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 presently has a consensus rating of "Moderate Buy" and a consensus price target 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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