ServiceTitan (NASDAQ:TTAN) CAO Sells 1,678 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 1,678 shares of ServiceTitan stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total transaction of $176,693.40. Following the transaction, the chief accounting officer owned 89,571 shares in the company, valued at $9,431,826.30. This represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ServiceTitan Stock Performance

NASDAQ:TTAN traded up $1.64 during mid-day trading on Thursday, hitting $107.53. 897,321 shares of the company traded hands, compared to its average volume of 869,176. The stock’s fifty day moving average price is $95.19 and its 200-day moving average price is $103.80. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.07. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The firm has a market cap of $9.99 billion and a price-to-earnings ratio of -26.36.

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

Institutional Trading of ServiceTitan

A number of institutional investors and hedge funds have recently bought and sold shares of TTAN. Woodline Partners LP lifted its stake in ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of ServiceTitan by 16.1% in the third quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock worth $87,000 after purchasing an additional 119 shares during the last quarter. Cloud Capital Management LLC bought a new stake in shares of ServiceTitan in the third quarter worth about $25,000. Parallel Advisors LLC lifted its position in shares of ServiceTitan by 161.7% in the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock worth $53,000 after buying an additional 325 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 392 shares in the last quarter.

Analyst Upgrades and Downgrades

TTAN has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of ServiceTitan from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Robert W. Baird lifted their target price on shares of ServiceTitan from $124.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Morgan Stanley upped their target price on shares of ServiceTitan from $118.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, December 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a research note on Monday, December 1st. Finally, Citigroup boosted their price objective on ServiceTitan from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.25.

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.