David Sherry Sells 145 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 145 shares of ServiceTitan stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $88.26, for a total value of $12,797.70. Following the transaction, the chief financial officer directly owned 330,803 shares in the company, valued at approximately $29,196,672.78. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

David Sherry also recently made the following trade(s):

• On Tuesday, January 20th, David Sherry sold 833 shares of ServiceTitan stock. The shares were sold at an average price of $91.30, for a total transaction of $76,052.90.
• On Wednesday, December 17th, David Sherry sold 11,672 shares of ServiceTitan stock. The stock was sold at an average price of $105.30, for a total transaction of $1,229,061.60.
• On Monday, November 17th, David Sherry sold 833 shares of ServiceTitan stock. The stock was sold at an average price of $86.20, for a total transaction of $71,804.60.

ServiceTitan Stock Up 2.2%

TTAN stock opened at $92.49 on Friday. The firm has a market cap of $8.66 billion and a PE ratio of -22.67. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33. 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 firm has a 50 day simple moving average of $98.87 and a 200 day simple moving average of $102.82.

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

Institutional Trading of ServiceTitan

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of ServiceTitan by 538.4% during the third quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock worth $446,670,000 after purchasing an additional 3,735,968 shares during the period. JPMorgan Chase & Co. lifted its position in ServiceTitan by 118.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company’s stock worth $291,798,000 after buying an additional 1,569,136 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of ServiceTitan by 148.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock valued at $202,917,000 after buying an additional 1,131,062 shares during the period. Invesco Ltd. grew its holdings in shares of ServiceTitan by 1,388.2% during the 2nd quarter. Invesco Ltd. now owns 1,477,369 shares of the company’s stock valued at $158,344,000 after acquiring an additional 1,378,100 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of ServiceTitan by 116.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,098,329 shares of the company’s stock valued at $110,745,000 after acquiring an additional 591,213 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. KeyCorp reiterated an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, December 16th. Morgan Stanley upped their price objective on shares of ServiceTitan from $118.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, December 5th. UBS Group reissued a “buy” rating on shares of ServiceTitan in a research report on Monday, December 1st. Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a report on Monday, December 29th. Finally, BMO Capital Markets raised their price objective on shares of ServiceTitan from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.31.

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.