ServiceTitan (NASDAQ:TTAN) Director Sells $5,988,743.45 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) Director William J.G. Griffith sold 94,415 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $63.43, for a total value of $5,988,743.45. Following the transaction, the director directly owned 443,221 shares in the company, valued at $28,113,508.03. This trade represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

William J.G. Griffith also recently made the following trade(s):

• On Monday, June 22nd, William J.G. Griffith sold 200 shares of ServiceTitan stock. The shares were sold at an average price of $63.01, for a total transaction of $12,602.00.

ServiceTitan Trading Up 1.3%

TTAN stock traded up $0.84 during trading on Wednesday, hitting $65.03. The company had a trading volume of 983,724 shares, compared to its average volume of 1,395,674. The business has a 50 day moving average of $64.54 and a 200 day moving average of $76.17. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of -44.85 and a beta of 0.13. ServiceTitan Inc. has a fifty-two week low of $54.17 and a fifty-two week high of $119.99.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Thursday, June 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The firm had revenue of $268.82 million for the quarter, compared to analysts’ expectations of $257.40 million. During the same quarter last year, the company earned $0.18 EPS. ServiceTitan’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, equities analysts predict that ServiceTitan Inc. will post -0.54 EPS for the current year.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of ServiceTitan by 538.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock worth $446,670,000 after acquiring an additional 3,735,968 shares in the last quarter. Norges Bank purchased a new stake in shares of ServiceTitan during the fourth quarter valued at $112,678,000. CIBC Bancorp USA Inc. purchased a new stake in shares of ServiceTitan during the third quarter valued at $84,983,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of ServiceTitan in the 4th quarter valued at $89,702,000. Finally, First Trust Advisors LP boosted its position in shares of ServiceTitan by 2,401.9% in the 3rd quarter. First Trust Advisors LP now owns 670,883 shares of the company’s stock valued at $67,645,000 after purchasing an additional 644,068 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Robert W. Baird boosted their target price on ServiceTitan from $75.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. BMO Capital Markets increased their price target on ServiceTitan from $92.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Stifel Nicolaus set a $125.00 price target on ServiceTitan in a research report on Wednesday, May 27th. William Blair reissued an “outperform” rating on shares of ServiceTitan in a research note on Friday, March 13th. Finally, BTIG Research upped their price objective on ServiceTitan from $90.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 5th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.53.

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.