Insider Selling: ServiceTitan (NASDAQ:TTAN) CFO Sells $1,326,649.22 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 23,246 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $57.07, for a total transaction of $1,326,649.22. Following the transaction, the chief financial officer owned 363,511 shares in the company, valued at approximately $20,745,572.77. This represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, August 14th, David Sherry sold 9,000 shares of ServiceTitan stock. The stock was sold at an average price of $90.83, for a total value of $817,470.00.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $61.65 on Thursday. The stock has a market capitalization of $5.95 billion, a P/E ratio of -45.33 and a beta of 0.11. ServiceTitan Inc. has a 1-year low of $53.00 and a 1-year high of $111.36. The business has a fifty day moving average price of $80.08 and a 200 day moving average price of $71.67.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $292.76 million for the quarter, compared to analyst estimates of $285.89 million. ServiceTitan had a negative return on equity of 5.65% and a negative net margin of 12.12%.The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, equities research analysts anticipate that ServiceTitan Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming purchased a new position in ServiceTitan in the 1st quarter worth $48,000. Elevation Wealth Partners LLC increased its holdings in shares of ServiceTitan by 20.0% in the second quarter. Elevation Wealth Partners LLC now owns 863 shares of the company’s stock valued at $61,000 after purchasing an additional 144 shares during the period. EverSource Wealth Advisors LLC increased its holdings in ServiceTitan by 30.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock worth $96,000 after buying an additional 209 shares during the period. Integrated Wealth Concepts LLC acquired a new position in ServiceTitan in the 2nd quarter worth approximately $115,000. Finally, Parallel Advisors LLC raised its position in ServiceTitan by 226.4% during the 1st quarter. Parallel Advisors LLC now owns 1,717 shares of the company’s stock worth $109,000 after buying an additional 1,191 shares during the last quarter.

ServiceTitan News Summary

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan is partnering to expand further into roofing software, supporting management’s strategy of entering additional contractor trades and broadening its addressable market. ServiceTitan partners to push deeper into roofing software
• Positive Sentiment: Analysts still collectively rate TTAN “Moderate Buy,” with a consensus price target substantially above the current trading level. The company’s latest reported quarter also exceeded consensus estimates for both adjusted EPS and revenue, with revenue up 20.9% year over year.
• Neutral Sentiment: ServiceTitan insiders—including CEO Ara Mahdessian, President Vahe Kuzoyan, CFO David Sherry and CAO Michele O’Connor—reported stock sales. Most earlier transactions were identified as sales to cover tax withholding on vested equity awards, limiting their significance as a discretionary bearish signal. O’Connor’s latest sale totaled approximately $269,000, leaving her with 61,715 shares. ServiceTitan insider sale SEC filing
• Negative Sentiment: The primary pressure on ServiceTitan (TTAN) is fallout from its September 9 quarterly disclosure. Investors reacted sharply to unexpected revenue-recognition timing differences and slower year-over-year revenue growth, raising questions about the company’s reported growth trajectory and contributing to the stock’s steep decline. ServiceTitan revenue timing and growth concerns
• Negative Sentiment: Bleichmar Fonti & Auld and Pomerantz announced investigations into potential securities-law violations involving ServiceTitan, including disclosures related to growth, artificial-intelligence initiatives and the Max platform. The investigations do not establish wrongdoing, but they add legal, reputational and headline risk. ServiceTitan securities-fraud investigation

Analysts Set New Price Targets

A number of equities research analysts recently commented on TTAN shares. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of ServiceTitan in a research report on Wednesday, September 9th. Truist Financial reaffirmed a “buy” rating and issued a $100.00 price target (down from $110.00) on shares of ServiceTitan in a report on Wednesday, September 9th. BTIG Research reaffirmed a “buy” rating and set a $110.00 price target on shares of ServiceTitan in a research report on Wednesday, September 9th. Citigroup decreased their price objective on ServiceTitan from $83.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, September 9th. Finally, TD Cowen lowered their price objective on ServiceTitan from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, September 9th. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.38.

About ServiceTitan

ServiceTitan, Inc develops cloud-based software designed to help residential and commercial contractors manage and grow their businesses. Its platform supports trades such as heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service industries.

The company’s products and services cover key business functions, including customer relationship management, lead generation, scheduling and dispatching, estimates, job management, invoicing, payments, financing, payroll, and business analytics.