ServiceTitan (NASDAQ:TTAN) CAO Michele O’connor Sells 5,154 Shares

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,154 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total value of $360,058.44. Following the transaction, the chief accounting officer owned 84,416 shares in the company, valued at $5,897,301.76. This represents a 5.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

ServiceTitan Stock Down 0.3%

Shares of TTAN opened at $68.51 on Friday. The firm has a market cap of $6.42 billion, a P/E ratio of -39.83 and a beta of -0.72. ServiceTitan Inc. has a 12 month low of $58.01 and a 12 month high of $131.33. The stock’s 50 day moving average is $76.75 and its two-hundred day moving average is $92.58. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Thursday, March 12th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. ServiceTitan had a negative return on equity of 6.91% and a negative net margin of 16.64%.The business had revenue of $253.99 million during the quarter, compared to the consensus estimate of $245.47 million. During the same period in the prior year, the company posted $0.12 EPS. The business’s quarterly revenue was up 21.4% on a year-over-year basis. Analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTAN has been the topic of several recent analyst reports. TD Cowen increased their price objective on shares of ServiceTitan from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, March 13th. UBS Group reissued a “buy” rating on shares of ServiceTitan in a research note on Monday, December 1st. Wells Fargo & Company reduced their price target on shares of ServiceTitan from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Truist Financial decreased their price target on shares of ServiceTitan from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, Needham & Company LLC lowered their price objective on ServiceTitan from $140.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Sixteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.56.

Key Stories Impacting ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: Analyst note: Seeking Alpha reiterates a “Buy” view, arguing margin improvements, a lower valuation after the pullback, and limited short-term AI-displacement risk for TTAN make it attractive for long-term investors. ServiceTitan: Near-Term Deceleration, But Solid Long-Term Foundation
• Neutral Sentiment: Valuation review: A recent piece examines TTAN’s valuation after volatile trading, highlighting that the pullback has reduced forward multiples but that near-term growth concerns keep uncertainty high. Investors should weigh lower implied valuation against decelerating top-line momentum. A Look At ServiceTitan (TTAN) Valuation After Recent Share Price Volatility
• Negative Sentiment: Analyst action: Truist cut its price target on TTAN despite noting a strong Q4, a move that can pressure sentiment and limit near-term upside as investors recalibrate expectations. ServiceTitan, Inc. (TTAN) Price Target Cut at Truist After Strong Q4 Performance
• Negative Sentiment: Insider selling — CFO: David Sherry sold 17,778 shares at ~$69.86, trimming his stake (~5.37% reduction). Large insider sales by senior execs can signal personal liquidity-taking and weigh on investor confidence. CFO Form 4
• Negative Sentiment: Insider selling — CAO: Michele O’Connor sold 5,154 shares at ~$69.86 (~5.75% reduction). Multiple officer sales in one day can amplify negative market reaction. CAO Form 4
• Negative Sentiment: Insider selling — CEO & President: Ara Mahdessian and Vahe Kuzoyan each sold several thousand shares (CEO 2,288; President 3,220) and now show token direct holdings, a conspicuous reduction that investors may read as a negative signal. CEO Form 4 President Form 4

Institutional Investors Weigh In On ServiceTitan

A number of large investors have recently modified their holdings of TTAN. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 3,735,968 shares during the last quarter. Truist Financial Corp increased its holdings in shares of ServiceTitan by 84.3% in the third quarter. Truist Financial Corp now owns 42,789 shares of the company’s stock valued at $4,314,000 after purchasing an additional 19,577 shares during the last quarter. Thornburg Investment Management Inc. acquired a new stake in shares of ServiceTitan in the third quarter valued at approximately $8,338,000. Sandhill Capital Partners LLC purchased a new position in ServiceTitan during the third quarter worth approximately $27,062,000. Finally, Rakuten Investment Management Inc. purchased a new position in ServiceTitan during the third quarter worth approximately $5,376,000.

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.