Key Points
- Ara Mahdessian, ServiceTitan's CEO, sold 42,666 shares on December 11 at an average price of $106.85 for $4.56M, and has conducted multiple insider sales since September that total roughly $23.1 million based on disclosed filings.
- ServiceTitan beat the quarter's revenue ($249.16M vs. $238.26M est.) and EPS ($0.24 vs. $0.15 est.), but remains unprofitable with a negative net margin of 23.91% and negative return on equity.
- Shares trade near $106 (12‑month range $79.81–$131.33) with a market cap around $9.86B and a negative P/E, while analysts hold a consensus of Moderate Buy with an average target of $134.53.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CEO Ara Mahdessian sold 42,666 shares of ServiceTitan stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $106.85, for a total value of $4,558,862.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Ara Mahdessian also recently made the following trade(s):
- On Wednesday, December 10th, Ara Mahdessian sold 88,525 shares of ServiceTitan stock. The shares were sold at an average price of $107.56, for a total value of $9,521,749.00.
- On Thursday, November 6th, Ara Mahdessian sold 46,542 shares of ServiceTitan stock. The shares were sold at an average price of $91.40, for a total value of $4,253,938.80.
- On Thursday, November 6th, Ara Mahdessian sold 46,542 shares of ServiceTitan stock. The shares were sold at an average price of $91.40, for a total transaction of $4,253,938.80.
- On Wednesday, November 5th, Ara Mahdessian sold 14,263 shares of ServiceTitan stock. The shares were sold at an average price of $91.72, for a total transaction of $1,308,202.36.
- On Wednesday, November 5th, Ara Mahdessian sold 14,263 shares of ServiceTitan stock. The shares were sold at an average price of $91.72, for a total transaction of $1,308,202.36.
- On Monday, October 13th, Ara Mahdessian sold 32,000 shares of ServiceTitan stock. The shares were sold at an average price of $97.85, for a total transaction of $3,131,200.00.
- On Wednesday, September 17th, Ara Mahdessian sold 3,059 shares of ServiceTitan stock. The stock was sold at an average price of $116.04, for a total transaction of $354,966.36.
ServiceTitan Stock Down 0.9%
Shares of NASDAQ TTAN opened at $106.03 on Friday. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33. The stock's fifty day simple moving average is $94.86 and its two-hundred day simple moving average is $104.24. The stock has a market capitalization of $9.86 billion and a PE ratio of -25.99. The company has a current ratio of 4.14, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.15 by $0.09. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The firm had revenue of $249.16 million during the quarter, compared to analyst estimates of $238.26 million. During the same period in the previous year, the company posted $0.75 EPS. The business's revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.
Hedge Funds Weigh In On ServiceTitan
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in ServiceTitan by 538.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company's stock valued at $446,670,000 after purchasing an additional 3,735,968 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of ServiceTitan by 118.4% in the third quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company's stock worth $291,798,000 after purchasing an additional 1,569,136 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of ServiceTitan by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company's stock worth $219,341,000 after purchasing an additional 32,066 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of ServiceTitan by 1,545.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock worth $195,521,000 after purchasing an additional 1,930,779 shares during the period. Finally, Franklin Resources Inc. boosted its position in ServiceTitan by 148.4% in the second 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 last quarter.
Analyst Upgrades and Downgrades
Several research analysts recently commented on TTAN shares. Piper Sandler reduced their price objective on shares of ServiceTitan from $155.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, December 5th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of ServiceTitan in a report on Monday, December 1st. Truist Financial set a $130.00 price objective on ServiceTitan in a report on Tuesday, October 21st. TD Cowen raised their price objective on ServiceTitan from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, December 5th. Finally, Loop Capital raised ServiceTitan from a "hold" rating to a "buy" rating and upped their target price for the company from $100.00 to $140.00 in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $134.53.
Check Out Our Latest Stock Analysis on TTAN
ServiceTitan Company Profile
(
Get Free Report)
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.
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