Key Points
- Vahe Kuzoyan, ServiceTitan's president, sold 16,388 shares on December 15 at an average price of $102.82 for $1.685 million, continuing a series of similar insider sales dating back to September.
- ServiceTitan's latest quarter beat expectations with $0.24 EPS (vs. $0.15 est.) and $249.16M revenue (vs. $238.26M est.), but the company still reported a negative net margin (−23.91%) and negative return on equity (−10.96%) while revenue rose 25% year-over-year.
- Analyst sentiment is broadly positive (consensus rating: "Moderate Buy") with an average price target of $134.25; the stock has a market cap of about $9.84 billion and a 52‑week range of $79.81–$131.33.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) President Vahe Kuzoyan sold 16,388 shares of the business's stock in a transaction on Monday, December 15th. The stock was sold at an average price of $102.82, for a total transaction of $1,685,014.16. The sale was disclosed in a document filed with the SEC, which is available at this link.
Vahe Kuzoyan also recently made the following trade(s):
- On Tuesday, November 11th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The stock was sold at an average price of $92.03, for a total transaction of $1,508,187.64.
- On Wednesday, October 8th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The shares were sold at an average price of $99.95, for a total transaction of $1,637,980.60.
- On Wednesday, September 24th, Vahe Kuzoyan sold 16,690 shares of ServiceTitan stock. The shares were sold at an average price of $104.81, for a total transaction of $1,749,278.90.
- On Tuesday, September 23rd, Vahe Kuzoyan sold 16,504 shares of ServiceTitan stock. The stock was sold at an average price of $107.83, for a total value of $1,779,626.32.
ServiceTitan Stock Up 0.7%
Shares of NASDAQ TTAN opened at $105.89 on Thursday. The business has a 50-day moving average price of $95.19 and a 200 day moving average price of $103.80. The stock has a market cap of $9.84 billion and a PE ratio of -25.95. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.07. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.09. The company had revenue of $249.16 million during the quarter, compared to analysts' expectations of $238.26 million. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The firm's revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities research analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current year.
Institutional Investors Weigh In On ServiceTitan
Institutional investors and hedge funds have recently modified their holdings of the company. AIA Group Ltd acquired a new position in ServiceTitan during the third quarter worth $941,000. CIBC Bancorp USA Inc. acquired a new stake in ServiceTitan in the third quarter valued at $84,983,000. Dark Forest Capital Management LP purchased a new position in shares of ServiceTitan in the third quarter valued at $1,677,000. Voleon Capital Management LP purchased a new position in shares of ServiceTitan in the third quarter valued at $1,945,000. Finally, Voloridge Investment Management LLC raised its stake in shares of ServiceTitan by 306.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 500,045 shares of the company's stock worth $50,420,000 after buying an additional 376,980 shares during the last quarter.
Analysts Set New Price Targets
TTAN has been the topic of several recent research reports. TD Cowen boosted their price target on ServiceTitan from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, December 5th. Stifel Nicolaus increased their price target on ServiceTitan from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Morgan Stanley lifted their target price on shares of ServiceTitan from $118.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, December 5th. UBS Group reiterated a "buy" rating on shares of ServiceTitan in a research report on Monday, December 1st. Finally, BMO Capital Markets raised their price target on ServiceTitan from $115.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $134.25.
View Our Latest Stock Report 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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