Key Points
- ServiceTitan CFO David Sherry sold 11,672 shares on December 17 at an average price of $105.30 for about $1.23M, reducing his stake by 3.40% to 331,781 shares (SEC filing).
- The company beat quarterly expectations with EPS of $0.24 (vs. $0.15 est.) and revenue of $249.16M (+25% YoY), but remains unprofitable with a -23.91% net margin and a negative PE of -26.36.
- Analysts maintain a generally positive view—MarketBeat shows a consensus rating of "Moderate Buy" and a $134.25 target, while the stock trades around $107.53 with a ~$9.99B market cap.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CAO Michele O'connor sold 1,678 shares of the firm's stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total value of $176,693.40. Following the completion of the transaction, the chief accounting officer directly owned 89,571 shares in the company, valued at $9,431,826.30. This trade represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
ServiceTitan Price Performance
Shares of NASDAQ:TTAN opened at $107.53 on Friday. The company has a market capitalization of $9.99 billion and a P/E ratio of -26.36. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $131.33. The firm's 50 day simple moving average is $95.31 and its two-hundred day simple moving average is $103.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.09. The firm had revenue of $249.16 million during the quarter, compared to analysts' expectations of $238.26 million. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The company's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 earnings per share. Research analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.
Hedge Funds Weigh In On ServiceTitan
Several institutional investors have recently added to or reduced their stakes in the company. Woodline Partners LP boosted its position in shares of ServiceTitan by 4.6% during the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company's stock valued at $204,000 after acquiring an additional 95 shares during the last quarter. PNC Financial Services Group Inc. increased its position in ServiceTitan by 16.1% in the third quarter. PNC Financial Services Group Inc. now owns 858 shares of the company's stock worth $87,000 after purchasing an additional 119 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in ServiceTitan during the third quarter valued at $25,000. Parallel Advisors LLC lifted its position in ServiceTitan by 161.7% during the third quarter. Parallel Advisors LLC now owns 526 shares of the company's stock valued at $53,000 after purchasing an additional 325 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in ServiceTitan by 1,005.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company's stock valued at $46,000 after purchasing an additional 392 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of research firms have commented on TTAN. Truist Financial set a $130.00 price target on ServiceTitan in a report on Tuesday, October 21st. Stifel Nicolaus increased their target price on ServiceTitan from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. BTIG Research assumed coverage on ServiceTitan in a research note on Tuesday. They set a "buy" rating and a $130.00 target price on the stock. UBS Group reissued a "buy" rating on shares of ServiceTitan in a report on Monday, December 1st. Finally, Morgan Stanley upped their price target on ServiceTitan from $118.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, ServiceTitan currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.25.
Check Out Our Latest Research Report on ServiceTitan
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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