Key Points
- ServiceTitan President Vahe Kuzoyan sold 16,388 shares on January 5 at an average price of $100.62 for about $1.65M, leaving him with one share — a 99.99% decrease in his ownership (SEC Form 4 filed).
- Kuzoyan has made multiple recent sales (Nov. 11, Dec. 15 and Dec. 17) that together total tens of thousands of shares and several million dollars, signaling sustained insider selling activity.
- ServiceTitan has a market cap of about $9.90 billion, reported revenue up 25% year‑over‑year and an EPS beat last quarter but remains unprofitable (negative net margin and negative P/E); analysts hold a consensus "Moderate Buy" with a $136.53 price target.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) President Vahe Kuzoyan sold 16,388 shares of the firm's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $100.62, for a total transaction of $1,648,960.56. Following the completion of the sale, the president owned 1 shares of the company's stock, valued at $100.62. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Vahe Kuzoyan also recently made the following trade(s):
- On Wednesday, December 17th, Vahe Kuzoyan sold 3,038 shares of ServiceTitan stock. The stock was sold at an average price of $105.30, for a total value of $319,901.40.
- On Monday, December 15th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The shares were sold at an average price of $102.82, for a total value of $1,685,014.16.
- On Tuesday, November 11th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The shares were sold at an average price of $92.03, for a total value of $1,508,187.64.
ServiceTitan Stock Performance
Shares of NASDAQ TTAN opened at $105.74 on Thursday. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $9.90 billion and a P/E ratio of -25.92. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33. The stock has a 50 day moving average of $98.13 and a 200-day moving average of $103.77.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings results 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. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The business had revenue of $249.16 million for the quarter, compared to analysts' expectations of $238.26 million. During the same quarter in the prior year, the business earned $0.75 EPS. The firm's revenue for the quarter was up 25.0% on a year-over-year basis. As a group, equities research analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in ServiceTitan by 538.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company's stock valued at $446,670,000 after acquiring an additional 3,735,968 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ServiceTitan by 118.4% during the 3rd 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 in the last quarter. Invesco Ltd. increased its position in shares of ServiceTitan by 1,388.2% in the second quarter. Invesco Ltd. now owns 1,477,369 shares of the company's stock worth $158,344,000 after purchasing an additional 1,378,100 shares during the period. Franklin Resources Inc. raised its stake 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 purchasing an additional 1,131,062 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in ServiceTitan during the third quarter worth about $84,983,000.
Analyst Ratings Changes
TTAN has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of ServiceTitan in a report on Monday, December 29th. Stifel Nicolaus boosted their price objective on ServiceTitan from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Canaccord Genuity Group upped their target price on ServiceTitan from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Wells Fargo & Company lifted their price target on ServiceTitan from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Finally, KeyCorp restated an "overweight" rating on shares of ServiceTitan in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.53.
Get Our Latest Report on TTAN
About ServiceTitan
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
