Key Points
- Ara Mahdessian, CEO of ServiceTitan (NASDAQ: TTAN), sold 32,000 shares on January 14 at an average price of $98.50 for proceeds of about $3.15 million, disclosed in an SEC Form 4.
- Mahdessian has executed multiple large insider sales since November (blocks sold in the ~$91–$108 range), representing transactions that total into the tens of millions of dollars.
- ServiceTitan recently beat quarterly revenue estimates ($249.2M, +25% YoY) but remains unprofitable on a full-year basis; analysts have an average rating of Moderate Buy with a consensus price target of $135.31.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CEO Ara Mahdessian sold 32,000 shares of the firm's stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $98.50, for a total value of $3,152,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Ara Mahdessian also recently made the following trade(s):
- On Wednesday, December 17th, Ara Mahdessian sold 3,038 shares of ServiceTitan stock. The stock was sold at an average price of $105.30, for a total transaction of $319,901.40.
- On Thursday, December 11th, Ara Mahdessian sold 42,666 shares of ServiceTitan stock. The stock was sold at an average price of $106.85, for a total transaction of $4,558,862.10.
- 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 transaction of $9,521,749.00.
- On Thursday, November 6th, Ara Mahdessian sold 46,542 shares of ServiceTitan stock. The stock was sold at an average price of $91.40, for a total transaction 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 stock was sold at an average price of $91.72, for a total transaction of $1,308,202.36.
ServiceTitan Price Performance
Shares of NASDAQ:TTAN opened at $90.11 on Friday. The firm has a market cap of $8.44 billion and a price-to-earnings ratio of -22.09. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33. 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 business has a fifty day simple moving average of $99.08 and a 200 day simple moving average of $103.60.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its earnings results on Thursday, December 4th. The company reported $0.24 earnings per share 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 company had revenue of $249.16 million for the quarter, compared to analyst estimates of $238.26 million. During the same period in the prior year, the firm posted $0.75 EPS. The business's revenue was up 25.0% compared to the same quarter last year. As a group, sell-side analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on TTAN. KeyCorp reiterated an "overweight" rating on shares of ServiceTitan in a research note on Tuesday, December 16th. BTIG Research assumed coverage on shares of ServiceTitan in a report on Tuesday, December 16th. They set a "buy" rating and a $130.00 price target on the stock. BMO Capital Markets upped their price objective on shares of ServiceTitan from $115.00 to $125.00 and gave the stock an "outperform" rating in a report on Friday, December 5th. Piper Sandler lowered their target price on shares of ServiceTitan from $155.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, December 5th. Finally, UBS Group reaffirmed a "buy" rating on shares of ServiceTitan in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.31.
Read Our Latest Analysis on TTAN
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in ServiceTitan during the 3rd quarter worth $25,000. Elevation Wealth Partners LLC bought a new position in shares of ServiceTitan in the fourth quarter worth about $36,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company's stock worth $46,000 after purchasing an additional 392 shares during the last quarter. Whittier Trust Co. bought a new stake in ServiceTitan during the 3rd quarter valued at approximately $52,000. Finally, Parallel Advisors LLC grew its holdings in ServiceTitan by 161.7% in the 3rd quarter. Parallel Advisors LLC now owns 526 shares of the company's stock valued at $53,000 after buying an additional 325 shares during the last quarter.
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.
Further Reading
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