Key Points
- CFO David Sherry sold 833 shares on Jan. 20 at an average price of $91.30 for $76,052.90, leaving him with 330,948 shares (a 0.25% reduction in his position).
- ServiceTitan beat quarterly revenue ($249.16M) and EPS ($0.24) estimates but remains unprofitable (net margin -23.91%, ROE -10.96%), and analysts carry a consensus "Moderate Buy" rating with an average price target of $135.31.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 145 shares of the firm's stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $88.26, for a total transaction of $12,797.70. Following the sale, the chief financial officer directly owned 330,803 shares in the company, valued at approximately $29,196,672.78. The trade was a 0.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
David Sherry also recently made the following trade(s):
- On Tuesday, January 20th, David Sherry sold 833 shares of ServiceTitan stock. The shares were sold at an average price of $91.30, for a total transaction of $76,052.90.
- On Wednesday, December 17th, David Sherry sold 11,672 shares of ServiceTitan stock. The stock was sold at an average price of $105.30, for a total value of $1,229,061.60.
- On Monday, November 17th, David Sherry sold 833 shares of ServiceTitan stock. The stock was sold at an average price of $86.20, for a total value of $71,804.60.
ServiceTitan Stock Up 2.9%
Shares of NASDAQ:TTAN opened at $90.59 on Friday. The company has a market cap of $8.48 billion and a price-to-earnings ratio of -22.20. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $131.33. The firm's 50-day simple moving average is $98.81 and its 200-day simple moving average is $102.94. 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 (NASDAQ:TTAN - Get Free Report) last issued its 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 net margin of 23.91% and a negative return on equity of 10.96%. 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 previous year, the firm earned $0.75 EPS. The business's revenue was up 25.0% on a year-over-year basis. As a group, equities research analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.
Institutional Investors Weigh In On ServiceTitan
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of ServiceTitan by 538.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company's stock worth $446,670,000 after purchasing an additional 3,735,968 shares during the period. 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 during the period. Invesco Ltd. increased its position in ServiceTitan by 1,388.2% during the 2nd 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 in the last quarter. Franklin Resources Inc. raised its holdings 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 period. Finally, CIBC Bancorp USA Inc. acquired a new position in ServiceTitan during the third quarter valued at approximately $84,983,000.
Wall Street Analysts Forecast Growth
TTAN has been the subject of a number of recent research reports. BMO Capital Markets raised their price objective on shares of ServiceTitan from $115.00 to $125.00 and gave the stock an "outperform" rating in a research note on Friday, December 5th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of ServiceTitan in a research note on Monday, December 29th. Truist Financial set a $130.00 target price on shares of ServiceTitan in a report on Tuesday, October 21st. BTIG Research initiated coverage on shares of ServiceTitan in a research note on Tuesday, December 16th. They set a "buy" rating and a $130.00 price objective on the stock. Finally, KeyCorp reissued an "overweight" rating on shares of ServiceTitan in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ServiceTitan presently has an average rating of "Moderate Buy" and an average price target of $135.31.
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About ServiceTitan
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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.
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