Key Points
- ServiceTitan CAO Michele O'connor sold 5,000 shares on April 9 at an average price of $58.93 for a total of $294,650, leaving her with 79,416 shares (a 5.92% reduction); she also sold 5,154 shares on March 18 at about $69.86.
- ServiceTitan beat the quarter (EPS $0.27 vs. $0.18 estimate; revenue $253.99M vs. $245.47M) with revenue up 21.4% YoY, but it still posts a negative net margin (-16.64%) and ROE (-6.86%); analysts have trimmed targets yet the consensus rating is a "Moderate Buy" with an average target of $113.56.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CAO Michele O'connor sold 5,000 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $58.93, for a total transaction of $294,650.00. Following the sale, the chief accounting officer owned 79,416 shares of the company's stock, valued at $4,679,984.88. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Michele O'connor also recently made the following trade(s):
- On Wednesday, March 18th, Michele O'connor sold 5,154 shares of ServiceTitan stock. The stock was sold at an average price of $69.86, for a total transaction of $360,058.44.
ServiceTitan Stock Performance
Shares of TTAN opened at $57.35 on Tuesday. ServiceTitan Inc. has a fifty-two week low of $55.23 and a fifty-two week high of $131.33. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of -33.34 and a beta of -0.14. The firm has a 50-day simple moving average of $66.76 and a 200-day simple moving average of $86.43.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its earnings results on Thursday, March 12th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. The business had revenue of $253.99 million during the quarter, compared to the consensus estimate of $245.47 million. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.86%. The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Equities research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on TTAN shares. KeyCorp dropped their target price on shares of ServiceTitan from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, March 13th. Morgan Stanley dropped their price objective on shares of ServiceTitan from $131.00 to $118.00 and set an "overweight" rating for the company in a research note on Friday, March 13th. BTIG Research dropped their price objective on shares of ServiceTitan from $130.00 to $105.00 and set a "buy" rating for the company in a research note on Thursday, March 12th. Piper Sandler reaffirmed an "overweight" rating and issued a $120.00 target price on shares of ServiceTitan in a research note on Friday, March 13th. Finally, Wells Fargo & Company lowered their target price on shares of ServiceTitan from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, March 13th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $113.56.
Check Out Our Latest Research Report on TTAN
Hedge Funds Weigh In On ServiceTitan
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its stake in ServiceTitan by 758.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,811 shares of the company's stock worth $193,000 after buying an additional 1,600 shares during the period. Sunbelt Securities Inc. grew its position in shares of ServiceTitan by 391.0% during the 4th quarter. Sunbelt Securities Inc. now owns 491 shares of the company's stock valued at $52,000 after buying an additional 391 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of ServiceTitan during the 4th quarter valued at about $229,000. Vident Advisory LLC boosted its stake in ServiceTitan by 63.9% during the 4th quarter. Vident Advisory LLC now owns 4,824 shares of the company's stock valued at $514,000 after purchasing an additional 1,881 shares during the period. Finally, Beacon Pointe Advisors LLC acquired a new position in ServiceTitan during the 4th quarter valued at about $281,000.
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.
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