ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CAO Michele O'connor sold 4,910 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $80.93, for a total transaction of $397,366.30. Following the completion of the transaction, the chief accounting officer directly owned 71,676 shares of the company's stock, valued at approximately $5,800,738.68. This trade represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Michele O'connor also recently made the following trade(s):
- On Wednesday, June 17th, Michele O'connor sold 5,304 shares of ServiceTitan stock. The shares were sold at an average price of $66.19, for a total transaction of $351,071.76.
- On Tuesday, June 9th, Michele O'connor sold 10,000 shares of ServiceTitan stock. The stock was sold at an average price of $69.14, for a total value of $691,400.00.
- On Thursday, April 9th, Michele O'connor sold 5,000 shares of ServiceTitan stock. The stock was sold at an average price of $58.93, for a total value of $294,650.00.
ServiceTitan Price Performance
ServiceTitan stock opened at $78.01 on Thursday. The firm has a market capitalization of $7.44 billion, a P/E ratio of -53.80 and a beta of 0.13. ServiceTitan Inc. has a one year low of $54.17 and a one year high of $119.99. The business has a fifty day moving average price of $66.98 and a 200-day moving average price of $73.69.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.09. The company had revenue of $268.82 million for the quarter, compared to analyst estimates of $257.40 million. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. Sell-side analysts expect that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently commented on TTAN shares. Robert W. Baird raised their price objective on shares of ServiceTitan from $75.00 to $94.00 and gave the company an "outperform" rating in a research report on Monday, June 8th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of ServiceTitan in a research note on Wednesday, June 17th. Piper Sandler boosted their price target on shares of ServiceTitan from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, June 5th. Morgan Stanley upped their price target on shares of ServiceTitan from $118.00 to $124.00 and gave the stock an "overweight" rating in a report on Friday, June 5th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of ServiceTitan in a research note on Friday, April 24th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ServiceTitan currently has a consensus rating of "Moderate Buy" and an average price target of $110.53.
View Our Latest Report on ServiceTitan
Institutional Investors Weigh In On ServiceTitan
A number of institutional investors and hedge funds have recently bought and sold shares of TTAN. Vanguard Group Inc. lifted its holdings in shares of ServiceTitan by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company's stock worth $518,549,000 after acquiring an additional 439,079 shares during the last quarter. Renaissance Capital LLC boosted its holdings in shares of ServiceTitan by 222.8% in the 4th quarter. Renaissance Capital LLC now owns 41,223 shares of the company's stock worth $4,390,000 after purchasing an additional 28,454 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of ServiceTitan in the 3rd quarter worth about $84,983,000. Zevenbergen Capital Investments LLC bought a new position in shares of ServiceTitan during the 4th quarter valued at about $4,281,000. Finally, First Trust Advisors LP increased its position in shares of ServiceTitan by 2,401.9% during the 3rd quarter. First Trust Advisors LP now owns 670,883 shares of the company's stock valued at $67,645,000 after purchasing an additional 644,068 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.
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