Key Points
- ServiceTitan President Vahe Kuzoyan sold 114,732 shares for approximately $10.2 million under a pre-arranged Rule 10b5-1 trading plan. He also sold 16,388 shares the following day and 3,208 shares in June.
- ServiceTitan reported quarterly revenue of $268.82 million and EPS of $0.37, exceeding analyst estimates, while revenue increased 24.6% year over year. However, the company remains unprofitable, with a negative net margin of 13.44%.
- Analysts maintain a generally positive view, with 15 Buy ratings, three Holds and one Sell; the consensus rating is Moderate Buy with a $111 price target, compared with a recent share price of $93.70.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) President Vahe Kuzoyan sold 16,388 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $88.95, for a total transaction of $1,457,712.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vahe Kuzoyan also recently made the following trade(s):
- On Tuesday, August 11th, Vahe Kuzoyan sold 114,732 shares of ServiceTitan stock. The stock was sold at an average price of $88.84, for a total transaction of $10,192,790.88.
- On Wednesday, June 17th, Vahe Kuzoyan sold 3,208 shares of ServiceTitan stock. The stock was sold at an average price of $66.19, for a total transaction of $212,337.52.
ServiceTitan Stock Performance
Shares of NASDAQ:TTAN opened at $93.70 on Friday. ServiceTitan Inc. has a 52-week low of $54.17 and a 52-week high of $119.99. The company has a market capitalization of $8.94 billion, a PE ratio of -64.62 and a beta of 0.02. The company has a fifty day moving average of $75.67 and a 200-day moving average of $69.87.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. The company had revenue of $268.82 million for the quarter, compared to the consensus estimate of $257.40 million. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.ServiceTitan's revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. On average, equities analysts forecast that ServiceTitan Inc. will post -0.54 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Truist Financial restated a "buy" rating and set a $110.00 price target (up from $100.00) on shares of ServiceTitan in a report on Friday, June 5th. KeyCorp reiterated an "overweight" rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Stifel Nicolaus set a $125.00 target price on shares of ServiceTitan in a report on Wednesday, May 27th. UBS Group restated a "buy" rating on shares of ServiceTitan in a research report on Wednesday, July 22nd. Finally, Robert W. Baird raised their price target on shares of ServiceTitan from $94.00 to $101.00 and gave the company an "outperform" rating in a research note on Wednesday. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $111.00.
Get Our Latest Stock Analysis on ServiceTitan
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of TTAN. Norges Bank bought a new stake in shares of ServiceTitan in the 4th quarter valued at $112,678,000. Fuller & Thaler Asset Management Inc. bought a new position in ServiceTitan during the fourth quarter worth $89,702,000. Madison Asset Management LLC bought a new position in ServiceTitan during the second quarter worth $56,118,000. Atreides Management LP acquired a new position in ServiceTitan in the second quarter valued at $68,679,000. Finally, Two Sigma Investments LP acquired a new position in ServiceTitan in the third quarter valued at $58,836,000.
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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