ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 9,000 shares of ServiceTitan stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $90.83, for a total value of $817,470.00. Following the sale, the chief financial officer directly owned 386,757 shares in the company, valued at $35,129,138.31. This trade represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
David Sherry also recently made the following trade(s):
- On Wednesday, June 17th, David Sherry sold 20,192 shares of ServiceTitan stock. The stock was sold at an average price of $66.19, for a total value of $1,336,508.48.
ServiceTitan Price Performance
TTAN stock opened at $88.39 on Tuesday. ServiceTitan Inc. has a 1-year low of $54.17 and a 1-year high of $119.99. The business has a 50 day simple moving average of $76.24 and a two-hundred day simple moving average of $69.82. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of -60.96 and a beta of 0.02.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its earnings results on Thursday, June 4th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The firm had revenue of $268.82 million for the quarter, compared to the consensus estimate of $257.40 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The company's quarterly revenue was up 24.6% compared to the same quarter last year. Sell-side analysts anticipate that ServiceTitan Inc. will post -0.54 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in TTAN. Vanguard Group Inc. raised its position in ServiceTitan by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company's stock valued at $518,549,000 after purchasing an additional 439,079 shares during the period. Franklin Resources Inc. increased its position in shares of ServiceTitan by 33.8% during the 4th quarter. Franklin Resources Inc. now owns 2,014,025 shares of the company's stock valued at $214,494,000 after purchasing an additional 508,848 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in ServiceTitan by 47.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,617,353 shares of the company's stock valued at $172,248,000 after buying an additional 519,024 shares during the period. Greenoaks Capital Partners LLC lifted its position in ServiceTitan by 20.6% in the fourth quarter. Greenoaks Capital Partners LLC now owns 1,552,257 shares of the company's stock worth $165,315,000 after buying an additional 264,926 shares during the last quarter. Finally, Capital International Investors boosted its stake in ServiceTitan by 23.9% during the fourth quarter. Capital International Investors now owns 1,224,699 shares of the company's stock worth $130,430,000 after buying an additional 236,287 shares during the period.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on TTAN shares. Citigroup reissued a "neutral" rating on shares of ServiceTitan in a research note on Monday, June 8th. Robert W. Baird lifted their price objective on ServiceTitan from $94.00 to $101.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. KeyCorp reaffirmed an "overweight" rating on shares of ServiceTitan in a report on Tuesday, May 26th. TD Cowen increased their target price on ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, June 5th. Finally, BMO Capital Markets raised their target price on shares of ServiceTitan from $92.00 to $103.00 and gave the company an "outperform" rating in a report on Friday, June 5th. Fourteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $108.93.
Get Our Latest Stock Report on TTAN
ServiceTitan Company Profile
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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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