Key Points
- ServiceTitan CAO Michele O’Connor sold 5,581 shares at an average price of $57.07, worth approximately $318,508. The sale reduced her ownership by 7.79% and was intended to cover tax-withholding obligations on vested equity awards.
- ServiceTitan reported quarterly revenue of $292.76 million, up 20.9% year over year, and adjusted earnings of $0.40 per share, exceeding analyst expectations. Its AI-focused products remain a potential growth driver.
- The stock opened at $56.53, near its one-year low of $53.00, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $96.38 despite several recent target-price cuts.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) President Vahe Kuzoyan sold 3,148 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $57.07, for a total value of $179,656.36. Following the completion of the transaction, the president directly owned 2 shares in the company, valued at approximately $114.14. This represents a 99.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Vahe Kuzoyan also recently made the following trade(s):
- On Wednesday, August 12th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The shares were sold at an average price of $88.95, for a total transaction of $1,457,712.60.
- On Tuesday, August 11th, Vahe Kuzoyan sold 114,732 shares of ServiceTitan stock. The shares were sold at an average price of $88.84, for a total value of $10,192,790.88.
ServiceTitan Stock Performance
TTAN opened at $56.53 on Tuesday. The firm has a market cap of $5.45 billion, a P/E ratio of -41.57 and a beta of 0.11. ServiceTitan Inc. has a 52-week low of $53.00 and a 52-week high of $115.92. The business's fifty day moving average is $80.79 and its 200-day moving average is $71.90.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. ServiceTitan had a negative return on equity of 5.65% and a negative net margin of 12.12%.The business had revenue of $292.76 million during the quarter, compared to the consensus estimate of $285.89 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. ServiceTitan's revenue for the quarter was up 20.9% compared to the same quarter last year. On average, research analysts predict that ServiceTitan Inc. will post -0.53 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ServiceTitan
Hedge funds have recently modified their holdings of the company. State of Wyoming bought a new stake in ServiceTitan during the 1st quarter worth $48,000. Elevation Wealth Partners LLC raised its position in ServiceTitan by 20.0% in the second quarter. Elevation Wealth Partners LLC now owns 863 shares of the company's stock valued at $61,000 after purchasing an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in ServiceTitan by 30.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company's stock valued at $96,000 after purchasing an additional 209 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in ServiceTitan in the second quarter valued at about $115,000. Finally, Parallel Advisors LLC boosted its stake in shares of ServiceTitan by 226.4% during the first quarter. Parallel Advisors LLC now owns 1,717 shares of the company's stock valued at $109,000 after purchasing an additional 1,191 shares in the last quarter.
Analyst Ratings Changes
Several research firms recently issued reports on TTAN. TD Cowen reduced their price target on shares of ServiceTitan from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, September 9th. Citigroup cut their target price on ServiceTitan from $83.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, September 9th. Weiss Ratings downgraded ServiceTitan from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, September 9th. Stifel Nicolaus decreased their price target on ServiceTitan from $125.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, September 9th. Finally, UBS Group set a $100.00 price objective on ServiceTitan in a research report on Wednesday, September 9th. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.38.
Get Our Latest Analysis on TTAN
More ServiceTitan News
Here are the key news stories impacting ServiceTitan this week:
- Positive Sentiment: ServiceTitan’s AI strategy remains a potential growth driver. Its Max operating system and broader Agentic Operating System are designed to automate field-service workflows, improve technician productivity and help contractors generate more revenue. Recent quarterly results showed revenue growth of 20.9% year over year, supporting the investment case for continued AI adoption. Can Max Turn AI Adoption into Continued Growth for ServiceTitan Stock?
- Neutral Sentiment: CEO Ara Mahdessian, President Vahe Kuzoyan, CFO David Sherry and CAO Michele O’Connor sold shares at an average price of $57.07. The transactions reduced their holdings, but the filings state that the sales were made to cover tax-withholding obligations tied to vested equity awards. The CEO and president each sold 3,148 shares, while the CFO sold 23,246 shares and continued to own 363,511 shares afterward.
- Negative Sentiment: Bleichmar Fonti & Auld announced an investigation into potential securities-law violations involving ServiceTitan after the stock’s significant decline. Although the announcement does not establish wrongdoing, securities-fraud investigations can increase legal and reputational risk and may weigh on investor sentiment. TTAN Loss Alert and Securities Fraud Investigation
ServiceTitan Company Profile
(
Get Free Report)
ServiceTitan, Inc develops cloud-based software designed to help residential and commercial contractors manage and grow their businesses. Its platform supports trades such as heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service industries.
The company's products and services cover key business functions, including customer relationship management, lead generation, scheduling and dispatching, estimates, job management, invoicing, payments, financing, payroll, and business analytics.
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