Key Points
- ServiceTitan CAO Michele O’Connor sold 4,380 shares at an average price of $61.35, totaling $268,713. After the sale, she retained 61,715 shares, a 6.63% reduction in her position.
- ServiceTitan shares opened at $61.65, well below their 12-month high of $111.36. The company recently beat quarterly EPS and revenue estimates, with revenue rising 20.9% year over year, but remains unprofitable.
- Analysts maintain a consensus “Moderate Buy” rating and an average price target of $96.38, although several firms recently lowered their targets. The company also faces investor concerns regarding revenue-recognition timing and announced securities-law investigations.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CAO Michele O'connor sold 4,380 shares of the company's stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $61.35, for a total value of $268,713.00. Following the transaction, the chief accounting officer owned 61,715 shares of the company's stock, valued at approximately $3,786,215.25. This represents a 6.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michele O'connor also recently made the following trade(s):
- On Thursday, September 17th, Michele O'connor sold 5,581 shares of ServiceTitan stock. The shares were sold at an average price of $57.07, for a total transaction of $318,507.67.
- On Tuesday, July 7th, Michele O'connor sold 4,910 shares of ServiceTitan stock. The shares were sold at an average price of $80.93, for a total transaction of $397,366.30.
ServiceTitan Trading Up 0.1%
Shares of ServiceTitan stock opened at $61.65 on Thursday. ServiceTitan Inc. has a 12-month low of $53.00 and a 12-month high of $111.36. The company has a market cap of $5.95 billion, a P/E ratio of -45.33 and a beta of 0.11. The company's fifty day simple moving average is $80.08 and its two-hundred day simple moving average is $71.67.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $292.76 million during the quarter, compared to analysts' expectations of $285.89 million. ServiceTitan had a negative net margin of 12.12% and a negative return on equity of 5.65%. The company's quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. Analysts predict that ServiceTitan Inc. will post -0.53 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of ServiceTitan in a research report on Wednesday, September 9th. UBS Group set a $100.00 target price on ServiceTitan in a research report on Wednesday, September 9th. Citigroup lowered 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. TD Cowen dropped their price target on ServiceTitan from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, September 9th. Finally, KeyCorp reduced their price target on ServiceTitan from $120.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 9th. Fourteen equities 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $96.38.
View Our Latest Research Report on ServiceTitan
Hedge Funds Weigh In On ServiceTitan
A number of institutional investors and hedge funds have recently made changes to their positions in TTAN. Norges Bank purchased a new position in shares of ServiceTitan during the fourth quarter valued at approximately $112,678,000. Madison Asset Management LLC purchased a new stake in shares of ServiceTitan in the 2nd quarter worth approximately $56,118,000. Artisan Partners Limited Partnership increased its position 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 in the last quarter. Franklin Resources Inc. increased its position in 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 buying an additional 508,848 shares in the last quarter. Finally, Natixis Advisors LLC purchased a new position in ServiceTitan during the fourth quarter valued at $39,174,000.
Key Stories Impacting ServiceTitan
Here are the key news stories impacting ServiceTitan this week:
- Positive Sentiment: ServiceTitan is partnering to expand further into roofing software, supporting management’s strategy of entering additional contractor trades and broadening its addressable market. ServiceTitan partners to push deeper into roofing software
- Positive Sentiment: Analysts still collectively rate TTAN “Moderate Buy,” with a consensus price target substantially above the current trading level. The company’s latest reported quarter also exceeded consensus estimates for both adjusted EPS and revenue, with revenue up 20.9% year over year.
- Neutral Sentiment: ServiceTitan insiders—including CEO Ara Mahdessian, President Vahe Kuzoyan, CFO David Sherry and CAO Michele O’Connor—reported stock sales. Most earlier transactions were identified as sales to cover tax withholding on vested equity awards, limiting their significance as a discretionary bearish signal. O’Connor’s latest sale totaled approximately $269,000, leaving her with 61,715 shares. ServiceTitan insider sale SEC filing
- Negative Sentiment: The primary pressure on ServiceTitan (TTAN) is fallout from its September 9 quarterly disclosure. Investors reacted sharply to unexpected revenue-recognition timing differences and slower year-over-year revenue growth, raising questions about the company’s reported growth trajectory and contributing to the stock’s steep decline. ServiceTitan revenue timing and growth concerns
- Negative Sentiment: Bleichmar Fonti & Auld and Pomerantz announced investigations into potential securities-law violations involving ServiceTitan, including disclosures related to growth, artificial-intelligence initiatives and the Max platform. The investigations do not establish wrongdoing, but they add legal, reputational and headline risk. ServiceTitan 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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