Key Points
- CFO David Sherry sold 1,138 ServiceTitan shares at an average price of $75.22, generating $85,600.36. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 362,373 shares.
- ServiceTitan recently exceeded quarterly expectations, reporting $0.40 in EPS versus the $0.35 consensus and revenue of $292.76 million, up 20.9% year over year. Despite growth, the company posted a negative net margin of 12.12%.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $96.38, while shares recently traded at $78.26.
ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) CFO David Sherry sold 1,138 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $75.22, for a total transaction of $85,600.36. Following the sale, the chief financial officer directly owned 362,373 shares of the company's stock, valued at $27,257,697.06. This represents a 0.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
David Sherry also recently made the following trade(s):
- On Thursday, September 17th, David Sherry sold 23,246 shares of ServiceTitan stock. The stock was sold at an average price of $57.07, for a total transaction of $1,326,649.22.
- On Friday, August 14th, David Sherry sold 9,000 shares of ServiceTitan stock. The shares were sold at an average price of $90.83, for a total transaction of $817,470.00.
ServiceTitan Trading Up 4.4%
TTAN opened at $78.26 on Tuesday. The stock has a market capitalization of $7.55 billion, a P/E ratio of -57.54 and a beta of 0.33. ServiceTitan Inc. has a 12 month low of $53.00 and a 12 month high of $111.36. The firm's fifty day simple moving average is $76.44 and its 200 day simple moving average is $71.61.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 5.65% and a negative net margin of 12.12%. The company's revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. On average, equities research analysts predict that ServiceTitan Inc. will post -0.52 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently weighed in on TTAN shares. Needham & Company LLC reaffirmed a "buy" rating on shares of ServiceTitan in a research report on Wednesday, October 7th. Morgan Stanley dropped their target price on ServiceTitan from $124.00 to $92.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 9th. KeyCorp reissued an "overweight" rating on shares of ServiceTitan in a research report on Thursday, October 8th. BMO Capital Markets cut their target price on ServiceTitan from $103.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 9th. Finally, Stifel Nicolaus reduced their price target on ServiceTitan from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, September 9th. Fourteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.38.
Get Our Latest Stock Analysis on ServiceTitan
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in ServiceTitan by 98.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $35,000 after buying an additional 261 shares in the last quarter. State of Wyoming acquired a new position in shares of ServiceTitan during the 1st quarter worth about $48,000. Elevation Wealth Partners LLC boosted its stake in shares of ServiceTitan by 20.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 863 shares of the company's stock worth $61,000 after buying an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of ServiceTitan by 75.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,586 shares of the company's stock valued at $101,000 after acquiring an additional 680 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of ServiceTitan in the 2nd quarter valued at about $115,000.
ServiceTitan Company Profile
(
Get Free Report)
ServiceTitan, Inc provides cloud-based software designed to help residential and commercial trade contractors manage and grow their businesses. Its platform serves industries including heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service trades.
The company's software supports core operations such as customer relationship management, marketing, scheduling, dispatching, estimates, invoicing, payments, inventory management, purchasing, payroll, and business reporting.
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