ServiceTitan Inc. (NASDAQ:TTAN) CAO Sells $520,007.10 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $520,007.10. Following the completion of the transaction, the chief accounting officer now owns 89,302 shares in the company, valued at $8,452,434.30. This represents a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $98.71 on Thursday. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $112.00. The company’s 50-day simple moving average is $96.53.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. As a group, research analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ServiceTitan

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in shares of ServiceTitan in the 4th quarter worth about $25,365,000. New York State Common Retirement Fund bought a new stake in ServiceTitan during the 4th quarter valued at about $3,692,000. TimesSquare Capital Management LLC purchased a new position in ServiceTitan in the fourth quarter worth about $87,896,000. SBI Securities Co. Ltd. bought a new position in shares of ServiceTitan in the fourth quarter worth approximately $26,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $10,450,000.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Stifel Nicolaus dropped their price target on shares of ServiceTitan from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group began coverage on shares of ServiceTitan in a report on Monday, January 6th. They set a “buy” rating and a $120.00 target price for the company. Robert W. Baird started coverage on ServiceTitan in a report on Friday, December 27th. They set an “outperform” rating and a $117.00 price target on the stock. William Blair began coverage on ServiceTitan in a report on Monday, January 6th. They issued an “outperform” rating for the company. Finally, Morgan Stanley boosted their target price on ServiceTitan from $104.00 to $107.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

About ServiceTitan

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.