Michele O’connor Sells 5,188 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,188 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $116.05, for a total value of $602,067.40. Following the transaction, the chief accounting officer directly owned 93,748 shares of the company’s stock, valued at $10,879,455.40. The trade was a 5.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ServiceTitan Price Performance

Shares of ServiceTitan stock opened at $117.16 on Friday. The business has a 50 day simple moving average of $110.22 and a two-hundred day simple moving average of $108.26. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33. The stock has a market capitalization of $10.62 billion and a P/E ratio of -21.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TTAN shares. Citigroup upped their price target on ServiceTitan from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Truist Financial upped their price target on ServiceTitan from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Raymond James Financial started coverage on ServiceTitan in a research report on Friday, August 29th. They issued a “market perform” rating for the company. Stifel Nicolaus increased their price objective on ServiceTitan from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price objective on shares of ServiceTitan in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Woodline Partners LP boosted its position in shares of ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after buying an additional 95 shares during the period. Assetmark Inc. boosted its position in shares of ServiceTitan by 47.2% during the first quarter. Assetmark Inc. now owns 960 shares of the company’s stock worth $91,000 after buying an additional 308 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of ServiceTitan during the first quarter worth $31,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 392 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of ServiceTitan in the first quarter valued at $58,000.

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.