ServiceTitan (NASDAQ:TTAN) CEO Ara Mahdessian Sells 46,542 Shares

ServiceTitan Inc. (NASDAQ:TTAN) CEO Ara Mahdessian sold 46,542 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $91.40, for a total value of $4,253,938.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ara Mahdessian also recently made the following trade(s):

• On Thursday, November 6th, Ara Mahdessian sold 46,542 shares of ServiceTitan stock. The shares were sold at an average price of $91.40, for a total value of $4,253,938.80.
• On Wednesday, November 5th, Ara Mahdessian sold 14,263 shares of ServiceTitan stock. The shares were sold at an average price of $91.72, for a total value of $1,308,202.36.
• On Wednesday, November 5th, Ara Mahdessian sold 14,263 shares of ServiceTitan stock. The shares were sold at an average price of $91.72, for a total value of $1,308,202.36.
• On Monday, October 13th, Ara Mahdessian sold 32,000 shares of ServiceTitan stock. The shares were sold at an average price of $97.85, for a total value of $3,131,200.00.
• On Wednesday, September 17th, Ara Mahdessian sold 3,059 shares of ServiceTitan stock. The stock was sold at an average price of $116.04, for a total value of $354,966.36.
• On Thursday, August 21st, Ara Mahdessian sold 45,185 shares of ServiceTitan stock. The stock was sold at an average price of $103.71, for a total value of $4,686,136.35.
• On Wednesday, August 20th, Ara Mahdessian sold 40,147 shares of ServiceTitan stock. The stock was sold at an average price of $102.71, for a total value of $4,123,498.37.

ServiceTitan Price Performance

Shares of NASDAQ:TTAN traded up $0.25 on Thursday, hitting $92.04. The company’s stock had a trading volume of 845,814 shares, compared to its average volume of 621,766. The company has a 50-day simple moving average of $103.02 and a 200 day simple moving average of $109.14. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33. The company has a market capitalization of $8.56 billion and a PE ratio of -17.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). The company had revenue of $242.12 million during the quarter, compared to analysts’ expectations of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The firm’s quarterly revenue was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Sell-side analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TTAN shares. Loop Capital upgraded ServiceTitan from a “hold” rating to a “buy” rating and raised their target price for the stock from $100.00 to $140.00 in a research note on Monday, August 18th. Morgan Stanley raised their target price on ServiceTitan from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ServiceTitan in a research note on Wednesday, October 8th. Raymond James Financial began coverage on ServiceTitan in a research note on Friday, August 29th. They set a “market perform” rating for the company. Finally, Stifel Nicolaus lifted their price objective on ServiceTitan from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Institutional Trading of ServiceTitan

Several institutional investors and hedge funds have recently made changes to their positions in TTAN. Woodline Partners LP increased its stake in shares of ServiceTitan by 4.6% in the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of ServiceTitan in the third quarter worth about $25,000. Assetmark Inc. increased its stake in shares of ServiceTitan by 47.2% in the first quarter. Assetmark Inc. now owns 960 shares of the company’s stock worth $91,000 after purchasing an additional 308 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased 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 worth $46,000 after purchasing an additional 392 shares in the last quarter. Finally, Whittier Trust Co. purchased a new position in shares of ServiceTitan in the third quarter worth about $52,000.

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.