Vahe Kuzoyan Sells 16,388 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) President Vahe Kuzoyan sold 16,388 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $100.62, for a total transaction of $1,648,960.56. Following the sale, the president owned 1 shares in the company, valued at approximately $100.62. The trade was a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Vahe Kuzoyan also recently made the following trade(s):

• On Wednesday, December 17th, Vahe Kuzoyan sold 3,038 shares of ServiceTitan stock. The shares were sold at an average price of $105.30, for a total value of $319,901.40.
• On Monday, December 15th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The stock was sold at an average price of $102.82, for a total value of $1,685,014.16.
• On Tuesday, November 11th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The stock was sold at an average price of $92.03, for a total transaction of $1,508,187.64.

ServiceTitan Price Performance

Shares of TTAN traded up $3.96 during midday trading on Wednesday, hitting $105.74. 567,989 shares of the company traded hands, compared to its average volume of 872,721. The stock has a market cap of $9.90 billion and a price-to-earnings ratio of -25.92. The firm has a 50 day moving average of $97.94 and a 200-day moving average of $103.75. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.14 and a current ratio of 4.14. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $131.33.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The firm had revenue of $249.16 million during the quarter, compared to analyst estimates of $238.26 million. During the same period last year, the firm posted $0.75 earnings per share. ServiceTitan’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TTAN. Wells Fargo & Company raised their price target on ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Canaccord Genuity Group increased their target price on ServiceTitan from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Cowen reissued a “buy” rating on shares of ServiceTitan in a research note on Friday, December 5th. BMO Capital Markets lifted their price objective on shares of ServiceTitan from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, Citigroup raised their target price on shares of ServiceTitan from $111.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.53.

Hedge Funds Weigh In On ServiceTitan

A number of hedge funds and other institutional investors have recently modified their holdings of TTAN. Comerica Bank raised its stake in ServiceTitan by 92,500.0% in the first quarter. Comerica Bank now owns 2,778 shares of the company’s stock worth $264,000 after buying an additional 2,775 shares in the last quarter. Alliancebernstein L.P. boosted its position in ServiceTitan by 143.1% during the 1st quarter. Alliancebernstein L.P. now owns 356,490 shares of the company’s stock valued at $33,906,000 after acquiring an additional 209,822 shares in the last quarter. Woodline Partners LP increased its holdings in shares of ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after acquiring an additional 95 shares during the period. Perpetual Ltd bought a new position in shares of ServiceTitan in the 2nd quarter worth $324,000. Finally, Northside Capital Management LLC purchased a new stake in shares of ServiceTitan during the 2nd quarter worth $284,000.

About ServiceTitan

ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.