David Sherry Sells 145 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 145 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $88.26, for a total value of $12,797.70. Following the transaction, the chief financial officer directly owned 330,803 shares of the company’s stock, valued at $29,196,672.78. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

David Sherry also recently made the following trade(s):

• On Tuesday, January 20th, David Sherry sold 833 shares of ServiceTitan stock. The shares were sold at an average price of $91.30, for a total value of $76,052.90.
• On Wednesday, December 17th, David Sherry sold 11,672 shares of ServiceTitan stock. The stock was sold at an average price of $105.30, for a total value of $1,229,061.60.
• On Monday, November 17th, David Sherry sold 833 shares of ServiceTitan stock. The stock was sold at an average price of $86.20, for a total value of $71,804.60.

ServiceTitan Stock Performance

TTAN stock traded up $2.55 during mid-day trading on Thursday, reaching $90.59. The company had a trading volume of 1,447,014 shares, compared to its average volume of 1,072,629. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The stock has a market capitalization of $8.48 billion and a P/E ratio of -22.20. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $98.78 and its two-hundred day simple moving average is $103.03.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. The business had revenue of $249.16 million for the quarter, compared to analysts’ expectations of $238.26 million. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Research analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current year.

Institutional Investors Weigh In On ServiceTitan

Institutional investors and hedge funds have recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new position in ServiceTitan during the 3rd quarter worth approximately $25,000. Toth Financial Advisory Corp grew its holdings in shares of ServiceTitan by 150.0% during the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. eCIO Inc. acquired a new position in ServiceTitan during the fourth quarter valued at $30,000. Elevation Wealth Partners LLC purchased a new stake in ServiceTitan in the 4th quarter worth about $36,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in ServiceTitan by 1,005.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 392 shares in the last quarter.

Wall Street Analyst Weigh In

TTAN has been the topic of several analyst reports. BMO Capital Markets raised their target price on ServiceTitan from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Truist Financial set a $130.00 price target on ServiceTitan in a report on Tuesday, October 21st. KeyCorp restated an “overweight” rating on shares of ServiceTitan in a research note on Tuesday, December 16th. UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a report on Monday, December 1st. Finally, Piper Sandler lowered their target price on shares of ServiceTitan from $155.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ServiceTitan presently has an average rating of “Moderate Buy” and a consensus price target of $135.31.

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.