ServiceTitan (NASDAQ:TTAN) CAO Sells $691,400.00 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $69.14, for a total transaction of $691,400.00. Following the transaction, the chief accounting officer owned 81,890 shares in the company, valued at approximately $5,661,874.60. The trade was a 10.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michele O’connor also recently made the following trade(s):

• On Thursday, April 9th, Michele O’connor sold 5,000 shares of ServiceTitan stock. The stock was sold at an average price of $58.93, for a total transaction of $294,650.00.
• On Wednesday, March 18th, Michele O’connor sold 5,154 shares of ServiceTitan stock. The stock was sold at an average price of $69.86, for a total transaction of $360,058.44.

ServiceTitan Stock Down 2.2%

Shares of NASDAQ:TTAN opened at $66.77 on Friday. The company’s 50 day moving average price is $64.04 and its two-hundred day moving average price is $77.49. ServiceTitan Inc. has a 12-month low of $54.17 and a 12-month high of $119.99. The firm has a market cap of $6.37 billion, a PE ratio of -46.05 and a beta of 0.13.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $268.82 million for the quarter, compared to analyst estimates of $257.40 million. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. On average, research analysts expect that ServiceTitan Inc. will post -0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TTAN shares. Truist Financial reiterated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of ServiceTitan in a research report on Friday, June 5th. Robert W. Baird increased their price target on shares of ServiceTitan from $75.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday. William Blair restated an “outperform” rating on shares of ServiceTitan in a research report on Friday, March 13th. KeyCorp restated an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Finally, Citigroup restated a “neutral” rating on shares of ServiceTitan in a research report on Monday. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ServiceTitan currently has a consensus rating of “Moderate Buy” and an average target price of $110.53.

Institutional Trading of ServiceTitan

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of ServiceTitan by 538.4% during the third quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock worth $446,670,000 after purchasing an additional 3,735,968 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of ServiceTitan by 118.4% during the third quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company’s stock worth $291,798,000 after purchasing an additional 1,569,136 shares during the period. Norges Bank acquired a new position in shares of ServiceTitan during the fourth quarter worth $112,678,000. CIBC Bancorp USA Inc. acquired a new position in shares of ServiceTitan during the third quarter worth $84,983,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of ServiceTitan during the fourth quarter worth $89,702,000.

ServiceTitan Company Profile

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.