ServiceTitan (NASDAQ:TTAN) CAO Sells $351,071.76 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,304 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $66.19, for a total transaction of $351,071.76. Following the transaction, the chief accounting officer owned 76,586 shares in the company, valued at approximately $5,069,227.34. The trade was a 6.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, June 9th, Michele O’connor sold 10,000 shares of ServiceTitan stock. The stock was sold at an average price of $69.14, for a total transaction of $691,400.00.
• On Thursday, April 9th, Michele O’connor sold 5,000 shares of ServiceTitan stock. The shares were sold at an average price of $58.93, for a total transaction of $294,650.00.

ServiceTitan Stock Performance

Shares of TTAN stock opened at $64.23 on Friday. The stock has a market cap of $6.13 billion, a P/E ratio of -44.30 and a beta of 0.13. ServiceTitan Inc. has a 1 year low of $54.17 and a 1 year high of $119.99. The stock has a 50 day simple moving average of $64.29 and a 200 day simple moving average of $76.65.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.37 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 return on equity of 5.59% and a negative net margin of 13.44%.The company’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Analysts forecast that ServiceTitan Inc. will post -0.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TTAN. Citigroup reaffirmed a “neutral” rating on shares of ServiceTitan in a research note on Monday, June 8th. Wells Fargo & Company reduced their price objective on shares of ServiceTitan from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a report on Tuesday, May 26th. Canaccord Genuity Group dropped their target price on shares of ServiceTitan from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of ServiceTitan in a report on Friday, March 13th. Fifteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ServiceTitan presently has an average rating of “Moderate Buy” and a consensus price target of $110.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Toth Financial Advisory Corp lifted its holdings in shares of ServiceTitan by 150.0% in the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of ServiceTitan by 189.1% in the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 174 shares in the last quarter. eCIO Inc. bought a new stake in shares of ServiceTitan during the 4th quarter valued at approximately $30,000. Elevation Wealth Partners LLC bought a new stake in shares of ServiceTitan during the 4th quarter valued at approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in ServiceTitan by 1,005.1% during the 2nd 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.

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.