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

ServiceTitan Inc. (NASDAQ:TTAN) President Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $88.95, for a total transaction of $1,457,712.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 11th, Vahe Kuzoyan sold 114,732 shares of ServiceTitan stock. The shares were sold at an average price of $88.84, for a total transaction of $10,192,790.88.
• On Wednesday, June 17th, Vahe Kuzoyan sold 3,208 shares of ServiceTitan stock. The stock was sold at an average price of $66.19, for a total transaction of $212,337.52.

ServiceTitan Trading Down 3.5%

Shares of TTAN opened at $90.40 on Friday. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.99. The firm’s 50 day moving average is $75.93 and its 200-day moving average is $70.02. The stock has a market capitalization of $8.62 billion, a PE ratio of -62.34 and a beta of 0.02.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly 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 business had revenue of $268.82 million for the quarter, compared to the consensus estimate of $257.40 million. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The firm’s quarterly 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 earnings per share. Equities research analysts predict that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTAN has been the subject of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of ServiceTitan in a research note on Friday, June 5th. KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Stifel Nicolaus set a $125.00 price objective on shares of ServiceTitan in a research note on Wednesday, May 27th. TD Cowen raised their target price on shares of ServiceTitan from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, June 5th. Finally, BMO Capital Markets boosted their target price on shares of ServiceTitan from $92.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Fifteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.00.

Hedge Funds Weigh In On ServiceTitan

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its position in shares of ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after buying an additional 174 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 392 shares in the last quarter. State of Wyoming bought a new position in ServiceTitan in the first quarter valued at about $48,000. Sunbelt Securities Inc. grew its position in ServiceTitan by 391.0% in the fourth quarter. Sunbelt Securities Inc. now owns 491 shares of the company’s stock valued at $52,000 after acquiring an additional 391 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in ServiceTitan by 161.7% during the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock worth $53,000 after acquiring an additional 325 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.