Michele O’connor Sells 10,000 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $69.14, for a total value of $691,400.00. Following the sale, the chief accounting officer directly owned 81,890 shares of the company’s stock, valued at approximately $5,661,874.60. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value 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 value of $360,058.44.

ServiceTitan Stock Down 4.4%

TTAN opened at $68.24 on Friday. The firm has a market cap of $6.50 billion, a PE ratio of -47.06 and a beta of 0.13. The business has a fifty day simple moving average of $63.95 and a 200-day simple moving average of $77.56. ServiceTitan Inc. has a fifty-two week low of $54.17 and a fifty-two week high of $119.99.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $268.82 million during 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% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. On average, equities research analysts anticipate that ServiceTitan Inc. will post -0.54 EPS for the current fiscal year.

Institutional Trading of ServiceTitan

Several hedge funds and other institutional investors have recently modified their holdings of TTAN. Woodline Partners LP raised its holdings in shares of ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after acquiring an additional 95 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of ServiceTitan by 16.1% during the third quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock worth $87,000 after acquiring an additional 119 shares in the last quarter. Toth Financial Advisory Corp raised 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 worth $27,000 after acquiring an additional 150 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of ServiceTitan by 189.1% during the fourth quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 174 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of ServiceTitan by 30.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock worth $96,000 after acquiring an additional 209 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on TTAN. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of ServiceTitan in a research report on Friday, June 5th. Morgan Stanley raised their target price on ServiceTitan from $118.00 to $124.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Wells Fargo & Company decreased their target price on ServiceTitan from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Piper Sandler raised their target price on ServiceTitan from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.53.

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.