Insider Selling: ServiceTitan (NASDAQ:TTAN) Director Sells $12,602.00 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) Director William J.G. Griffith sold 200 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $63.01, for a total value of $12,602.00. Following the completion of the transaction, the director directly owned 483,550 shares in the company, valued at $30,468,485.50. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

William J.G. Griffith also recently made the following trade(s):

• On Tuesday, June 23rd, William J.G. Griffith sold 94,415 shares of ServiceTitan stock. The shares were sold at an average price of $63.43, for a total value of $5,988,743.45.

ServiceTitan Price Performance

NASDAQ TTAN opened at $69.20 on Friday. The business has a 50 day simple moving average of $64.96 and a 200 day simple moving average of $75.61. ServiceTitan Inc. has a one year low of $54.17 and a one year high of $119.99. The stock has a market capitalization of $6.60 billion, a P/E ratio of -47.72 and a beta of 0.13.

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

Hedge Funds Weigh In On ServiceTitan

A number of institutional investors have recently modified their holdings of the company. Woodline Partners LP lifted its holdings in shares of ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in ServiceTitan by 16.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock valued at $87,000 after purchasing an additional 119 shares in the last quarter. Toth Financial Advisory Corp increased its stake in ServiceTitan by 150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in 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 buying an additional 174 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 209 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TTAN shares. Citigroup reiterated a “neutral” rating on shares of ServiceTitan in a research note on Monday, June 8th. Truist Financial restated a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of ServiceTitan in a report on Friday, June 5th. Wells Fargo & Company reduced their price target on shares of ServiceTitan from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ServiceTitan in a research note on Friday, April 24th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of ServiceTitan in a report on Wednesday, June 17th. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.