ServiceTitan (NASDAQ:TTAN) CFO David Sherry Sells 9,000 Shares

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $90.83, for a total transaction of $817,470.00. Following the completion of the transaction, the chief financial officer owned 386,757 shares of the company’s stock, valued at approximately $35,129,138.31. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Sherry also recently made the following trade(s):

• On Wednesday, June 17th, David Sherry sold 20,192 shares of ServiceTitan stock. The shares were sold at an average price of $66.19, for a total value of $1,336,508.48.

ServiceTitan Trading Down 2.2%

Shares of TTAN opened at $88.39 on Tuesday. The company has a market cap of $8.43 billion, a price-to-earnings ratio of -60.96 and a beta of 0.02. The business’s fifty day simple moving average is $76.24 and its two-hundred day simple moving average is $69.82. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.99.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings results 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 firm had revenue of $268.82 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $0.18 earnings per share. As a group, research analysts forecast that ServiceTitan Inc. will post -0.54 EPS for the current year.

Hedge Funds Weigh In On ServiceTitan

Several large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of ServiceTitan in the fourth quarter worth approximately $112,678,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of ServiceTitan during the 4th quarter valued at $89,702,000. Madison Asset Management LLC purchased a new position in shares of ServiceTitan during the 2nd quarter valued at $56,118,000. Atreides Management LP bought a new position in ServiceTitan in the 2nd quarter worth $68,679,000. Finally, Two Sigma Investments LP bought a new position in ServiceTitan in the 3rd quarter worth $58,836,000.

Analyst Ratings Changes

Several equities analysts have issued reports on TTAN shares. BTIG Research restated a “buy” rating and set a $110.00 target price on shares of ServiceTitan in a research note on Friday, July 10th. UBS Group reiterated a “buy” rating on shares of ServiceTitan in a research note on Wednesday, July 22nd. Stifel Nicolaus set a $125.00 price objective on shares of ServiceTitan in a report on Wednesday, May 27th. TD Cowen increased their price objective on shares of ServiceTitan from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, BMO Capital Markets increased their price objective 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. Fourteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, ServiceTitan has a consensus rating of “Moderate Buy” and a consensus target price of $108.93.

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.