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

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 9,000 shares of the stock in a transaction dated Friday, August 14th. The shares were 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 $35,129,138.31. This represents a 2.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $1,336,508.48.

ServiceTitan Stock Performance

Shares of TTAN stock traded down $2.01 during midday trading on Monday, reaching $88.39. 699,987 shares of the company were exchanged, compared to its average volume of 1,449,636. The company’s 50 day moving average price is $75.93 and its two-hundred day moving average price is $69.85. The company has a market cap of $8.43 billion, a P/E ratio of -60.96 and a beta of 0.02. 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 data on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The business had revenue of $268.82 million during the quarter, compared to analysts’ expectations of $257.40 million. During the same period last year, the firm posted $0.18 earnings per share. The business’s revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts predict that ServiceTitan Inc. will post -0.54 earnings per share for the current year.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors and hedge funds have recently modified their holdings of TTAN. Woodline Partners LP boosted its position in shares of ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after purchasing an additional 95 shares during the period. Elevation Wealth Partners LLC raised its holdings in ServiceTitan by 20.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 863 shares of the company’s stock worth $61,000 after buying an additional 144 shares during the period. Farther Finance Advisors LLC raised its holdings in 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 period. PNC Financial Services Group Inc. lifted its stake in ServiceTitan by 21.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,042 shares of the company’s stock valued at $111,000 after buying an additional 184 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in ServiceTitan by 30.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock valued at $96,000 after buying an additional 209 shares in the last quarter.

Analyst Upgrades and Downgrades

TTAN has been the subject of a number of research reports. Morgan Stanley increased their price target on ServiceTitan from $118.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Stifel Nicolaus set a $125.00 price objective on ServiceTitan in a report on Wednesday, May 27th. KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research note on Tuesday, May 26th. Piper Sandler lifted their target price on ServiceTitan from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of ServiceTitan in a research report on Wednesday, June 17th. Fifteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $111.00.

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.