Michele O’connor Sells 4,910 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 4,910 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $80.93, for a total value of $397,366.30. Following the sale, the chief accounting officer owned 71,676 shares of the company’s stock, valued at approximately $5,800,738.68. This represents a 6.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Michele O’connor also recently made the following trade(s):

• On Wednesday, June 17th, Michele O’connor sold 5,304 shares of ServiceTitan stock. The shares were sold at an average price of $66.19, for a total value of $351,071.76.
• On Tuesday, June 9th, Michele O’connor sold 10,000 shares of ServiceTitan stock. The shares were sold at an average price of $69.14, for a total value of $691,400.00.
• 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.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $79.44 on Friday. ServiceTitan Inc. has a 1-year low of $54.17 and a 1-year high of $119.99. The business has a fifty day moving average price of $67.36 and a 200 day moving average price of $73.48. The stock has a market capitalization of $7.58 billion, a P/E ratio of -54.79 and a beta of 0.13.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results 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. The company had revenue of $268.82 million for 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 firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, equities research analysts anticipate that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

Institutional Trading of ServiceTitan

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in ServiceTitan by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company’s stock valued at $518,549,000 after purchasing an additional 439,079 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of ServiceTitan by 33.8% during the fourth quarter. Franklin Resources Inc. now owns 2,014,025 shares of the company’s stock worth $214,494,000 after buying an additional 508,848 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of ServiceTitan by 47.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,617,353 shares of the company’s stock valued at $172,248,000 after buying an additional 519,024 shares during the last quarter. Greenoaks Capital Partners LLC grew its holdings in shares of ServiceTitan by 20.6% during the fourth quarter. Greenoaks Capital Partners LLC now owns 1,552,257 shares of the company’s stock valued at $165,315,000 after buying an additional 264,926 shares during the last quarter. Finally, Capital International Investors increased its position in shares of ServiceTitan by 23.9% in the 4th quarter. Capital International Investors now owns 1,224,699 shares of the company’s stock valued at $130,430,000 after acquiring an additional 236,287 shares during the period.

Analysts Set New Price Targets

TTAN has been the topic of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of ServiceTitan in a research report on Friday, June 5th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of ServiceTitan in a research note on Wednesday, June 17th. BMO Capital Markets raised their target price on shares of ServiceTitan from $92.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Piper Sandler lifted their price target on shares of ServiceTitan from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Finally, BTIG Research upped their price target on ServiceTitan from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Fifteen equities research 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 data from MarketBeat.com, ServiceTitan currently 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.