ServiceTitan (NASDAQ:TTAN) CEO Ara Mahdessian Sells 3,038 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN) CEO Ara Mahdessian sold 3,038 shares of ServiceTitan stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total transaction of $319,901.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ara Mahdessian also recently made the following trade(s):

• On Thursday, December 11th, Ara Mahdessian sold 42,666 shares of ServiceTitan stock. The stock was sold at an average price of $106.85, for a total transaction of $4,558,862.10.
• On Wednesday, December 10th, Ara Mahdessian sold 88,525 shares of ServiceTitan stock. The stock was sold at an average price of $107.56, for a total value of $9,521,749.00.
• On Thursday, November 6th, Ara Mahdessian sold 46,542 shares of ServiceTitan stock. The stock was sold at an average price of $91.40, for a total value of $4,253,938.80.
• On Thursday, November 6th, Ara Mahdessian sold 46,542 shares of ServiceTitan stock. The stock was sold at an average price of $91.40, for a total value of $4,253,938.80.
• On Wednesday, November 5th, Ara Mahdessian sold 14,263 shares of ServiceTitan stock. The shares were sold at an average price of $91.72, for a total value of $1,308,202.36.
• On Wednesday, November 5th, Ara Mahdessian sold 14,263 shares of ServiceTitan stock. The shares were sold at an average price of $91.72, for a total value of $1,308,202.36.
• On Monday, October 13th, Ara Mahdessian sold 32,000 shares of ServiceTitan stock. The stock was sold at an average price of $97.85, for a total value of $3,131,200.00.

ServiceTitan Trading Up 1.5%

Shares of ServiceTitan stock opened at $107.53 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.14 and a current ratio of 4.14. The firm has a 50-day moving average of $95.31 and a 200-day moving average of $103.82. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33. The stock has a market cap of $9.99 billion and a PE ratio of -26.36.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. The business had revenue of $249.16 million during the quarter, compared to analysts’ expectations of $238.26 million. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The business’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, sell-side analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new stake in shares of ServiceTitan in the 3rd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its position in ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 392 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of ServiceTitan during the third quarter worth $52,000. Parallel Advisors LLC increased its holdings in shares of ServiceTitan by 161.7% during the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock worth $53,000 after buying an additional 325 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in shares of ServiceTitan in the 2nd quarter valued at $79,000.

Wall Street Analyst Weigh In

TTAN has been the topic of a number of recent research reports. KeyCorp restated an “overweight” rating on shares of ServiceTitan in a research note on Tuesday. BTIG Research assumed coverage on ServiceTitan in a research report on Tuesday. They issued a “buy” rating and a $130.00 price target on the stock. Cowen reaffirmed a “buy” rating on shares of ServiceTitan in a research note on Friday, December 5th. Raymond James Financial assumed coverage on shares of ServiceTitan in a research note on Friday, August 29th. They set a “market perform” rating on the stock. Finally, Wells Fargo & Company boosted their target price on shares of ServiceTitan from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.25.

About ServiceTitan

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.