ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry Sells 10,175 Shares

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 10,175 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $963,063.75. Following the completion of the sale, the chief financial officer now directly owns 325,409 shares of the company’s stock, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ServiceTitan Trading Up 0.5 %

Shares of TTAN stock traded up $0.50 on Monday, reaching $94.96. 257,369 shares of the company’s stock traded hands, compared to its average volume of 333,835. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $112.00. The company has a 50 day moving average of $96.62.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. On average, sell-side analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TTAN. Canaccord Genuity Group started coverage on ServiceTitan in a research report on Monday, January 6th. They issued a “buy” rating and a $120.00 target price for the company. Loop Capital reduced their price objective on shares of ServiceTitan from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, March 14th. William Blair started coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an “outperform” rating on the stock. Piper Sandler reissued an “overweight” rating and set a $125.00 target price on shares of ServiceTitan in a research note on Friday, March 14th. Finally, Baird R W upgraded shares of ServiceTitan to a “strong-buy” rating in a research report on Friday, December 27th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $114.33.

Institutional Investors Weigh In On ServiceTitan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTAN. TimesSquare Capital Management LLC acquired a new position in shares of ServiceTitan in the fourth quarter worth $87,896,000. Battery Management Corp. purchased a new position in ServiceTitan in the fourth quarter valued at about $496,599,000. Assetmark Inc. acquired a new position in ServiceTitan in the 4th quarter worth about $67,000. Burkehill Global Management LP purchased a new stake in shares of ServiceTitan during the 4th quarter worth about $5,144,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of ServiceTitan during the 4th quarter valued at about $3,692,000.

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.