ServiceTitan (NASDAQ:TTAN) President Vahe Kuzoyan Sells 16,388 Shares

ServiceTitan Inc. (NASDAQ:TTAN) President Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $88.95, for a total value of $1,457,712.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vahe Kuzoyan also recently made the following trade(s):

• On Tuesday, August 11th, Vahe Kuzoyan sold 114,732 shares of ServiceTitan stock. The shares were sold at an average price of $88.84, for a total value of $10,192,790.88.
• On Wednesday, June 17th, Vahe Kuzoyan sold 3,208 shares of ServiceTitan stock. The stock was sold at an average price of $66.19, for a total value of $212,337.52.

ServiceTitan Stock Performance

TTAN opened at $93.70 on Friday. The stock has a fifty day moving average of $75.67 and a 200-day moving average of $69.87. The company has a market capitalization of $8.94 billion, a P/E ratio of -64.62 and a beta of 0.02. ServiceTitan Inc. has a fifty-two week low of $54.17 and a fifty-two week high of $119.99.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.37 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 for the quarter, compared to the consensus estimate of $257.40 million. During the same period in the prior year, the company posted $0.18 earnings per share. ServiceTitan’s revenue was up 24.6% compared to the same quarter last year. On average, equities research analysts predict that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TTAN. BTIG Research reaffirmed a “buy” rating and set a $110.00 target price on shares of ServiceTitan in a report on Friday, July 10th. Truist Financial reissued a “buy” rating and set a $110.00 price target (up from $100.00) on shares of ServiceTitan in a research report on Friday, June 5th. BMO Capital Markets raised their price objective on ServiceTitan from $92.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. TD Cowen lifted their price objective on ServiceTitan from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, June 5th. Finally, Piper Sandler upped their target price on ServiceTitan from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Fifteen 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $111.00.

Hedge Funds Weigh In On ServiceTitan

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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. State of Wyoming bought a new position in ServiceTitan in the first quarter valued at about $48,000. Sunbelt Securities Inc. grew its position in ServiceTitan by 391.0% in the fourth quarter. Sunbelt Securities Inc. now owns 491 shares of the company’s stock valued at $52,000 after acquiring an additional 391 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in ServiceTitan by 161.7% during the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock worth $53,000 after acquiring an additional 325 shares in the last quarter.

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.