ServiceTitan (NASDAQ:TTAN) Director William J.G. Griffith Sells 200 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN) Director William J.G. Griffith sold 200 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $63.01, for a total value of $12,602.00. Following the sale, the director directly owned 483,550 shares in the company, valued at approximately $30,468,485.50. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

William J.G. Griffith also recently made the following trade(s):

• On Tuesday, June 23rd, William J.G. Griffith sold 94,415 shares of ServiceTitan stock. The stock was sold at an average price of $63.43, for a total value of $5,988,743.45.

ServiceTitan Price Performance

ServiceTitan stock opened at $65.03 on Thursday. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.99. The company has a fifty day moving average price of $64.70 and a two-hundred day moving average price of $75.96. The company has a market cap of $6.20 billion, a PE ratio of -44.85 and a beta of 0.13.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $268.82 million for the quarter, compared to analysts’ expectations of $257.40 million. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. Equities research analysts anticipate that ServiceTitan Inc. will post -0.54 earnings per share for the current year.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a research note on Friday, April 24th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of ServiceTitan in a research report on Wednesday, June 17th. KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Truist Financial reiterated 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. Finally, Robert W. Baird boosted their price objective on ServiceTitan from $75.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Fifteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.53.

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.