ServiceTitan (NASDAQ:TTAN) CEO Sells $4,253,938.80 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CEO Ara Mahdessian sold 46,542 shares of ServiceTitan stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $91.40, for a total transaction of $4,253,938.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, November 6th, Ara Mahdessian sold 46,542 shares of ServiceTitan stock. The shares were sold at an average price of $91.40, for a total transaction of $4,253,938.80.
• On Wednesday, November 5th, Ara Mahdessian sold 14,263 shares of ServiceTitan stock. The stock was sold at an average price of $91.72, for a total transaction of $1,308,202.36.
• On Wednesday, November 5th, Ara Mahdessian sold 14,263 shares of ServiceTitan stock. The stock was sold at an average price of $91.72, for a total transaction 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 transaction of $3,131,200.00.
• On Wednesday, September 17th, Ara Mahdessian sold 3,059 shares of ServiceTitan stock. The stock was sold at an average price of $116.04, for a total transaction of $354,966.36.
• On Thursday, August 21st, Ara Mahdessian sold 45,185 shares of ServiceTitan stock. The stock was sold at an average price of $103.71, for a total transaction of $4,686,136.35.
• On Wednesday, August 20th, Ara Mahdessian sold 40,147 shares of ServiceTitan stock. The stock was sold at an average price of $102.71, for a total transaction of $4,123,498.37.

ServiceTitan Price Performance

Shares of TTAN stock traded up $0.25 during trading hours on Thursday, hitting $92.04. 845,814 shares of the company’s stock were exchanged, compared to its average volume of 621,766. The company has a market capitalization of $8.56 billion and a PE ratio of -17.04. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33. The business’s 50 day simple moving average is $103.02 and its 200-day simple moving average is $109.14. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.40). The business had revenue of $242.12 million for the quarter, compared to analysts’ expectations of $229.58 million. ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.ServiceTitan’s revenue was up 25.5% compared to the same quarter last year. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors have recently added to or reduced their stakes in TTAN. Price T Rowe Associates Inc. MD increased its position in shares of ServiceTitan by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company’s stock valued at $219,341,000 after purchasing an additional 32,066 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in ServiceTitan by 1,545.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company’s stock valued at $195,521,000 after purchasing an additional 1,930,779 shares during the last quarter. Franklin Resources Inc. raised its holdings in ServiceTitan by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock valued at $202,917,000 after buying an additional 1,131,062 shares in the last quarter. Invesco Ltd. raised its holdings in ServiceTitan by 1,388.2% during the second quarter. Invesco Ltd. now owns 1,477,369 shares of the company’s stock valued at $158,344,000 after buying an additional 1,378,100 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of ServiceTitan by 300,996.1% in the second quarter. JPMorgan Chase & Co. now owns 1,324,823 shares of the company’s stock worth $141,995,000 after purchasing an additional 1,324,383 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently commented on TTAN shares. Morgan Stanley upped their price target on shares of ServiceTitan from $109.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ServiceTitan in a report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $140.00 price target on shares of ServiceTitan in a report on Friday, September 5th. Piper Sandler reiterated an “overweight” rating and set a $155.00 price target on shares of ServiceTitan in a report on Friday, September 19th. Finally, Canaccord Genuity Group upped their price target on shares of ServiceTitan from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ServiceTitan presently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

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.