David Sherry Sells 145 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 145 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $88.26, for a total transaction of $12,797.70. Following the sale, the chief financial officer owned 330,803 shares of the company’s stock, valued at approximately $29,196,672.78. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

David Sherry also recently made the following trade(s):

• On Tuesday, January 20th, David Sherry sold 833 shares of ServiceTitan stock. The shares were sold at an average price of $91.30, for a total transaction of $76,052.90.
• On Wednesday, December 17th, David Sherry sold 11,672 shares of ServiceTitan stock. The stock was sold at an average price of $105.30, for a total transaction of $1,229,061.60.
• On Monday, November 17th, David Sherry sold 833 shares of ServiceTitan stock. The shares were sold at an average price of $86.20, for a total transaction of $71,804.60.

ServiceTitan Stock Up 2.9%

Shares of ServiceTitan stock traded up $2.55 on Thursday, hitting $90.59. 1,447,014 shares of the company traded hands, compared to its average volume of 1,072,629. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.07. The company has a market cap of $8.48 billion and a PE ratio of -22.20. The company has a 50-day moving average price of $98.78 and a 200 day moving average price of $103.03.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results 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 company had revenue of $249.16 million for the quarter, compared to analyst estimates of $238.26 million. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The business’s revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. Sell-side analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTAN. UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a research report on Monday, December 1st. BMO Capital Markets boosted their target price on ServiceTitan from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. BTIG Research began coverage on ServiceTitan in a report on Tuesday, December 16th. They set a “buy” rating and a $130.00 price target on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of ServiceTitan in a research report on Monday, December 29th. Finally, The Goldman Sachs Group initiated coverage on shares of ServiceTitan in a report on Tuesday, January 13th. They set a “neutral” rating and a $117.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ServiceTitan currently has an average rating of “Moderate Buy” and an average price target of $135.31.

Institutional Trading of ServiceTitan

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of ServiceTitan in the 2nd quarter valued at about $19,146,000. Robeco Institutional Asset Management B.V. bought a new position in shares of ServiceTitan during the third quarter worth about $941,000. Bank of New York Mellon Corp raised its position in ServiceTitan by 1,247.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 84,704 shares of the company’s stock valued at $9,079,000 after buying an additional 78,416 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in ServiceTitan in the 3rd quarter valued at approximately $27,101,000. Finally, Voya Investment Management LLC acquired a new position in ServiceTitan during the 3rd quarter worth approximately $22,157,000.

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.