Insider Selling: ServiceTitan (NASDAQ:TTAN) CAO Sells 5,000 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $58.93, for a total value of $294,650.00. Following the completion of the transaction, the chief accounting officer owned 79,416 shares of the company’s stock, valued at $4,679,984.88. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Michele O’connor also recently made the following trade(s):

• On Wednesday, March 18th, Michele O’connor sold 5,154 shares of ServiceTitan stock. The shares were sold at an average price of $69.86, for a total value of $360,058.44.

ServiceTitan Stock Up 3.7%

Shares of TTAN traded up $2.06 on Monday, hitting $57.35. The company’s stock had a trading volume of 1,552,447 shares, compared to its average volume of 1,406,382. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of -33.34 and a beta of -0.14. The firm’s fifty day moving average price is $67.10 and its 200-day moving average price is $86.75. ServiceTitan Inc. has a fifty-two week low of $55.23 and a fifty-two week high of $131.33.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Thursday, March 12th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. The firm had revenue of $253.99 million for the quarter, compared to analysts’ expectations of $245.47 million. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. As a group, equities analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Needham & Company LLC cut their target price on ServiceTitan from $140.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a research note on Monday, December 29th. TD Cowen boosted their target price on ServiceTitan from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, March 13th. KeyCorp cut their target price on ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Finally, BTIG Research cut their target price on ServiceTitan from $130.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.56.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTAN. Cloud Capital Management LLC acquired a new position in shares of ServiceTitan during the 3rd quarter worth approximately $25,000. Toth Financial Advisory Corp increased its holdings in shares of ServiceTitan by 150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Farther Finance Advisors LLC increased 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 acquiring an additional 174 shares during the last quarter. eCIO Inc. acquired a new position in shares of ServiceTitan during the 4th quarter worth approximately $30,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of ServiceTitan during the 4th quarter worth approximately $36,000.

About ServiceTitan

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.