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

ServiceTitan Inc. (NASDAQ:TTANGet Free Report) 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 completion of the transaction, the director directly owned 483,550 shares of the company’s stock, valued at $30,468,485.50. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 shares were sold at an average price of $63.43, for a total transaction of $5,988,743.45.

ServiceTitan Price Performance

Shares of NASDAQ:TTAN opened at $63.40 on Friday. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.99. The firm has a market capitalization of $6.05 billion, a P/E ratio of -43.72 and a beta of 0.13. The company’s fifty day moving average price is $64.82 and its 200 day moving average price is $75.66.

ServiceTitan (NASDAQ:TTANGet Free Report) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share (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 company had revenue of $268.82 million during the quarter, compared to the consensus estimate of $257.40 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. ServiceTitan’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, sell-side analysts anticipate that ServiceTitan Inc. will post -0.54 EPS for the current year.

ServiceTitan News Summary

Here are the key news stories impacting ServiceTitan this week:

  • Positive Sentiment: ServiceTitan highlighted early results from its Max platform, saying the AI-powered product is helping automate and improve multiple parts of the contractor workflow, including lead generation, dispatch, field execution, and technician revenue. ServiceTitan’s Max Drives AI-Powered Growth for Contractors
  • Neutral Sentiment: The company said short interest data was essentially unchanged at 0 shares, so there is no meaningful short-selling signal from the latest report.
  • Negative Sentiment: Director Byron B. Deeter sold 8,845 shares, reducing his stake by about 39%, adding to investor concern around insider confidence. SEC filing
  • Negative Sentiment: Major shareholder Iconiq Strategic Partners V, L sold 94,415 shares, a 17.6% reduction in its position, which may pressure sentiment toward TTAN. SEC filing
  • Negative Sentiment: Director William J.G. Griffith also sold shares, adding to the pattern of insider selling around ServiceTitan stock. SEC filing

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. KeyCorp restated an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Wells Fargo & Company decreased their price target on shares of ServiceTitan from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Citigroup reissued a “neutral” rating on shares of ServiceTitan in a research report on Monday, June 8th. Stifel Nicolaus set a $125.00 price objective on shares of ServiceTitan in a research note on Wednesday, May 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of ServiceTitan in a report on Wednesday, June 17th. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.53.

View Our Latest Stock Analysis on TTAN

Institutional Investors Weigh In On ServiceTitan

Several hedge funds have recently modified their holdings of the stock. Toth Financial Advisory Corp increased its stake in ServiceTitan by 150.0% in the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after buying an additional 150 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of ServiceTitan by 189.1% in 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 period. eCIO Inc. purchased a new stake in shares of ServiceTitan in the fourth quarter valued at about $30,000. Elevation Wealth Partners LLC acquired a new position in shares of ServiceTitan during the fourth quarter worth about $36,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in ServiceTitan by 1,005.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 392 shares in the last quarter.

About ServiceTitan

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for ServiceTitan (NASDAQ:TTAN)

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