ServiceTitan Inc. (NASDAQ:TTAN – Get Free Report) CEO Ara Mahdessian sold 49,766 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $84.75, for a total value of $4,217,668.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ara Mahdessian also recently made the following trade(s):
- On Tuesday, August 4th, Ara Mahdessian sold 38,287 shares of ServiceTitan stock. The stock was sold at an average price of $84.89, for a total transaction of $3,250,183.43.
- On Tuesday, July 7th, Ara Mahdessian sold 51,947 shares of ServiceTitan stock. The shares were sold at an average price of $80.98, for a total value of $4,206,668.06.
- On Wednesday, June 17th, Ara Mahdessian sold 3,028 shares of ServiceTitan stock. The stock was sold at an average price of $66.19, for a total value of $200,423.32.
ServiceTitan Price Performance
TTAN stock traded up $0.26 during mid-day trading on Wednesday, reaching $86.50. 821,845 shares of the company traded hands, compared to its average volume of 1,462,982. The company has a fifty day moving average price of $73.31 and a 200-day moving average price of $69.97. ServiceTitan Inc. has a 52-week low of $54.17 and a 52-week high of $119.99. The company has a market capitalization of $8.25 billion, a P/E ratio of -59.65 and a beta of 0.02.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. UBS Group restated a “buy” rating on shares of ServiceTitan in a research note on Wednesday, July 22nd. BTIG Research reaffirmed a “buy” rating and issued a $110.00 target price on shares of ServiceTitan in a research note on Friday, July 10th. BMO Capital Markets lifted their target price on shares of ServiceTitan from $92.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of ServiceTitan in a research note on Wednesday, June 17th. Finally, KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a research note on Tuesday, May 26th. Fifteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.53.
View Our Latest Stock Analysis on ServiceTitan
Hedge Funds Weigh In On ServiceTitan
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 174 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 392 shares in the last quarter. State of Wyoming bought a new position in ServiceTitan during the first quarter valued at approximately $48,000. Sunbelt Securities Inc. raised its stake in shares of ServiceTitan by 391.0% during the fourth quarter. Sunbelt Securities Inc. now owns 491 shares of the company’s stock worth $52,000 after acquiring an additional 391 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of ServiceTitan by 161.7% during the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock worth $53,000 after acquiring an additional 325 shares in the last quarter.
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.
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