ServiceTitan Inc. (NASDAQ:TTAN – Get Free Report) President Vahe Kuzoyan sold 16,388 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $88.95, for a total value of $1,457,712.60. 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.
Vahe Kuzoyan also recently made the following trade(s):
- On Tuesday, August 11th, Vahe Kuzoyan sold 114,732 shares of ServiceTitan stock. The stock was sold at an average price of $88.84, for a total transaction of $10,192,790.88.
- On Wednesday, June 17th, Vahe Kuzoyan sold 3,208 shares of ServiceTitan stock. The stock was sold at an average price of $66.19, for a total transaction of $212,337.52.
ServiceTitan Stock Performance
NASDAQ TTAN traded up $1.70 on Thursday, hitting $93.70. 1,201,068 shares of the stock traded hands, compared to its average volume of 1,457,846. The business’s fifty day moving average is $75.28 and its two-hundred day moving average is $69.86. 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 $8.94 billion, a price-to-earnings ratio of -64.62 and a beta of 0.02.
Analyst Ratings Changes
A number of analysts recently issued reports on TTAN shares. TD Cowen increased their price objective on ServiceTitan from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Morgan Stanley upped their price target on ServiceTitan from $118.00 to $124.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. BTIG Research reissued a “buy” rating and issued a $110.00 price target on shares of ServiceTitan in a report on Friday, July 10th. UBS Group restated a “buy” rating on shares of ServiceTitan in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus set a $125.00 price objective on shares of ServiceTitan in a research note on Wednesday, May 27th. 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’s stock. According to MarketBeat, ServiceTitan presently has an average rating of “Moderate Buy” and an average target price of $111.00.
View Our Latest Stock Analysis on ServiceTitan
Institutional Investors Weigh In On ServiceTitan
Several hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised 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 valued at $28,000 after buying an additional 174 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in ServiceTitan by 1,005.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 392 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in ServiceTitan by 391.0% in the fourth quarter. Sunbelt Securities Inc. now owns 491 shares of the company’s stock worth $52,000 after buying an additional 391 shares in the last quarter. Parallel Advisors LLC boosted its stake in ServiceTitan by 161.7% in the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock worth $53,000 after buying an additional 325 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in ServiceTitan during the fourth quarter valued at approximately $68,000.
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.
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