Insider Selling: ServiceTitan (NASDAQ:TTAN) CEO Sells $3,131,200.00 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CEO Ara Mahdessian sold 32,000 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $97.85, for a total value of $3,131,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ara Mahdessian also recently made the following trade(s):

• On Wednesday, September 17th, Ara Mahdessian sold 3,059 shares of ServiceTitan stock. The shares were sold at an average price of $116.04, for a total value of $354,966.36.
• On Thursday, August 21st, Ara Mahdessian sold 45,185 shares of ServiceTitan stock. The stock was sold at an average price of $103.71, for a total value of $4,686,136.35.
• On Wednesday, August 20th, Ara Mahdessian sold 40,147 shares of ServiceTitan stock. The shares were sold at an average price of $102.71, for a total value of $4,123,498.37.
• On Thursday, July 17th, Ara Mahdessian sold 42,666 shares of ServiceTitan stock. The shares were sold at an average price of $112.51, for a total transaction of $4,800,351.66.

ServiceTitan Trading Down 0.2%

TTAN opened at $92.49 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49. The company has a market cap of $8.60 billion and a price-to-earnings ratio of -17.13. The firm has a 50 day simple moving average of $105.17 and a 200 day simple moving average of $109.58. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $131.33.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). ServiceTitan had a negative return on equity of 16.87% and a negative net margin of 26.08%.The business had revenue of $242.12 million for the quarter, compared to analyst estimates of $229.58 million. The firm’s revenue was up 25.5% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Institutional Investors Weigh In On ServiceTitan

Institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of ServiceTitan by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company’s stock worth $219,341,000 after acquiring an additional 32,066 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in ServiceTitan by 1,545.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company’s stock valued at $195,521,000 after purchasing an additional 1,930,779 shares in the last quarter. Franklin Resources Inc. increased its stake in ServiceTitan by 148.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock valued at $202,917,000 after buying an additional 1,131,062 shares during the last quarter. Invesco Ltd. lifted its position in ServiceTitan by 1,388.2% during the 2nd quarter. Invesco Ltd. now owns 1,477,369 shares of the company’s stock worth $158,344,000 after buying an additional 1,378,100 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in ServiceTitan by 300,996.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,324,823 shares of the company’s stock worth $141,995,000 after buying an additional 1,324,383 shares in the last quarter.

Analysts Set New Price Targets

TTAN has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $155.00 price target on shares of ServiceTitan in a research report on Friday, September 19th. Needham & Company LLC reiterated a “buy” rating and set a $140.00 target price on shares of ServiceTitan in a report on Friday, September 5th. Canaccord Genuity Group boosted their target price on ServiceTitan from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Truist Financial increased their price target on ServiceTitan from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Wells Fargo & Company lifted their price objective on ServiceTitan from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ServiceTitan presently has an average rating of “Moderate Buy” and an average price target of $132.67.

About ServiceTitan

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.