ServiceTitan Inc. (NASDAQ:TTAN – Get Free Report) CFO David Sherry sold 20,192 shares of ServiceTitan stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $66.19, for a total transaction of $1,336,508.48. Following the completion of the sale, the chief financial officer owned 398,033 shares in the company, valued at approximately $26,345,804.27. This trade represents a 4.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
ServiceTitan Stock Down 6.2%
TTAN opened at $62.45 on Thursday. ServiceTitan Inc. has a twelve month low of $54.17 and a twelve month high of $119.99. The company has a 50-day moving average price of $64.22 and a 200 day moving average price of $76.92. The company has a market cap of $5.96 billion, a PE ratio of -43.07 and a beta of 0.13.
ServiceTitan (NASDAQ:TTAN – Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $268.82 million for the quarter, compared to analyst estimates of $257.40 million. During the same period last year, the company posted $0.18 EPS. ServiceTitan’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, sell-side analysts expect that ServiceTitan Inc. will post -0.54 earnings per share for the current year.
Hedge Funds Weigh In On ServiceTitan
Analyst Ratings Changes
TTAN has been the subject of several research reports. Canaccord Genuity Group dropped their price target on ServiceTitan from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, March 13th. TD Cowen raised their price objective on ServiceTitan from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, June 5th. KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ServiceTitan in a report on Friday, April 24th. Finally, BMO Capital Markets increased 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. Fifteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.53.
Check Out Our Latest Stock Report on ServiceTitan
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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