Insider Selling: ServiceTitan (NASDAQ:TTAN) CAO Sells $268,713.00 in Stock

ServiceTitan Inc. (NASDAQ:TTAN – Get Free Report) CAO Michele O’connor sold 4,380 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $61.35, for a total value of $268,713.00. Following the completion of the sale, the chief accounting officer owned 61,715 shares in the company, valued at $3,786,215.25. This represents a 6.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Michele O’connor also recently made the following trade(s):

  • On Thursday, September 17th, Michele O’connor sold 5,581 shares of ServiceTitan stock. The shares were sold at an average price of $57.07, for a total transaction of $318,507.67.
  • On Tuesday, July 7th, Michele O’connor sold 4,910 shares of ServiceTitan stock. The stock was sold at an average price of $80.93, for a total transaction of $397,366.30.

ServiceTitan Stock Down 3.2%

TTAN opened at $58.05 on Friday. The firm has a 50-day moving average price of $79.42 and a 200-day moving average price of $71.41. ServiceTitan Inc. has a twelve month low of $53.00 and a twelve month high of $111.36. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of -42.68 and a beta of 0.11.

ServiceTitan (NASDAQ:TTAN – Get Free Report) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $292.76 million for the quarter, compared to analysts’ expectations of $285.89 million. ServiceTitan had a negative net margin of 12.12% and a negative return on equity of 5.65%. ServiceTitan’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. On average, sell-side analysts expect that ServiceTitan Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of ServiceTitan

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in ServiceTitan by 598.9% in the 2nd quarter. Tidal Investments LLC now owns 27,963 shares of the company’s stock valued at $1,977,000 after purchasing an additional 23,962 shares during the period. Whetstone Capital Advisors LLC bought a new position in shares of ServiceTitan in the second quarter worth $3,275,000. WINTON GROUP Ltd bought a new position in shares of ServiceTitan in the second quarter worth $5,218,000. Integrated Wealth Concepts LLC bought a new position in shares of ServiceTitan in the second quarter worth $115,000. Finally, NewEdge Advisors LLC raised its position in shares of ServiceTitan by 7,677.2% in the second quarter. NewEdge Advisors LLC now owns 8,866 shares of the company’s stock worth $627,000 after buying an additional 8,752 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Citigroup dropped their target price on ServiceTitan from $83.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Wells Fargo & Company reduced their price target on ServiceTitan from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, September 9th. Morgan Stanley decreased their price objective on ServiceTitan from $124.00 to $92.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. Weiss Ratings cut ServiceTitan from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of ServiceTitan in a research note on Wednesday, September 9th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.38.

Read Our Latest Research Report on ServiceTitan

About ServiceTitan

(Get Free Report)

ServiceTitan, Inc develops cloud-based software designed to help residential and commercial contractors manage and grow their businesses. Its platform supports trades such as heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service industries.

The company’s products and services cover key business functions, including customer relationship management, lead generation, scheduling and dispatching, estimates, job management, invoicing, payments, financing, payroll, and business analytics.

See Also

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

Receive News & Ratings for ServiceTitan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceTitan and related companies with MarketBeat.com's FREE daily email newsletter.