Insider Selling: ServiceTitan (NASDAQ:TTAN) President Sells $179,656.36 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) President Vahe Kuzoyan sold 3,148 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $57.07, for a total transaction of $179,656.36. Following the completion of the sale, the president directly owned 2 shares in the company, valued at approximately $114.14. This represents a 99.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Vahe Kuzoyan also recently made the following trade(s):

• On Wednesday, August 12th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The stock was sold at an average price of $88.95, for a total value of $1,457,712.60.
• 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 value of $10,192,790.88.

ServiceTitan Stock Up 0.1%

ServiceTitan stock opened at $61.65 on Thursday. The firm’s fifty day moving average is $80.08 and its 200 day moving average is $71.67. ServiceTitan Inc. has a 12-month low of $53.00 and a 12-month high of $111.36. The company has a market capitalization of $5.95 billion, a PE ratio of -45.33 and a beta of 0.11.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Tuesday, September 8th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $292.76 million during the quarter, compared to the consensus estimate of $285.89 million. ServiceTitan had a negative return on equity of 5.65% and a negative net margin of 12.12%.The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. Sell-side analysts expect that ServiceTitan Inc. will post -0.53 EPS for the current fiscal year.

Trending Headlines about ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan is partnering to expand further into roofing software, supporting management’s strategy of entering additional contractor trades and broadening its addressable market. ServiceTitan partners to push deeper into roofing software
• Positive Sentiment: Analysts still collectively rate TTAN “Moderate Buy,” with a consensus price target substantially above the current trading level. The company’s latest reported quarter also exceeded consensus estimates for both adjusted EPS and revenue, with revenue up 20.9% year over year.
• Neutral Sentiment: ServiceTitan insiders—including CEO Ara Mahdessian, President Vahe Kuzoyan, CFO David Sherry and CAO Michele O’Connor—reported stock sales. Most earlier transactions were identified as sales to cover tax withholding on vested equity awards, limiting their significance as a discretionary bearish signal. O’Connor’s latest sale totaled approximately $269,000, leaving her with 61,715 shares. ServiceTitan insider sale SEC filing
• Negative Sentiment: The primary pressure on ServiceTitan (TTAN) is fallout from its September 9 quarterly disclosure. Investors reacted sharply to unexpected revenue-recognition timing differences and slower year-over-year revenue growth, raising questions about the company’s reported growth trajectory and contributing to the stock’s steep decline. ServiceTitan revenue timing and growth concerns
• Negative Sentiment: Bleichmar Fonti & Auld and Pomerantz announced investigations into potential securities-law violations involving ServiceTitan, including disclosures related to growth, artificial-intelligence initiatives and the Max platform. The investigations do not establish wrongdoing, but they add legal, reputational and headline risk. ServiceTitan securities-fraud investigation

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stockbridge Partners LLC purchased a new position in ServiceTitan in the 2nd quarter worth $13,333,000. Natixis Advisors LLC purchased a new stake in ServiceTitan in the 4th quarter worth approximately $39,174,000. Littlejohn & Co. LLC purchased a new stake in ServiceTitan in the fourth quarter worth $19,686,000. WINTON GROUP Ltd purchased a new stake in shares of ServiceTitan in the 2nd quarter worth about $5,218,000. Finally, Tidal Investments LLC boosted its position in ServiceTitan by 598.9% during the 2nd quarter. Tidal Investments LLC now owns 27,963 shares of the company’s stock valued at $1,977,000 after acquiring an additional 23,962 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus dropped their target price on ServiceTitan from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, September 9th. Wells Fargo & Company reduced their target price on shares of ServiceTitan from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, September 9th. Canaccord Genuity Group decreased their price objective on ServiceTitan from $105.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, September 9th. Truist Financial reissued a “buy” rating and set a $100.00 target price (down from $110.00) on shares of ServiceTitan in a report on Wednesday, September 9th. Finally, Piper Sandler lowered their price target on shares of ServiceTitan from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, September 9th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.38.

About ServiceTitan

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.