David Sherry Sells 9,000 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 9,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $90.83, for a total transaction of $817,470.00. Following the sale, the chief financial officer owned 386,757 shares of the company’s stock, valued at $35,129,138.31. The trade was a 2.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Sherry also recently made the following trade(s):

• On Wednesday, June 17th, David Sherry sold 20,192 shares of ServiceTitan stock. The stock was sold at an average price of $66.19, for a total value of $1,336,508.48.

ServiceTitan Trading Up 3.1%

NASDAQ TTAN opened at $91.11 on Wednesday. The stock has a 50-day simple moving average of $76.65 and a 200 day simple moving average of $69.82. The company has a market capitalization of $8.69 billion, a PE ratio of -62.83 and a beta of 0.02. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.99.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $268.82 million for the quarter, compared to analysts’ expectations of $257.40 million. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. As a group, sell-side analysts predict that ServiceTitan Inc. will post -0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ServiceTitan

Institutional investors and hedge funds have recently modified their holdings of the business. Woodline Partners LP grew its holdings in shares of ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after buying an additional 95 shares in the last quarter. Elevation Wealth Partners LLC raised its position in ServiceTitan by 20.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 863 shares of the company’s stock valued at $61,000 after buying an additional 144 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in ServiceTitan by 189.1% in the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 174 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in ServiceTitan by 21.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,042 shares of the company’s stock valued at $111,000 after acquiring an additional 184 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in ServiceTitan by 30.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock worth $96,000 after acquiring an additional 209 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TTAN. BTIG Research restated a “buy” rating and set a $110.00 price objective on shares of ServiceTitan in a report on Friday, July 10th. BMO Capital Markets increased their target price on shares of ServiceTitan from $92.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. TD Cowen lifted their price target on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of ServiceTitan in a research report on Tuesday, July 21st. Finally, UBS Group reissued a “buy” rating on shares of ServiceTitan in a report on Wednesday, July 22nd. Fourteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $108.93.

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.