ServiceTitan (NASDAQ:TTAN) CAO Michele O’connor Sells 4,910 Shares

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 4,910 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $80.93, for a total value of $397,366.30. Following the completion of the transaction, the chief accounting officer directly owned 71,676 shares in the company, valued at approximately $5,800,738.68. This trade represents a 6.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, June 17th, Michele O’connor sold 5,304 shares of ServiceTitan stock. The shares were sold at an average price of $66.19, for a total value of $351,071.76.
• On Tuesday, June 9th, Michele O’connor sold 10,000 shares of ServiceTitan stock. The stock was sold at an average price of $69.14, for a total value of $691,400.00.
• On Thursday, April 9th, Michele O’connor sold 5,000 shares of ServiceTitan stock. The stock was sold at an average price of $58.93, for a total value of $294,650.00.

ServiceTitan Trading Down 2.1%

Shares of ServiceTitan stock traded down $1.69 during trading on Wednesday, hitting $78.01. 1,203,420 shares of the stock traded hands, compared to its average volume of 1,479,449. The stock’s fifty day simple moving average is $66.63 and its 200 day simple moving average is $73.90. The firm has a market cap of $7.44 billion, a P/E ratio of -53.80 and a beta of 0.13. ServiceTitan Inc. has a 52-week low of $54.17 and a 52-week 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 the consensus estimate of $0.28 by $0.09. The company had revenue of $268.82 million for the quarter, compared to analysts’ expectations of $257.40 million. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. As a group, equities analysts expect that ServiceTitan Inc. will post -0.54 EPS for the current year.

Hedge Funds Weigh In On ServiceTitan

Large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of ServiceTitan during the 4th quarter valued at $112,678,000. CIBC Bancorp USA Inc. acquired a new position in ServiceTitan during the 3rd quarter valued at about $84,983,000. Fuller & Thaler Asset Management Inc. acquired a new position in ServiceTitan during the 4th quarter valued at about $89,702,000. First Trust Advisors LP raised its stake in ServiceTitan by 2,401.9% in the third quarter. First Trust Advisors LP now owns 670,883 shares of the company’s stock valued at $67,645,000 after buying an additional 644,068 shares during the last quarter. Finally, Atreides Management LP purchased a new stake in ServiceTitan in the second quarter valued at about $68,679,000.

Analyst Ratings Changes

TTAN has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of ServiceTitan from $118.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. BTIG Research lifted their price target on ServiceTitan from $90.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 5th. BMO Capital Markets upped their price objective on ServiceTitan from $92.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. The Goldman Sachs Group dropped their price objective on ServiceTitan from $117.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Finally, Wells Fargo & Company reduced their target price on shares of ServiceTitan from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Fifteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ServiceTitan has an average rating of “Moderate Buy” and a consensus target price of $110.53.

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.