ServiceTitan (NASDAQ:TTAN) CEO Sells $4,686,136.35 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CEO Ara Mahdessian sold 45,185 shares of ServiceTitan stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $103.71, for a total transaction of $4,686,136.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ara Mahdessian also recently made the following trade(s):

• On Wednesday, August 20th, Ara Mahdessian sold 40,147 shares of ServiceTitan stock. The shares were sold at an average price of $102.71, for a total transaction of $4,123,498.37.
• On Thursday, July 17th, Ara Mahdessian sold 42,666 shares of ServiceTitan stock. The shares were sold at an average price of $112.51, for a total transaction of $4,800,351.66.
• On Wednesday, July 16th, Ara Mahdessian sold 42,674 shares of ServiceTitan stock. The shares were sold at an average price of $110.84, for a total transaction of $4,729,986.16.
• On Thursday, June 26th, Ara Mahdessian sold 24,391 shares of ServiceTitan stock. The shares were sold at an average price of $104.65, for a total value of $2,552,518.15.

ServiceTitan Trading Up 0.9%

ServiceTitan stock opened at $104.82 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.82 and a quick ratio of 4.82. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The business has a fifty day moving average of $109.04 and a two-hundred day moving average of $106.67.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $215.69 million for the quarter, compared to analyst estimates of $208.61 million. The firm’s revenue was up 26.6% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTAN has been the subject of several research reports. Morgan Stanley lifted their price target on ServiceTitan from $107.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, June 6th. Piper Sandler restated an “overweight” rating and issued a $150.00 price target (up previously from $125.00) on shares of ServiceTitan in a report on Tuesday, July 22nd. KeyCorp set a $140.00 target price on ServiceTitan and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Stifel Nicolaus boosted their target price on ServiceTitan from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Finally, Cowen restated a “buy” rating on shares of ServiceTitan in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, ServiceTitan currently has an average rating of “Moderate Buy” and a consensus target price of $126.86.

Hedge Funds Weigh In On ServiceTitan

A number of institutional investors have recently made changes to their positions in the business. Woodline Partners LP raised its position in shares of ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after purchasing an additional 95 shares in the last quarter. Assetmark Inc. raised its position in shares of ServiceTitan by 47.2% during the 1st quarter. Assetmark Inc. now owns 960 shares of the company’s stock valued at $91,000 after acquiring an additional 308 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of ServiceTitan during the 1st quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. raised its position in shares of ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 392 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of ServiceTitan during the 1st quarter valued at approximately $58,000.

About ServiceTitan

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.