ServiceTitan Inc. (NASDAQ:TTAN) CFO Sells $963,063.75 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CFO David Sherry sold 10,175 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $963,063.75. Following the sale, the chief financial officer now directly owns 325,409 shares of the company’s stock, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

ServiceTitan Trading Up 0.5 %

TTAN stock opened at $94.96 on Tuesday. The company has a fifty day moving average price of $96.52. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $112.00.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. On average, research analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current year.

Analysts Set New Price Targets

TTAN has been the subject of several analyst reports. KeyCorp initiated coverage on ServiceTitan in a report on Monday, January 6th. They issued an “overweight” rating and a $120.00 target price for the company. Citigroup upped their price objective on shares of ServiceTitan from $109.00 to $113.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Stifel Nicolaus reduced their target price on shares of ServiceTitan from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Wells Fargo & Company started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $125.00 price target for the company. Finally, Morgan Stanley lifted their price target on shares of ServiceTitan from $104.00 to $107.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

Institutional Investors Weigh In On ServiceTitan

A number of hedge funds have recently added to or reduced their stakes in the business. TimesSquare Capital Management LLC acquired a new stake in shares of ServiceTitan in the fourth quarter valued at $87,896,000. Battery Management Corp. acquired a new stake in ServiceTitan in the 4th quarter valued at about $496,599,000. Assetmark Inc. purchased a new position in shares of ServiceTitan in the 4th quarter valued at about $67,000. Burkehill Global Management LP acquired a new position in shares of ServiceTitan during the fourth quarter worth about $5,144,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of ServiceTitan during the fourth quarter worth approximately $3,692,000.

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.