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

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

ServiceTitan Stock Up 1.9 %

Shares of ServiceTitan stock opened at $98.71 on Thursday. The firm’s 50 day moving average price is $96.53. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $112.00.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Monday, January 13th. The company reported ($1.18) EPS for the quarter. As a group, equities research analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TTAN shares. Stifel Nicolaus cut their target price on shares of ServiceTitan from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, March 14th. Robert W. Baird initiated coverage on shares of ServiceTitan in a report on Friday, December 27th. They issued an “outperform” rating and a $117.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of ServiceTitan in a research note on Friday, March 14th. Truist Financial assumed coverage on ServiceTitan in a research note on Monday, January 6th. They issued a “buy” rating and a $120.00 price target for the company. Finally, The Goldman Sachs Group started coverage on ServiceTitan in a report on Monday, January 6th. They issued a “neutral” rating and a $100.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.33.

Hedge Funds Weigh In On ServiceTitan

Hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in ServiceTitan in the 4th quarter valued at about $26,000. Assetmark Inc. purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $67,000. FIL Ltd acquired a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $67,000. Tower Research Capital LLC TRC purchased a new position in ServiceTitan during the fourth quarter worth approximately $91,000. Finally, Insight Holdings Group LLC acquired a new position in ServiceTitan during the fourth quarter worth $103,000.

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.