ServiceTitan Inc. (NASDAQ:TTAN) CAO Sells $520,007.10 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,494 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $520,007.10. Following the completion of the sale, the chief accounting officer now owns 89,302 shares of the company’s stock, valued at $8,452,434.30. The trade was a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

ServiceTitan Stock Performance

NASDAQ TTAN opened at $98.71 on Thursday. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $112.00. The stock has a 50-day moving average of $96.53.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of ServiceTitan from $109.00 to $113.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $125.00 target price on shares of ServiceTitan in a research report on Friday, March 14th. Wells Fargo & Company started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an “overweight” rating and a $125.00 target price for the company. 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 objective for the company. Finally, Truist Financial assumed coverage on ServiceTitan in a report on Monday, January 6th. They issued a “buy” rating and a $120.00 target price on the stock. Four investment 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, ServiceTitan has an average rating of “Moderate Buy” and a consensus price target of $114.33.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in ServiceTitan during the fourth quarter valued at about $26,000. Assetmark Inc. bought a new stake in ServiceTitan during the 4th quarter valued at approximately $67,000. FIL Ltd purchased a new position in ServiceTitan in the 4th quarter worth approximately $67,000. Tower Research Capital LLC TRC bought a new position in ServiceTitan in the 4th quarter worth approximately $91,000. Finally, Insight Holdings Group LLC purchased a new stake in ServiceTitan during the 4th quarter valued at approximately $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.