Vahe Kuzoyan Sells 3,038 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) President Vahe Kuzoyan sold 3,038 shares of ServiceTitan stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total transaction of $319,901.40. Following the sale, the president directly owned 1 shares in the company, valued at $105.30. This trade represents a 99.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Vahe Kuzoyan also recently made the following trade(s):

• On Monday, December 15th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The shares were sold at an average price of $102.82, for a total transaction of $1,685,014.16.
• On Tuesday, November 11th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The shares were sold at an average price of $92.03, for a total value of $1,508,187.64.
• On Wednesday, October 8th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The stock was sold at an average price of $99.95, for a total value of $1,637,980.60.
• On Wednesday, September 24th, Vahe Kuzoyan sold 16,690 shares of ServiceTitan stock. The shares were sold at an average price of $104.81, for a total value of $1,749,278.90.
• On Tuesday, September 23rd, Vahe Kuzoyan sold 16,504 shares of ServiceTitan stock. The shares were sold at an average price of $107.83, for a total value of $1,779,626.32.

ServiceTitan Stock Up 1.5%

TTAN stock traded up $1.64 during midday trading on Thursday, hitting $107.53. 905,926 shares of the company’s stock were exchanged, compared to its average volume of 869,177. The firm has a 50 day moving average price of $95.19 and a 200-day moving average price of $103.80. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33. The stock has a market capitalization of $9.99 billion and a price-to-earnings ratio of -26.36. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. The business had revenue of $249.16 million during the quarter, compared to the consensus estimate of $238.26 million. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. On average, analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current year.

Hedge Funds Weigh In On ServiceTitan

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of ServiceTitan by 25.8% during the first quarter. Vanguard Group Inc. now owns 701,060 shares of the company’s stock worth $66,678,000 after acquiring an additional 143,574 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new stake in ServiceTitan in the 1st quarter valued at about $7,255,000. T. Rowe Price Investment Management Inc. boosted its stake in ServiceTitan by 4.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 909,131 shares of the company’s stock valued at $86,468,000 after purchasing an additional 38,827 shares during the period. Price T Rowe Associates Inc. MD grew its position in ServiceTitan by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company’s stock worth $219,341,000 after purchasing an additional 32,066 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in ServiceTitan by 1,545.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company’s stock worth $195,521,000 after purchasing an additional 1,930,779 shares during the last quarter.

Analysts Set New Price Targets

TTAN has been the subject of several recent analyst reports. BTIG Research began coverage on shares of ServiceTitan in a report on Tuesday. They set a “buy” rating and a $130.00 price objective for the company. BMO Capital Markets raised their price objective on ServiceTitan from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Canaccord Genuity Group boosted their target price on shares of ServiceTitan from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 19th. UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a report on Monday, December 1st. Finally, Wells Fargo & Company boosted their price objective on shares of ServiceTitan from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.25.

ServiceTitan Company Profile

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.