ServiceTitan (NASDAQ:TTAN) CAO Michele O’connor Sells 5,304 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,304 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $66.19, for a total transaction of $351,071.76. Following the completion of the sale, the chief accounting officer owned 76,586 shares of the company’s stock, valued at approximately $5,069,227.34. The trade was a 6.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michele O’connor also recently made the following trade(s):

• On Tuesday, June 9th, Michele O’connor sold 10,000 shares of ServiceTitan stock. The shares were sold at an average price of $69.14, for a total transaction of $691,400.00.
• On Thursday, April 9th, Michele O’connor sold 5,000 shares of ServiceTitan stock. The shares were sold at an average price of $58.93, for a total transaction of $294,650.00.

ServiceTitan Trading Down 6.2%

TTAN stock opened at $62.45 on Thursday. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -43.07 and a beta of 0.13. ServiceTitan Inc. has a 12 month low of $54.17 and a 12 month high of $119.99. The firm has a 50-day moving average of $64.22 and a two-hundred day moving average of $76.92.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The firm had revenue of $268.82 million during the quarter, compared to analysts’ expectations of $257.40 million. During the same period last year, the business earned $0.18 earnings per share. ServiceTitan’s revenue was up 24.6% compared to the same quarter last year. As a group, equities analysts forecast that ServiceTitan Inc. will post -0.54 earnings per share for the current year.

Institutional Trading of ServiceTitan

Several institutional investors have recently added to or reduced their stakes in the stock. Woodline Partners LP increased its holdings in 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 during the last quarter. PNC Financial Services Group Inc. increased its holdings in ServiceTitan by 16.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock valued at $87,000 after purchasing an additional 119 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in ServiceTitan by 150.0% in the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in ServiceTitan by 189.1% in the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 174 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in ServiceTitan by 30.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock valued at $96,000 after purchasing an additional 209 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the stock. KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. The Goldman Sachs Group reduced their price target on shares of ServiceTitan from $117.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. BMO Capital Markets lifted their price target on shares of ServiceTitan from $92.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. William Blair reaffirmed an “outperform” rating on shares of ServiceTitan in a research report on Friday, March 13th. Finally, Piper Sandler lifted their price target on shares of ServiceTitan from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.53.

About ServiceTitan

ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.