ServiceTitan (NASDAQ:TTAN) President Vahe Kuzoyan Sells 114,732 Shares

ServiceTitan Inc. (NASDAQ:TTAN) President Vahe Kuzoyan sold 114,732 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $88.84, for a total value of $10,192,790.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 12th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The shares were sold at an average price of $88.95, for a total value of $1,457,712.60.
• On Wednesday, June 17th, Vahe Kuzoyan sold 3,208 shares of ServiceTitan stock. The shares were sold at an average price of $66.19, for a total value of $212,337.52.

ServiceTitan Stock Performance

NASDAQ:TTAN opened at $93.70 on Friday. The firm has a market capitalization of $8.94 billion, a PE ratio of -64.62 and a beta of 0.02. The stock’s fifty day moving average is $75.67 and its 200 day moving average is $69.87. ServiceTitan Inc. has a fifty-two week low of $54.17 and a fifty-two week high of $119.99.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.37 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 company had revenue of $268.82 million during the quarter, compared to analyst estimates of $257.40 million. During the same period in the previous year, the firm earned $0.18 earnings per share. ServiceTitan’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities analysts forecast that ServiceTitan Inc. will post -0.54 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. KeyCorp reiterated an “overweight” rating on shares of ServiceTitan in a report on Tuesday, May 26th. Stifel Nicolaus set a $125.00 price objective on shares of ServiceTitan in a research note on Wednesday, May 27th. BTIG Research restated a “buy” rating and set a $110.00 target price on shares of ServiceTitan in a research report on Friday, July 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of ServiceTitan in a research note on Wednesday, June 17th. Finally, UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a research note on Wednesday, July 22nd. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ServiceTitan has a consensus rating of “Moderate Buy” and an average price target of $111.00.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in ServiceTitan by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company’s stock worth $518,549,000 after purchasing an additional 439,079 shares during the period. Renaissance Capital LLC lifted its holdings in shares of ServiceTitan by 222.8% in the 4th quarter. Renaissance Capital LLC now owns 41,223 shares of the company’s stock worth $4,390,000 after buying an additional 28,454 shares during the period. Comerica Bank lifted its holdings in shares of ServiceTitan by 372.3% in the 4th quarter. Comerica Bank now owns 26,513 shares of the company’s stock worth $2,824,000 after buying an additional 20,899 shares during the period. Robeco Schweiz AG grew its position in shares of ServiceTitan by 35.3% during the 4th quarter. Robeco Schweiz AG now owns 83,200 shares of the company’s stock worth $8,861,000 after buying an additional 21,700 shares in the last quarter. Finally, Natixis Advisors LLC bought a new position in shares of ServiceTitan during the 4th quarter worth $39,174,000.

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.