Insider Selling: ServiceTitan Inc. (NASDAQ:TTAN) CFO Sells 10,175 Shares of Stock

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

ServiceTitan Stock Up 2.0 %

Shares of NASDAQ TTAN opened at $96.87 on Wednesday. The firm’s 50-day simple moving average is $96.53. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $112.00.

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

Analyst Upgrades and Downgrades

TTAN has been the subject of several recent analyst reports. Loop Capital decreased their price objective on shares of ServiceTitan from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Baird R W upgraded ServiceTitan to a “strong-buy” rating in a report on Friday, December 27th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of ServiceTitan in a research note on Friday, March 14th. The Goldman Sachs Group started coverage on ServiceTitan in a research note on Monday, January 6th. They set a “neutral” rating and a $100.00 target price for the company. Finally, Piper Sandler reissued an “overweight” rating and issued a $125.00 price target on shares of ServiceTitan in a research note on Friday, March 14th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ServiceTitan currently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

Hedge Funds Weigh In On ServiceTitan

Several large investors have recently bought and sold shares of the stock. Deer Management Co. LLC purchased a new stake in shares of ServiceTitan in the fourth quarter valued at about $925,943,000. TPG GP A LLC bought a new stake in ServiceTitan in the 4th quarter worth about $525,405,000. Battery Management Corp. purchased a new stake in ServiceTitan in the 4th quarter valued at about $496,599,000. Price T Rowe Associates Inc. MD bought a new position in shares of ServiceTitan during the 4th quarter worth approximately $233,937,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of ServiceTitan in the 4th quarter worth approximately $210,777,000.

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.