ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor Sells 5,494 Shares

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,494 shares of ServiceTitan 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 $520,007.10. Following the completion of the transaction, the chief accounting officer now directly owns 89,302 shares in the company, valued at approximately $8,452,434.30. This represents a 5.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ServiceTitan Price Performance

Shares of TTAN stock opened at $96.87 on Wednesday. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $112.00. The stock has a 50-day moving average price of $96.53.

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

Wall Street Analyst Weigh In

TTAN has been the topic of several research analyst reports. Morgan Stanley raised their price target on ServiceTitan from $104.00 to $107.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. William Blair initiated coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued an “outperform” rating for the company. Citigroup upped their price objective on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Wells Fargo & Company assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $125.00 target price for the company. Finally, Piper Sandler restated an “overweight” rating and set a $125.00 target price on shares of ServiceTitan in a report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTAN. TimesSquare Capital Management LLC acquired a new position in shares of ServiceTitan during the 4th quarter worth about $87,896,000. Battery Management Corp. acquired a new stake in ServiceTitan during the 4th quarter worth $496,599,000. Assetmark Inc. bought a new position in ServiceTitan during the fourth quarter worth about $67,000. Burkehill Global Management LP acquired a new position in ServiceTitan in the fourth quarter valued at about $5,144,000. Finally, New York State Common Retirement Fund bought a new stake in shares of ServiceTitan in the fourth quarter worth about $3,692,000.

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.