Vahe Kuzoyan Sells 16,388 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) President Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock in a transaction on Monday, January 5th. The shares were sold at an average price of $100.62, for a total transaction of $1,648,960.56. Following the completion of the sale, the president owned 1 shares in the company, valued at approximately $100.62. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, December 17th, Vahe Kuzoyan sold 3,038 shares of ServiceTitan stock. The stock was sold at an average price of $105.30, for a total transaction of $319,901.40.
• On Monday, December 15th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The stock was 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 transaction of $1,508,187.64.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $104.15 on Friday. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33. The stock has a market capitalization of $9.75 billion and a P/E ratio of -25.53. The company’s 50-day moving average is $98.29 and its 200 day moving average is $103.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TTAN shares. Wells Fargo & Company increased their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. TD Cowen increased their price target on shares of ServiceTitan from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Cowen reissued a “buy” rating on shares of ServiceTitan in a research note on Friday, December 5th. BTIG Research assumed coverage on shares of ServiceTitan in a report on Tuesday, December 16th. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.53.

Institutional Trading of ServiceTitan

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of ServiceTitan by 538.4% in the third quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock worth $446,670,000 after buying an additional 3,735,968 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in ServiceTitan by 118.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company’s stock worth $291,798,000 after acquiring an additional 1,569,136 shares during the last quarter. Invesco Ltd. lifted its position in ServiceTitan by 1,388.2% in the 2nd quarter. Invesco Ltd. now owns 1,477,369 shares of the company’s stock valued at $158,344,000 after acquiring an additional 1,378,100 shares in the last quarter. Franklin Resources Inc. boosted its stake in ServiceTitan by 148.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock valued at $202,917,000 after purchasing an additional 1,131,062 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of ServiceTitan in the 3rd quarter worth $84,983,000.

ServiceTitan Company Profile

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.