Michele O’connor Sells 5,000 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,000 shares of ServiceTitan stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $58.93, for a total transaction of $294,650.00. Following the completion of the sale, the chief accounting officer owned 79,416 shares in the company, valued at $4,679,984.88. The trade was a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, March 18th, Michele O’connor sold 5,154 shares of ServiceTitan stock. The shares were sold at an average price of $69.86, for a total transaction of $360,058.44.

ServiceTitan Trading Down 0.0%

Shares of TTAN stock opened at $57.34 on Wednesday. ServiceTitan Inc. has a 1 year low of $55.23 and a 1 year high of $131.33. The firm’s fifty day moving average price is $66.55 and its two-hundred day moving average price is $86.09. The firm has a market capitalization of $5.37 billion, a P/E ratio of -33.34 and a beta of -0.14.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.09. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.86%. The firm had revenue of $253.99 million for the quarter, compared to analyst estimates of $245.47 million. During the same period in the previous year, the business earned $0.12 EPS. The company’s revenue was up 21.4% compared to the same quarter last year. As a group, equities research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. BMO Capital Markets decreased their price objective on shares of ServiceTitan from $108.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Citigroup decreased their price objective on shares of ServiceTitan from $117.00 to $88.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Stifel Nicolaus decreased their price objective on shares of ServiceTitan from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of ServiceTitan in a research report on Monday, December 29th. Finally, Needham & Company LLC decreased their price objective on shares of ServiceTitan from $140.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTAN. Woodline Partners LP boosted its holdings in shares of ServiceTitan by 4.6% during the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after buying an additional 95 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of ServiceTitan by 16.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock worth $87,000 after buying an additional 119 shares during the period. Toth Financial Advisory Corp boosted its holdings in shares of ServiceTitan by 150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after buying an additional 150 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after buying an additional 174 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of ServiceTitan by 30.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock worth $96,000 after buying an additional 209 shares during the period.

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.