ServiceTitan (NASDAQ:TTAN) President Vahe Kuzoyan Sells 3,148 Shares of Stock

by · The Cerbat Gem

ServiceTitan Inc. (NASDAQ:TTAN – Get Free Report) President Vahe Kuzoyan sold 3,148 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $57.07, for a total value of $179,656.36. Following the transaction, the president owned 2 shares of the company’s stock, valued at approximately $114.14. The trade was a 99.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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 Tuesday, August 11th, Vahe Kuzoyan sold 114,732 shares of ServiceTitan stock. The shares were sold at an average price of $88.84, for a total value of $10,192,790.88.

ServiceTitan Stock Performance

Shares of TTAN traded up $1.49 during midday trading on Monday, hitting $56.53. 5,388,843 shares of the stock traded hands, compared to its average volume of 3,702,489. ServiceTitan Inc. has a 1-year low of $53.00 and a 1-year high of $115.92. The firm has a market capitalization of $5.45 billion, a PE ratio of -41.57 and a beta of 0.11. The business’s 50 day moving average price is $80.79 and its two-hundred day moving average price is $71.90.

ServiceTitan (NASDAQ:TTAN – Get Free Report) last released its quarterly earnings data on Tuesday, September 8th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $292.76 million for the quarter, compared to analysts’ expectations of $285.89 million. ServiceTitan had a negative net margin of 12.12% and a negative return on equity of 5.65%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. As a group, equities research analysts forecast that ServiceTitan Inc. will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On ServiceTitan

Hedge funds have recently modified their holdings of the company. Elevation Wealth Partners LLC lifted its holdings in shares of ServiceTitan by 20.0% in the second quarter. Elevation Wealth Partners LLC now owns 863 shares of the company’s stock valued at $61,000 after buying an additional 144 shares during the period. EverSource Wealth Advisors LLC grew its holdings in ServiceTitan by 30.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock worth $96,000 after acquiring an additional 209 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in ServiceTitan by 18.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,973 shares of the company’s stock worth $317,000 after acquiring an additional 472 shares during the period. State of Wyoming bought a new stake in ServiceTitan in the first quarter worth about $48,000. Finally, First Bank & Trust raised its position in ServiceTitan by 24.2% in the second quarter. First Bank & Trust now owns 4,426 shares of the company’s stock worth $313,000 after acquiring an additional 862 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group cut their price target on ServiceTitan from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, September 9th. Stifel Nicolaus cut their price objective on shares of ServiceTitan from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, September 9th. Citigroup reduced their price objective on shares of ServiceTitan from $83.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, September 9th. Robert W. Baird lowered their target price on shares of ServiceTitan from $101.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 9th. Finally, Piper Sandler dropped their price target on shares of ServiceTitan from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. Fourteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.38.

Check Out Our Latest Stock Analysis on TTAN

ServiceTitan Company Profile

(Get Free Report)

ServiceTitan, Inc develops cloud-based software designed to help residential and commercial contractors manage and grow their businesses. Its platform supports trades such as heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service industries.

The company’s products and services cover key business functions, including customer relationship management, lead generation, scheduling and dispatching, estimates, job management, invoicing, payments, financing, payroll, and business analytics.

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