William J.G. Griffith Sells 94,415 Shares of ServiceTitan (NASDAQ:TTAN) Stock

ServiceTitan Inc. (NASDAQ:TTAN) Director William J.G. Griffith sold 94,415 shares of ServiceTitan stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $63.43, for a total value of $5,988,743.45. Following the completion of the transaction, the director owned 443,221 shares of the company’s stock, valued at approximately $28,113,508.03. The trade was a 17.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

William J.G. Griffith also recently made the following trade(s):

• On Monday, June 22nd, William J.G. Griffith sold 200 shares of ServiceTitan stock. The stock was sold at an average price of $63.01, for a total value of $12,602.00.

ServiceTitan Stock Performance

Shares of NASDAQ:TTAN opened at $63.40 on Friday. ServiceTitan Inc. has a twelve month low of $54.17 and a twelve month high of $119.99. The firm has a market cap of $6.05 billion, a PE ratio of -43.72 and a beta of 0.13. The business has a fifty day moving average of $64.82 and a 200-day moving average of $75.66.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $268.82 million during the quarter, compared to analysts’ expectations of $257.40 million. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 earnings per share. On average, analysts anticipate that ServiceTitan Inc. will post -0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

TTAN has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of ServiceTitan from $92.00 to $103.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Canaccord Genuity Group lowered their target price on ServiceTitan from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Truist Financial restated a “buy” rating and set a $110.00 target price (up from $100.00) on shares of ServiceTitan in a research report on Friday, June 5th. Stifel Nicolaus set a $125.00 price target on ServiceTitan in a research note on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a research report on Friday, April 24th. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ServiceTitan currently has a consensus rating of “Moderate Buy” and an average price target of $110.53.

Hedge Funds Weigh In On ServiceTitan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in ServiceTitan by 538.4% in the third quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock valued at $446,670,000 after buying an additional 3,735,968 shares in the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of ServiceTitan during the third quarter worth $8,338,000. Sandhill Capital Partners LLC acquired a new stake in shares of ServiceTitan during the third quarter worth $27,062,000. Renaissance Capital LLC raised its holdings in shares of ServiceTitan by 222.8% during the fourth quarter. Renaissance Capital LLC now owns 41,223 shares of the company’s stock worth $4,390,000 after acquiring an additional 28,454 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in ServiceTitan in the 3rd quarter valued at $84,983,000.

ServiceTitan News Roundup

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan highlighted early results from its Max platform, saying the AI-powered product is helping automate and improve multiple parts of the contractor workflow, including lead generation, dispatch, field execution, and technician revenue. ServiceTitan’s Max Drives AI-Powered Growth for Contractors
• Neutral Sentiment: The company said short interest data was essentially unchanged at 0 shares, so there is no meaningful short-selling signal from the latest report.
• Negative Sentiment: Director Byron B. Deeter sold 8,845 shares, reducing his stake by about 39%, adding to investor concern around insider confidence. SEC filing
• Negative Sentiment: Major shareholder Iconiq Strategic Partners V, L sold 94,415 shares, a 17.6% reduction in its position, which may pressure sentiment toward TTAN. SEC filing
• Negative Sentiment: Director William J.G. Griffith also sold shares, adding to the pattern of insider selling around ServiceTitan stock. SEC filing

About ServiceTitan

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.