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

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,494 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $520,007.10. Following the transaction, the chief accounting officer now owns 89,302 shares of the company’s stock, valued at approximately $8,452,434.30. The trade was a 5.80 % 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.

ServiceTitan Price Performance

NASDAQ:TTAN opened at $96.87 on Wednesday. The firm’s 50-day simple moving average is $96.53. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $112.00.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TTAN shares. Piper Sandler reissued an “overweight” rating and set a $125.00 price target on shares of ServiceTitan in a report on Friday, March 14th. Morgan Stanley upped their target price on shares of ServiceTitan from $104.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. KeyCorp assumed coverage on ServiceTitan in a research report on Monday, January 6th. They set an “overweight” rating and a $120.00 price objective for the company. William Blair assumed coverage on ServiceTitan in a research report on Monday, January 6th. They issued an “outperform” rating on the stock. Finally, Baird R W raised ServiceTitan to a “strong-buy” rating in a report on Friday, December 27th. Four investment 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. According to MarketBeat.com, ServiceTitan currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

Hedge Funds Weigh In On ServiceTitan

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $25,365,000. New York State Common Retirement Fund purchased a new position in ServiceTitan during the fourth quarter valued at approximately $3,692,000. TimesSquare Capital Management LLC purchased a new position in shares of ServiceTitan during the 4th quarter valued at $87,896,000. SBI Securities Co. Ltd. purchased a new position in ServiceTitan in the fourth quarter valued at about $26,000. Finally, Victory Capital Management Inc. acquired a new position in ServiceTitan in the fourth quarter worth approximately $10,450,000.

ServiceTitan Company Profile

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.