ServiceTitan (NASDAQ:TTAN) President Vahe Kuzoyan Sells 3,038 Shares

by · The Cerbat Gem

ServiceTitan Inc. (NASDAQ:TTAN – Get Free Report) President Vahe Kuzoyan sold 3,038 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $105.30, for a total value of $319,901.40. Following the completion of the sale, the president owned 1 shares in the company, valued at approximately $105.30. This represents a 99.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, December 15th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The shares were 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.
  • On Wednesday, October 8th, Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock. The stock was sold at an average price of $99.95, for a total transaction of $1,637,980.60.
  • On Wednesday, September 24th, Vahe Kuzoyan sold 16,690 shares of ServiceTitan stock. The stock was sold at an average price of $104.81, for a total transaction of $1,749,278.90.
  • On Tuesday, September 23rd, Vahe Kuzoyan sold 16,504 shares of ServiceTitan stock. The shares were sold at an average price of $107.83, for a total transaction of $1,779,626.32.

ServiceTitan Price Performance

NASDAQ:TTAN opened at $107.53 on Friday. The firm’s fifty day moving average is $95.31 and its two-hundred day moving average is $103.82. The firm has a market cap of $9.99 billion and a price-to-earnings ratio of -26.36. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.14 and a current ratio of 4.14. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33.

ServiceTitan (NASDAQ:TTAN – Get Free Report) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.09. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The business had revenue of $249.16 million during the quarter, compared to analysts’ expectations of $238.26 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. Research analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current year.

Wall Street Analyst Weigh In

TTAN has been the topic of several recent research reports. TD Cowen upped their price objective on ServiceTitan from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of ServiceTitan in a research note on Friday, September 5th. Truist Financial set a $130.00 price target on shares of ServiceTitan in a report on Tuesday, October 21st. BMO Capital Markets lifted their price objective on shares of ServiceTitan from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, Robert W. Baird upped their price objective on shares of ServiceTitan from $124.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.25.

Check Out Our Latest Research Report on TTAN

Institutional Trading of ServiceTitan

A number of institutional investors have recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of ServiceTitan during the third quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its stake in ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 392 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of ServiceTitan during the third quarter worth $52,000. Parallel Advisors LLC raised its position in shares of ServiceTitan by 161.7% in the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock valued at $53,000 after buying an additional 325 shares during the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of ServiceTitan in the second quarter valued at about $79,000.

About ServiceTitan

(Get Free Report)

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.

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