ServiceTitan (NASDAQ:TTAN) CEO Ara Mahdessian Sells 2,288 Shares of Stock

ServiceTitan Inc. (NASDAQ:TTAN) CEO Ara Mahdessian sold 2,288 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total transaction of $159,839.68. Following the transaction, the chief executive officer directly owned 1 shares in the company, valued at $69.86. This trade represents a 99.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ara Mahdessian also recently made the following trade(s):

• On Wednesday, January 14th, Ara Mahdessian sold 32,000 shares of ServiceTitan stock. The shares were sold at an average price of $98.50, for a total transaction of $3,152,000.00.

ServiceTitan Stock Performance

NASDAQ TTAN opened at $68.18 on Friday. The company’s fifty day moving average is $76.75 and its two-hundred day moving average is $92.58. ServiceTitan Inc. has a 52-week low of $58.01 and a 52-week high of $131.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of -39.64 and a beta of -0.72.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.91%. The business had revenue of $253.99 million during the quarter, compared to analyst estimates of $245.47 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. Equities research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

Key ServiceTitan News

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: Q4 results: ServiceTitan reported a beat on both EPS ($0.27 vs. $0.18 est.) and revenue ($253.99M vs. $245.47M), with revenue up ~21% year-over-year — a near-term fundamental positive supporting the stock. MarketBeat TTAN
• Positive Sentiment: Analyst bullish view: Seeking Alpha reiterated a “Buy,” arguing margin improvements and a lower valuation after the pullback make TTAN attractive for long-term investors. Seeking Alpha
• Neutral Sentiment: Valuation / volatility review: Coverage notes the recent pullback reduces forward multiples, but also highlights near?term growth uncertainty — a mixed read for value vs. growth investors. Yahoo Finance Valuation
• Negative Sentiment: Price-target cuts: Truist trimmed its price target after Q4, and several firms have narrowed targets or lowered objectives (notably Goldman cut sharply), which can cap near-term upside. Truist / Yahoo
• Negative Sentiment: Insider selling — CFO: David Sherry sold 17,778 shares (~$1.24M at ~$69.86), trimming his stake; large officer sales often weigh on sentiment. CFO Form 4
• Negative Sentiment: Insider selling — CAO: Michele O’Connor sold 5,154 shares (~$360k at ~$69.86), a ~5.75% reduction in her holding. CAO Form 4
• Negative Sentiment: Insider selling — CEO & President: Ara Mahdessian and Vahe Kuzoyan sold several thousand shares each and now show token direct holdings, a conspicuous reduction that may amplify investor concern. CEO Form 4 President Form 4

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TTAN. KeyCorp lowered their price objective on ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Needham & Company LLC lowered their price target on shares of ServiceTitan from $140.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, March 13th. UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a report on Monday, December 1st. Canaccord Genuity Group lowered their target price on shares of ServiceTitan from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, Wells Fargo & Company cut their price target on shares of ServiceTitan from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC acquired a new stake in shares of ServiceTitan in the 3rd quarter valued at $25,000. Toth Financial Advisory Corp increased its position 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 purchasing an additional 150 shares in the last quarter. Farther Finance Advisors LLC increased its position 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 purchasing an additional 174 shares in the last quarter. eCIO Inc. bought a new position in ServiceTitan during the 4th quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC acquired a new position in ServiceTitan in the fourth quarter valued at about $36,000.

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.