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 stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $520,007.10. Following the transaction, the chief accounting officer now directly owns 89,302 shares of the company’s stock, valued at $8,452,434.30. This trade represents a 5.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ServiceTitan Stock Performance

Shares of NASDAQ:TTAN opened at $94.96 on Tuesday. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $112.00. The firm’s 50-day moving average price is $96.52.

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

Institutional Trading of ServiceTitan

Several institutional investors and hedge funds have recently made changes to their positions in TTAN. Wellington Management Group LLP purchased a new position in ServiceTitan in the 4th quarter worth about $3,092,000. Whale Rock Capital Management LLC bought a new position in ServiceTitan in the 4th quarter worth about $4,115,000. Woodline Partners LP bought a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $210,000. XN LP purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $5,144,000. Finally, Zimmer Partners LP purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $514,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTAN. Morgan Stanley increased their price target on ServiceTitan from $104.00 to $107.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Baird R W upgraded ServiceTitan to a “strong-buy” rating in a research report on Friday, December 27th. Citigroup raised their target price on shares of ServiceTitan from $109.00 to $113.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Loop Capital decreased their price target on shares of ServiceTitan from $105.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Finally, Stifel Nicolaus dropped their price objective on shares of ServiceTitan from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

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.