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Ara Mahdessian, Chief Executive Officer of Servicetitan, Inc. (NASDAQ:TTAN), recently sold shares of the company’s Class A Common Stock worth approximately $6.2 million. The sales occurred on October 13 and 14, 2025, at a price of $96.03 to $97.85. The transaction comes as the stock, currently valued at $9.02 billion by market cap, has experienced challenging conditions, with InvestingPro data showing a 5% decline in the past week alone.
The transactions involved multiple sales. On October 13, a total of 32,008 shares were sold. On October 14, an additional 32,000 shares were sold.
Additionally, on both October 13 and 14, Mahdessian converted 32,000 shares of Class B Common Stock into Class A Common Stock. These transactions were executed at a price of $0.
In other recent news, ServiceTitan reported quarterly results that surpassed both Freedom Capital Markets’ estimates and consensus expectations across all major financial metrics and segments. This performance prompted Freedom Capital to raise its price target for ServiceTitan from $145 to $155, while maintaining a Buy rating. Additionally, ServiceTitan announced a strategic partnership with Galaxy Service Partners, a newly formed alliance incorporating brands like Kodiak Equipment Services, Overhead Door Solutions, and Thomas Door. The company also unveiled a collaboration with Verisk to streamline insurance claims for contractors, particularly aiding those in roofing and exteriors. At the Pantheon 2025 event, ServiceTitan introduced Atlas, an AI-powered tool designed to enhance contractor operations by integrating with Google’s Gemini large language models. Meanwhile, Truist Securities reiterated its Buy rating and maintained a $130 price target for ServiceTitan after attending the company’s Pantheon 2025 conference. These developments highlight ServiceTitan’s ongoing efforts to expand its capabilities and strengthen its market position.
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