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![Bessemer partner Deeter sales ServiceTitan [TTAN] shares](https://i-invdn-com.investing.com/news/news_six_pile_69x52._800x533_L_1419494215.jpg)
Director and ten percent owner Deeter Byron B, indirectly sold shares of ServiceTitan Inc (NASDAQ:TTAN), currently trading at $110.94, on July 8th and 9th. According to InvestingPro data, the company, valued at nearly $10 billion, has attracted positive attention from Wall Street, with 11 analysts recently revising their earnings estimates upward.
On July 8, Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P. and 15 Angels II LLC sold 390, 469 and 20 shares of Class A Common Stock, respectively.
On July 9, Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P. and 15 Angels II LLC sold 5,029, 6,047 and 270 shares of Class A Common Stock, respectively.
The price per share for all sales was $0.
Following these transactions, Deeter indirectly holds 1,891 shares of ServiceTitan Class A Common Stock.
In other recent news, ServiceTitan has been the subject of several analyst reviews and discussions. TD Cowen raised its price target for ServiceTitan to $145, maintaining a Buy rating following a strong first-quarter revenue growth of 27%, which exceeded expectations. This performance was attributed to robust subscription revenues and increased usage metrics. Truist Securities also reiterated a Buy rating with a $120 price target, highlighting ServiceTitan’s potential for revenue growth and profitability, particularly in the roofing sector and through strategic expense management.
William Blair maintained an Outperform rating, emphasizing ServiceTitan’s platform capabilities and the potential for growth through product innovation and increased commercial customer penetration. Loop Capital kept its Hold rating with a $100 price target, noting steady growth in job volume and the impact of industry consolidation as a demand catalyst. TD Cowen observed favorable conditions for ServiceTitan’s business due to regulatory changes and warmer weather, expecting a positive impact on the company’s gross transaction value. These recent developments underscore the analysts’ confidence in ServiceTitan’s market position and growth prospects.
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