ServiceTitan’s chief accounting officer sells $520,007 in stock

In a recent filing with the Securities and Exchange Commission, ServiceTitan , Inc. (NASDAQ:TTAN) disclosed that Michele O’Connor, the company’s Chief Accounting Officer, sold a total of 5,494 shares of Class A Common Stock. The transactions, which took place on March 20, 2025, were executed at a weighted average price of $94.65 per share, generating approximately $520,007 in proceeds. The stock currently trades near $95, giving the company a market capitalization of $8.5 billion. According to InvestingPro analysis, the stock appears overvalued at current levels, with analyst price targets ranging from $90 to $125.

The sales were part of a mandatory process to satisfy tax withholding obligations associated with the vesting of restricted stock units. This process is a standard practice under ServiceTitan’s equity incentive plans and does not reflect discretionary trading decisions by O’Connor. The company maintains strong liquidity with a current ratio of 3.74 and has achieved impressive revenue growth of 26% in the last twelve months.

Following these transactions, O’Connor retains ownership of 89,302 shares of ServiceTitan stock. With the company’s next earnings report scheduled for April 17, 2025, InvestingPro subscribers can access additional insights, including 11 analyst revisions and comprehensive financial health metrics in the Pro Research Report.

In other recent news, ServiceTitan has reported strong fourth-quarter results, surpassing expectations in revenue, profits, and cash flow. The company has issued guidance for fiscal year 2026 that exceeds previous estimates, indicating a positive outlook. Analysts at Truist Securities and KeyBanc Capital Markets have maintained their Buy and Overweight ratings, respectively, with a price target of $120. However, Stifel has adjusted its price target to $110, while Loop Capital has reduced its target to $90, maintaining a Hold rating.

ServiceTitan’s impressive performance is attributed to the adoption of its Pro modules and favorable weather conditions, which boosted Gross Transaction (JO:NTUJ) Value. The company has announced strategic initiatives aimed at expanding its enterprise capabilities and increasing adoption in the commercial market. Notably, ServiceTitan’s subscription revenue saw a significant year-over-year increase, demonstrating robust growth. Needham analysts have reiterated a Buy rating with a $125 price target, citing the company’s potential to maintain a revenue growth rate of over 20% into fiscal year 2027.

These developments reflect a strong operational performance and strategic positioning, with analysts expressing confidence in ServiceTitan’s growth trajectory despite varying price targets.

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