ServiceTitan CEO Ara Mahdessian Sells Shares
Ara Mahdessian, CEO of ServiceTitan, sold 3,029 shares worth $200,489.51.
Key Points
- Ara Mahdessian, CEO of ServiceTitan, sold 3,029 shares on June 17, 2026, for $200,489.51.
- ServiceTitan, Inc. trades on NasdaqGS under the ticker TTAN, with a market cap of approximately $6.35 billion.
- Analyst firms like Needham and Baird maintain a 'buy' rating with targets up to $125.00.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Ara Mahdessian, the CEO of ServiceTitan, Inc. (NasdaqGS: TTAN), sold 3,029 shares of the company on June 17, 2026. The transaction was valued at $200,489.51, with an average price of $66.19 per share. This sale wasn't part of a pre-planned trading plan.
Insider Buying and Selling at ServiceTitan, Inc.
On the same day as Mahdessian's sale, other insiders also made moves. Vahe Kuzoyan, the President, sold 3,208 shares, and Michele O'Connor, the Chief Accounting Officer, sold 5,305 shares, each at the same average price of $66.19 per share.
Other Institutional Activity in ServiceTitan
Several institutional investors have adjusted their positions in ServiceTitan. Kayne Anderson Rudnick Investment Management LLC significantly increased its holdings by 1,405,092 shares, reaching a total of 4,869,029 shares valued at approximately $308.99 million. FMR LLC also boosted its stake by 1,178,783 shares, ending with 2,963,303 shares worth about $188.05 million. On the other hand, Deer Management Co. LLC reduced its position by 727,948 shares, holding 5,068,064 shares valued at $321.62 million.
ServiceTitan, Inc. Stock Down 37.5%
Shares of ServiceTitan, Inc. are currently trading around $66.57. The company has a market capitalization of about $6.35 billion and a forward P/E ratio of 40.72. Over the past year, its stock has ranged from a low of $54.17 to a high of $119.99. The stock's 50-day moving average is $64.22, while its 200-day moving average is $83.92. ServiceTitan maintains a strong liquidity position with a current ratio of 4.44 and a quick ratio of 4.06.
$TTAN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
ServiceTitan reported revenue of approximately $1.01 billion, with a growth rate of 24.6%. Despite this growth, the company posted a net margin of -13.44% and a return on equity of -9.04%. The next earnings report is expected on September 10, 2026.
Analysts Set New Price Targets
Several analysts have recently updated their price targets for ServiceTitan. On June 17, 2026, Needham reiterated its 'buy' rating with a target price of $100. Baird maintained a 'buy' rating with a target of $94 on June 8, while TD Cowen set a high target of $125 on June 5. The consensus among 16 analysts is a 'strong buy' with an average target price of $108.94.
About ServiceTitan
ServiceTitan, Inc. is a technology company based in Glendale, California, providing a comprehensive cloud-based software platform. It serves a variety of industries, including HVAC, plumbing, and electrical services, by offering tools for job scheduling, dispatching, and payment processing. The company also provides specialized software for pest control and landscaping industries. Founded in 2007, ServiceTitan operates in the United States, Armenia, and Canada.
Bottom Line
Ara Mahdessian's share sale is a notable transaction, reflecting the ongoing insider activities at ServiceTitan. The company's stock remains a focus for investors due to its robust growth and market presence. Analyst ratings suggest confidence in its future prospects, with several maintaining 'buy' recommendations. As always, remember that insider transactions are reported after the fact and may not reflect current positions.
Get ServiceTitan, Inc. alerts
New 13F filings, insider trades, and analyst moves on $TTAN, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.