tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Major Shareholder Sells Off ServiceTitan Stock in Multi-Million Dollar Deal

Major Shareholder Sells Off ServiceTitan Stock in Multi-Million Dollar Deal

New insider activity at ServiceTitan, Inc. Class A ( (TTAN) ) has taken place on July 1, 2025.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Significant shareholder Bessemer Venture Partners VIII L.P. has offloaded 225,277 shares of ServiceTitan, Inc. Class A stock, amounting to a transaction value of $24,328,686.

Recent Updates on TTAN stock

In the past 24 hours, ServiceTitan, Inc. Class A has seen significant developments that have impacted its stock price targets. The company announced a new partnership with Associated Builders and Contractors (ABC), which aims to enhance technology strategies for contractors, potentially expanding ServiceTitan’s market reach. Additionally, ServiceTitan achieved the ‘Built for NetSuite’ status, which is expected to streamline workflows and enhance financial visibility for contractors, contributing to positive sentiment around the stock. These strategic moves have led to increased price targets from analysts, with TD Cowen and Loop Capital raising their targets due to the company’s growth potential and improved operational capabilities. However, despite strong revenue growth and improving cash flow, concerns about profitability and technical indicators have prompted a cautious outlook from some analysts.

Spark’s Take on TTAN Stock

According to Spark, TipRanks’ AI Analyst, TTAN is a Neutral.

ServiceTitan, Inc.’s overall stock score is driven by strong revenue growth and the potential for operational improvements, though this is offset by profitability challenges and negative technical indicators. The recent earnings call provided some positive outlook, but valuation remains a concern due to ongoing losses.

To see Spark’s full report on TTAN stock, click here.

More about ServiceTitan, Inc. Class A

YTD Price Performance: 5.60%

Average Trading Volume: 999,886

Current Market Cap: $9.79B

Disclaimer & DisclosureReport an Issue

1