TL;DR
CEO and President sell nearly 50,000 shares on same day amid strong revenue growth but persistent losses.
July 1, 2025
ServiceTitan Inc. (NASDAQ: TTAN) saw its top two executives execute substantial stock sales on the same day, with CEO Ara Mahdessian and President Vahe Kuzoyan collectively disposing of nearly 50,000 shares worth over $5.1 million on June 26, 2025.
Synchronized Executive Sales
Both executives converted Class B shares to Class A shares before selling at virtually identical prices, suggesting pre-planned transactions.
CEO Ara Mahdessian: Sold 24,391.25 shares at $104.65 per share for approximately $2.55 million
President Vahe Kuzoyan: Sold 25,208 shares at prices ranging from $103.20 to $106.57 for approximately $2.6 million
The sales occurred slightly below ServiceTitan’s current trading level of approximately $107.
Strong Growth Despite Losses
The insider sales come as ServiceTitan demonstrates strong operational performance while continuing profitability challenges. The $9.8 billion market cap company recently reported Q1 results exceeding expectations:
- Revenue: $215.69 million (27% year-over-year growth)
- Gross transaction volume: $17.7 billion (22% growth)
- GAAP net loss: $49.5 million (improved from $53.4 million)
- Adjusted income from operations: $16.2 million (up from $3.3 million)
While unprofitable on a GAAP basis, analysts expect profitability this fiscal year.
Bullish Analyst Sentiment
The timing of the insider sales contrasts with increasingly optimistic analyst coverage. Multiple firms have raised price targets following the company’s strong Q1 performance:
- TD Cowen: Raised target to $145 (Buy rating) citing strong revenue growth and successful commercial account launches
- Truist Securities: Maintains $120 target (Buy rating) highlighting potential for robust revenue growth and increased profitability
- William Blair: Reiterated Outperform rating, noting favorable competitive positioning and expanding market opportunity
The analyst community appears confident in ServiceTitan’s trajectory, with 11 analysts recently revising earnings estimates upward.
Forward Guidance Exceeds Expectations
ServiceTitan’s management provided optimistic guidance that surpasses consensus estimates:
- Q2 2025 Revenue: $228-230 million (above consensus)
- Full Year 2026 Revenue: $910-920 million (exceeding analyst expectations)
The company’s next earnings report is scheduled for July 11, 2025, which will provide additional insight into the sustainability of the current growth trajectory.
Market Context
ServiceTitan operates in the expanding field service management software market, serving contractors and home service businesses. The coordinated sales and share conversions suggest predetermined liquidity strategies rather than opportunistic selling based on market conditions.