ServiceTitan, Inc. (NASDAQ:TTAN) reported that Chief Financial Officer Sherry David executed sales of 17,777.5 shares of Class A common stock on March 18, 2026, resulting in gross proceeds of $1.24 million. The disclosed average price for the transactions was $69.86 per share.
The block was sold over a number of tranches at prices spanning $68.33 to $74.16. Specifically, 5,047 shares were sold at prices ranging from $68.33 to $69.32; 8,067.5 shares traded between $69.33 and $70.32; 2,729.75 shares were sold at prices between $70.33 and $71.32; 936.25 shares changed hands at prices between $71.33 and $72.32; 386 shares were sold at prices between $72.33 and $73.32; and 611 shares were disposed of at prices between $73.33 and $74.16.
According to the filing, the sales were undertaken to satisfy tax liabilities associated with the vesting of restricted stock units, in line with ServiceTitan's equity incentive plan provisions. After completing these transactions, Sherry David holds 313,025.25 shares of ServiceTitan, Inc. directly.
At the time of the report, ServiceTitan's shares were trading at $68.51, representing an approximate 9% decline over the prior week. The company recently released fourth-quarter results that showed revenue growth of 22%, outpacing guidance of 17%. Platform revenue, profits, and cash flow all exceeded estimates, according to the company disclosures.
Analyst reactions following the quarter have been mixed but generally constructive. Truist Securities lowered its price target to $100 from $130, attributing the change to a broader software sector valuation re-pricing. TD Cowen increased its target slightly to $135 from $130, citing growth in subscription and usage revenue. BMO Capital trimmed its target to $92 from $108 while retaining an Outperform rating, noting the firm’s view of solid performance despite weather-related headwinds. William Blair reiterated its Outperform rating and pointed to conservative guidance and seasonality as contributors to some premarket pressure. Piper Sandler maintained an Overweight rating with a $120 price target, observing that ServiceTitan's operating margin beat forecasts by 4 percentage points.
InvestingPro commentary included in the filings noted that 15 analysts have revised earnings estimates upward; the filing also references eight additional exclusive tips available to subscribers. For investors seeking deeper analysis, ServiceTitan's Pro Research Report is listed as available alongside reports for over 1,400 U.S. equities.
The company filing presents the share sales and accompanying analyst reactions without an indication that the transactions reflect a change in management's view of long-term company prospects. The stated purpose for the disposition - covering tax obligations tied to RSU vesting - is consistent with the mechanics described in ServiceTitan's equity incentive plans.
Contextual note - The information above is drawn from regulatory filings and company disclosures related to the March 18, 2026 transaction and recent quarterly results.