On June 17, 2026, Vahe Kuzoyan, serving as both President and Director at ServiceTitan, Inc. (NASDAQ:TTAN), completed a series of equity transactions totaling $212,337. The activity involved the sale of 3,208 shares of Class A Common Stock. These sales were not discretionary in nature but were executed strictly to satisfy tax withholding obligations linked to the vesting of restricted stock units, as mandated by ServiceTitan’s equity incentive plans.
Before the sale could occur, Kuzoyan converted 3,208 shares of Class B Common Stock into an equivalent number of Class A Common Stock shares. This conversion process, which took place at a price of $0, is a standard procedure outlined in the company’s certificate of incorporation. It allows Class B shares to be converted into Class A shares either at the holder’s election or upon the occurrence of certain specified events.
The subsequent sale of the converted shares occurred across multiple transactions, with prices ranging from $64.10 to $69.50. The breakdown of the sales is as follows:
- 646.69 shares were sold at prices between $64.10 and $65.09.
- 874.21 shares were sold at prices between $65.10 and $66.09.
- 977.33 shares were sold at prices between $66.10 and $67.09.
- 513.5 shares were sold at prices between $67.10 and $68.09.
- 163.35 shares were sold at prices between $68.10 and $69.09.
- 32.92 shares were sold at prices between $69.10 and $69.50.
The weighted average price for these transactions was $66.19 per share. Following these sales, Kuzoyan directly holds 1.25 shares of Class A Common Stock. He retains a significant position in Class B Common Stock, holding 3,381,726 shares directly, which are convertible into Class A Common Stock, along with additional indirect holdings through various trusts and his spouse.
ServiceTitan’s stock currently trades at $62.51, reflecting a substantial decline from its 52-week high of $119.99. This drop represents a challenging six-month period where shares have fallen roughly 42%. Despite this price performance, ServiceTitan maintains a "GOOD" financial health score according to InvestingPro analysis, and the company appears undervalued at its current levels.
Recent market commentary highlights strong analyst confidence in ServiceTitan’s future. The company reported first-quarter fiscal 2027 results that analysts described as a "beat-and-raise," indicating record profitability. Following these results, Truist Securities reiterated a Buy rating with a $110 price target, while Freedom Broker raised its price target to $105 from $95. Both firms highlighted the company’s momentum in AI product development. KeyBanc also maintained an Overweight rating with a $120 price target, expressing optimism about ServiceTitan’s potential to enhance customer returns through its Max opportunity. Truist noted the company’s ability to deepen customer engagement and capture more wallet share over time.
However, insider activity has not been exclusively limited to Kuzoyan. A regulatory filing revealed that Michele O’Connor, the Chief Accounting Officer, sold 10,000 shares of Class A Common Stock. Despite this additional insider sale, analysts continue to express confidence in ServiceTitan’s future prospects. These developments reflect the company’s strategic focus on AI and customer engagement, which are key areas of interest for investors.