Have Insiders Sold ServiceTitan Shares Recently?

We wouldn't blame ServiceTitan, Inc. (NASDAQ:TTAN) shareholders if they were a little worried about the fact that Dave Sherry, the Chief Financial Officer recently netted about US$1.2m selling shares at an average price of US$105. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 3.4%.

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ServiceTitan Insider Transactions Over The Last Year

Notably, that recent sale by Chief Financial Officer Dave Sherry was not the only time they sold ServiceTitan shares this year. They previously made an even bigger sale of -US$1.7m worth of shares at a price of US$105 per share. That means that even when the share price was below the current price of US$109, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 4.3% of Dave Sherry's holding.

Insiders in ServiceTitan didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for ServiceTitan

I will like ServiceTitan better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does ServiceTitan Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that ServiceTitan insiders own 22% of the company, worth about US$2.2b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The ServiceTitan Insider Transactions Indicate?

Insiders sold ServiceTitan shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for ServiceTitan you should know about.

But note: ServiceTitan may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.