This Insider Has Just Sold Shares In ServiceTitan

Some ServiceTitan, Inc. (NASDAQ:TTAN) shareholders may be a little concerned to see that the Chief Financial Officer, Dave Sherry, recently sold a substantial US$1.4m worth of stock at a price of US$116 per share. However, that sale only accounted for 3.3% of their holding, so arguably it doesn't say much about their conviction.

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ServiceTitan Insider Transactions Over The Last Year

In fact, the recent sale by Chief Financial Officer Dave Sherry was not their only sale of 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. So it's clear an insider wanted to take some cash off the table, even below the current price of US$117. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 4.3% of Dave Sherry's holding.

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

View our latest analysis for ServiceTitan

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. ServiceTitan insiders own about US$2.4b worth of shares (which is 23% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The ServiceTitan Insider Transactions Indicate?

Insiders sold ServiceTitan shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - ServiceTitan has 2 warning signs we think you should be aware of.

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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.