Servicetitan CEO Ara Mahdessian sells $179,642 in stock

Ara Mahdessian, CEO of ServiceTitan Inc., divested 3,147.75 shares of Class A Common Stock on September 17, 2026, in a move to fulfill tax withholding obligations stemming from the vesting of restricted stock units. Sold at $57.07 apiece, the transaction generated $179,642. These sales are not discretionary but are mandated by the company's equity incentive plans.

The stock, currently trading near its 52-week low of $53, has dropped by 49% in the past year. Concurrently, Mahdessian converted 3,147.75 shares of Class B Common Stock into an equivalent amount of Class A, bringing his direct ownership of Class A shares to just two. Nonetheless, he retains indirect beneficial ownership of the Class B stock via numerous trusts, including AMKE Trust, AM 2026 GRAT, and several others.

Despite the recent price dip, a ProTip from InvestingPro suggests the company could be undervalued. ServiceTitan reported a 2.7% revenue growth in Q2, though this trailed historical averages and analyst expectations. The company has since raised its fiscal 2027 revenue growth forecast to 18.8% year-over-year, missing the 19.5% projection.

Price targets from various firms reflect a mixed sentiment, with some lowering them to $100, while others, like Piper Sandler, increased their recommendation to $110, citing slower revenue growth and a lighter-than-expected beat. Analysts point to revenue recognition challenges and the impact of the Max product launch as contributing factors.