ServiceTitan Insider Sale and Stock Reaction
ServiceTitan Inc (NASDAQ:TTAN) shares declined 3.8% on Thursday following a regulatory filing that disclosed an insider transaction. The filing, a Form 4 submitted to the U.S. Securities and Exchange Commission on June 10, revealed that Michele O’Connor, the company’s Chief Accounting Officer, sold 10,000 shares of Class A Common Stock on June 9 at a price of $69.14 per share. After completing the sale, O’Connor retained a direct holding of 81,890.50 shares. The transaction was carried out under a pre‑arranged trading plan, as indicated in the filing. ServiceTitan, headquartered in Glendale, California, provides software solutions to the trades industry, and its shares have experienced pressure since the insider sale disclosure.