ServiceTitan Shares Plunge Over 6%, Driven by Lagged Reaction to CEO Stock Sale and Roofing Contractor Margin Concerns

ServiceTitan (TTAN) shares plummeted 6.09% on January 16, driven by a lagged reaction to the CEO's recent large insider share sale and a negative industry report.

• The selling pressure follows the January 12 disclosure that the CEO sold 131,000 shares valued at $14.1 million.
• Sentiment was also negatively affected by the company's recent industry report, which highlighted that profitability for roofing contractors remains constrained due to cost inflation and labor shortages.