Analysts Set ServiceTitan Inc. (NASDAQ:TTAN) PT at $114.77

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen research firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $115.54.

A number of research analysts have recently issued reports on TTAN shares. Baird R W upgraded shares of ServiceTitan to a "strong-buy" rating in a research report on Friday, December 27th. The Goldman Sachs Group started coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a "neutral" rating and a $100.00 target price on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $125.00 target price on shares of ServiceTitan in a report on Friday, March 14th. William Blair started coverage on ServiceTitan in a research report on Monday, January 6th. They set an "outperform" rating on the stock. Finally, Canaccord Genuity Group boosted their price objective on ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday.

ServiceTitan Trading Up 1.9 %

Shares of TTAN stock traded up $2.23 on Wednesday, hitting $119.89. 616,463 shares of the stock traded hands, compared to its average volume of 381,895. The stock's fifty day moving average is $96.08. ServiceTitan has a 1-year low of $79.81 and a 1-year high of $123.48.

Insiders Place Their Bets

In other news, CAO Michele O'connor sold 5,494 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $520,007.10. Following the completion of the sale, the chief accounting officer now owns 89,302 shares in the company, valued at approximately $8,452,434.30. This represents a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Sherry sold 10,175 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the sale, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Investors Weigh In On ServiceTitan

Several hedge funds have recently modified their holdings of TTAN. Deer Management Co. LLC purchased a new position in ServiceTitan in the 4th quarter worth about $925,943,000. TPG GP A LLC acquired a new position in shares of ServiceTitan in the fourth quarter worth about $525,405,000. Battery Management Corp. purchased a new position in shares of ServiceTitan in the fourth quarter worth approximately $496,599,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $233,937,000. Finally, Dragoneer Investment Group LLC acquired a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $210,777,000.

About ServiceTitan

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.