ServiceTitan Inc. (NASDAQ:TTAN) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $114.33.

A number of equities research analysts have commented on TTAN shares. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of ServiceTitan in a report on Friday, March 14th. Loop Capital lowered their price target on ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Citigroup increased their price objective on shares of ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. William Blair began coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an "outperform" rating on the stock. Finally, Canaccord Genuity Group began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a "buy" rating and a $120.00 target price for the company.

ServiceTitan Stock Up 2.0 %

Shares of NASDAQ TTAN traded up $1.91 during trading on Friday, hitting $96.87. The company had a trading volume of 214,473 shares, compared to its average volume of 332,526. The company has a 50 day simple moving average of $96.52. ServiceTitan has a 12 month low of $79.81 and a 12 month high of $112.00.

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ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. Research analysts anticipate that ServiceTitan will post -1.98 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of ServiceTitan

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deer Management Co. LLC purchased a new position in ServiceTitan in the 4th quarter worth about $925,943,000. TPG GP A LLC purchased a new position in shares of ServiceTitan during the fourth quarter worth approximately $525,405,000. Battery Management Corp. bought a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $496,599,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $233,937,000. Finally, Dragoneer Investment Group LLC bought a new position in ServiceTitan in the fourth quarter worth approximately $210,777,000.

ServiceTitan Company Profile

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.