TD Cowen Begins Coverage on ServiceTitan (NASDAQ:TTAN)

TD Cowen initiated coverage on shares of ServiceTitan (NASDAQ:TTAN - Free Report) in a research report released on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $120.00 target price on the stock.

A number of other research analysts have also recently weighed in on TTAN. William Blair started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an "outperform" rating for the company. The Goldman Sachs Group assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They set a "neutral" rating and a $100.00 price objective on the stock. Robert W. Baird assumed coverage on ServiceTitan in a report on Friday, December 27th. They issued an "outperform" rating and a $117.00 target price on the stock. Piper Sandler reiterated an "overweight" rating and set a $125.00 price objective on shares of ServiceTitan in a research note on Friday, March 14th. Finally, Citigroup increased their target price on ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $114.77.

ServiceTitan Trading Up 3.1 %

NASDAQ TTAN traded up $3.06 on Tuesday, hitting $100.89. 292,636 shares of the company's stock were exchanged, compared to its average volume of 367,176. The firm has a 50-day moving average price of $94.84. ServiceTitan has a fifty-two week low of $79.81 and a fifty-two week high of $112.00.

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

Insider Buying and Selling at ServiceTitan

In related news, CAO Michele O'connor sold 5,494 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 89,302 shares of the company's stock, valued at approximately $8,452,434.30. This represents a 5.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $963,063.75. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. bought a new position in ServiceTitan in the fourth quarter worth about $25,365,000. New York State Common Retirement Fund acquired a new stake in shares of ServiceTitan during the 4th quarter worth approximately $3,692,000. TimesSquare Capital Management LLC bought a new stake in shares of ServiceTitan in the 4th quarter worth approximately $87,896,000. SBI Securities Co. Ltd. acquired a new position in ServiceTitan during the 4th quarter valued at approximately $26,000. Finally, Victory Capital Management Inc. acquired a new position in ServiceTitan during the 4th quarter valued at approximately $10,450,000.

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.