Canaccord Genuity Group Issues Positive Forecast for ServiceTitan (NASDAQ:TTAN) Stock Price

ServiceTitan (NASDAQ:TTAN - Get Free Report) had its target price boosted by research analysts at Canaccord Genuity Group from $120.00 to $130.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 10.44% from the stock's previous close.

Several other research firms have also recently commented on TTAN. Morgan Stanley upped their target price on shares of ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Piper Sandler restated an "overweight" rating and set a $125.00 price target on shares of ServiceTitan in a research note on Friday, March 14th. KeyCorp began coverage on ServiceTitan in a research report on Monday, January 6th. They issued an "overweight" rating and a $120.00 price objective for the company. Robert W. Baird began coverage on ServiceTitan in a research report on Friday, December 27th. They issued an "outperform" rating and a $117.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a "neutral" rating and a $100.00 price target on the stock. 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $115.54.

ServiceTitan Stock Down 1.8 %

TTAN traded down $2.18 during midday trading on Thursday, reaching $117.71. The company's stock had a trading volume of 289,850 shares, compared to its average volume of 380,475. ServiceTitan has a twelve month low of $79.81 and a twelve month high of $123.48. The firm has a fifty day simple moving average of $96.08.

Insider Activity

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

Institutional Trading of ServiceTitan

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deer Management Co. LLC acquired a new stake in shares of ServiceTitan during the 4th quarter worth approximately $925,943,000. TPG GP A LLC acquired a new position in shares of ServiceTitan in the 4th quarter valued at $525,405,000. Battery Management Corp. bought a new stake in shares of ServiceTitan in the 4th quarter valued at $496,599,000. Price T Rowe Associates Inc. MD acquired a new stake in ServiceTitan during the 4th quarter worth $233,937,000. Finally, Dragoneer Investment Group LLC acquired a new position in ServiceTitan in the fourth quarter valued at about $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.