ServiceTitan (NASDAQ:TTAN) Sets New 52-Week High - Should You Buy?

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $116.39 and last traded at $115.59, with a volume of 710675 shares. The stock had previously closed at $105.37.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Piper Sandler restated an "overweight" rating and set a $125.00 target price on shares of ServiceTitan in a report on Friday, March 14th. Robert W. Baird started coverage on shares of ServiceTitan in a report on Friday, December 27th. They issued an "outperform" rating and a $117.00 price objective on the stock. Truist Financial started 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. Morgan Stanley boosted their price target on ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Finally, Loop Capital reduced their price objective on ServiceTitan from $105.00 to $90.00 and set a "hold" rating for the company in a research report on Friday, March 14th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ServiceTitan has an average rating of "Moderate Buy" and an average target price of $115.54.

ServiceTitan Stock Down 0.8 %

The firm's fifty day simple moving average is $96.08.

Insider Buying and Selling at ServiceTitan

In related news, CAO Michele O'connor sold 5,494 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 value of $520,007.10. Following the completion of the sale, the chief accounting officer now owns 89,302 shares of the company's stock, valued at $8,452,434.30. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David Sherry sold 10,175 shares of the 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 transaction, the chief financial officer now directly owns 325,409 shares in the company, 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 Investors Weigh In On ServiceTitan

Large investors have recently made changes to their positions in the company. Deer Management Co. LLC bought a new stake in ServiceTitan during the fourth quarter valued at approximately $925,943,000. TPG GP A LLC bought a new position in ServiceTitan in the fourth quarter worth approximately $525,405,000. Battery Management Corp. purchased a new position in shares of ServiceTitan during the 4th quarter worth $496,599,000. Price T Rowe Associates Inc. MD bought a new stake in shares of ServiceTitan during the 4th quarter valued at $233,937,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of ServiceTitan in the 4th quarter worth $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.