ServiceTitan Inc. (NASDAQ:TTAN) Receives $114.33 Consensus Target Price from Brokerages

ServiceTitan Inc. (NASDAQ:TTAN) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $114.33.

A number of equities research analysts have weighed in on the company. Robert W. Baird began coverage on ServiceTitan in a research report on Friday, December 27th. They set an “outperform” rating and a $117.00 target price for the company. Morgan Stanley lifted their price objective on ServiceTitan from $104.00 to $107.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. Truist Financial started coverage on shares of ServiceTitan in a report on Monday, January 6th. They set a “buy” rating and a $120.00 target price on the stock. Canaccord Genuity Group started coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a “buy” rating and a $120.00 target price on the stock. Finally, Wells Fargo & Company began coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued an “overweight” rating and a $125.00 price target for the company.

Insider Activity at ServiceTitan

In other ServiceTitan news, CFO David Sherry sold 10,175 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $963,063.75. Following the sale, the chief financial officer now owns 325,409 shares in the company, valued at approximately $30,799,961.85. The trade was a 3.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michele O’connor sold 5,494 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 89,302 shares of the company’s stock, valued at approximately $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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in shares of ServiceTitan in the fourth quarter worth $3,092,000. Whale Rock Capital Management LLC acquired a new stake in ServiceTitan during the 4th quarter worth about $4,115,000. Woodline Partners LP purchased a new position in shares of ServiceTitan during the 4th quarter valued at about $210,000. XN LP purchased a new position in shares of ServiceTitan during the 4th quarter valued at about $5,144,000. Finally, Zimmer Partners LP acquired a new position in shares of ServiceTitan in the 4th quarter valued at about $514,000.

ServiceTitan Stock Up 0.5 %

Shares of TTAN opened at $94.96 on Friday. ServiceTitan has a 52-week low of $79.81 and a 52-week high of $112.00. The stock has a fifty day moving average of $96.52.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. On average, sell-side analysts anticipate that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

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.