ServiceTitan Inc. (NASDAQ:TTAN) Receives $118.23 Consensus Target Price from Analysts

ServiceTitan Inc. (NASDAQ:TTAN) has been given an average rating of “Moderate Buy” by the fifteen analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $118.23.

Several equities research analysts recently issued reports on the company. Morgan Stanley boosted 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. Stifel Nicolaus cut their price objective on ServiceTitan from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Piper Sandler reiterated an “overweight” rating and issued a $125.00 price objective on shares of ServiceTitan in a report on Friday, March 14th. Needham & Company LLC boosted their price objective on ServiceTitan from $125.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Finally, Citigroup upped their price target on ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th.

ServiceTitan Trading Up 0.9%

TTAN stock opened at $123.03 on Friday. ServiceTitan has a 12-month low of $79.81 and a 12-month high of $128.57. The company has a fifty day moving average price of $104.20.

Insiders Place Their Bets

In other news, CAO Michele O’connor sold 5,494 shares of the company’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 $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 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 can be accessed through this link. Also, CFO David Sherry sold 10,175 shares of the company’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 $963,063.75. Following 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 ownership of the stock. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Roubaix Capital LLC acquired a new position in shares of ServiceTitan during the 1st quarter worth about $4,026,000. Seven Grand Managers LLC boosted its position in shares of ServiceTitan by 87.5% in the 1st quarter. Seven Grand Managers LLC now owns 75,000 shares of the company’s stock valued at $7,133,000 after purchasing an additional 35,000 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of ServiceTitan by 194.3% in the 1st quarter. Lord Abbett & CO. LLC now owns 147,578 shares of the company’s stock valued at $14,036,000 after purchasing an additional 97,426 shares during the period. Burkehill Global Management LP boosted its position in shares of ServiceTitan by 100.0% in the 1st quarter. Burkehill Global Management LP now owns 100,000 shares of the company’s stock valued at $9,511,000 after purchasing an additional 50,000 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of ServiceTitan in the 1st quarter valued at about $7,255,000.

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.