ServiceTitan (NASDAQ:TTAN) Given New $140.00 Price Target at Needham & Company LLC

ServiceTitan (NASDAQ:TTAN - Get Free Report) had its price target lifted by investment analysts at Needham & Company LLC from $125.00 to $140.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price objective would indicate a potential upside of 18.75% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Truist Financial began coverage on ServiceTitan in a report on Monday, January 6th. They set a "buy" rating and a $120.00 price target for the company. Wells Fargo & Company initiated coverage on ServiceTitan in a research note on Monday, January 6th. They issued an "overweight" rating and a $125.00 price target on the stock. The Goldman Sachs Group started coverage on shares of ServiceTitan in a report on Monday, January 6th. They set a "neutral" rating and a $100.00 target price for the company. TD Cowen initiated coverage on ServiceTitan in a research note on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price objective on the stock. Finally, William Blair started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an "outperform" rating on the stock. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $118.23.

ServiceTitan Trading Up 1.7 %

Shares of TTAN stock traded up $2.02 during mid-day trading on Tuesday, reaching $117.89. 358,596 shares of the company's stock traded hands, compared to its average volume of 386,126. ServiceTitan has a 12 month low of $79.81 and a 12 month high of $128.16. The firm's 50-day simple moving average is $100.43.

Insider Buying and Selling at ServiceTitan

In other news, CFO David Sherry sold 10,175 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction 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 trade represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Michele O'connor sold 5,494 shares of ServiceTitan stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value 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 trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTAN. SBI Securities Co. Ltd. purchased a new stake in shares of ServiceTitan during the 4th quarter worth $26,000. Harbor Investment Advisory LLC purchased a new position in shares of ServiceTitan in the first quarter worth $31,000. LRI Investments LLC acquired a new stake in ServiceTitan during the 1st quarter worth about $58,000. Assetmark Inc. acquired a new stake in shares of ServiceTitan during the fourth quarter worth about $67,000. Finally, FIL Ltd purchased a new stake in shares of ServiceTitan in the 4th quarter valued at $67,000.

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.