ServiceTitan (NASDAQ:TTAN) Price Target Raised to $124.00 at Robert W. Baird

ServiceTitan (NASDAQ:TTAN - Free Report) had its target price increased by Robert W. Baird from $106.00 to $124.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also issued reports on TTAN. TD Securities boosted their target price on ServiceTitan from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and issued a $125.00 target price on shares of ServiceTitan in a research note on Friday, March 14th. KeyCorp lifted their price target on ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley lifted their price target on ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Finally, Canaccord Genuity Group lifted their price target on ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.36.

ServiceTitan Price Performance

Shares of TTAN traded down $0.16 during mid-day trading on Wednesday, hitting $114.55. The stock had a trading volume of 1,639,033 shares, compared to its average volume of 434,136. The stock's fifty day moving average price is $113.27. ServiceTitan has a 52 week low of $79.81 and a 52 week high of $131.33.

Insider Transactions at ServiceTitan

In related news, CAO Michele O'connor sold 5,494 shares of the 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 sale, the chief accounting officer now directly owns 89,302 shares in the company, valued at $8,452,434.30. This represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 sale, the chief financial officer now owns 325,409 shares of the company's stock, valued at $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. Company insiders own 51.72% of the company's stock.

Institutional Investors Weigh In On ServiceTitan

Several institutional investors have recently bought and sold shares of TTAN. Principal Financial Group Inc. purchased a new stake in ServiceTitan during the 4th quarter valued at about $25,365,000. New York State Common Retirement Fund bought a new position in ServiceTitan during the 4th quarter valued at approximately $3,692,000. TimesSquare Capital Management LLC bought a new position in ServiceTitan during the 4th quarter valued at approximately $87,896,000. SBI Securities Co. Ltd. bought a new position in ServiceTitan during the 4th quarter valued at approximately $26,000. Finally, Victory Capital Management Inc. bought a new position in ServiceTitan during the 4th quarter valued at approximately $10,450,000.

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.