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

Shares of ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen brokerages that are covering the stock, Marketbeat.com reports. Four research 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 company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $118.23.

Several brokerages have weighed in on TTAN. Citigroup increased their price target on shares of ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. KeyCorp increased their target price on ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Stifel Nicolaus reduced their target price on ServiceTitan from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, March 14th. Loop Capital lowered their price objective on shares of ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Finally, Needham & Company LLC upped their price target on shares of ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th.

ServiceTitan Stock Performance

Shares of ServiceTitan stock traded up $1.15 during trading on Friday, reaching $123.03. The company's stock had a trading volume of 321,056 shares, compared to its average volume of 396,303. The firm has a 50-day simple moving average of $103.53. ServiceTitan has a 52-week low of $79.81 and a 52-week high of $128.57.

Insider Buying and Selling at ServiceTitan

In other 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 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 approximately $8,452,434.30. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The shares were 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 of the company's stock, valued at $30,799,961.85. The trade was a 3.03% decrease in their position. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Deer Management Co. LLC purchased a new position in shares of ServiceTitan in the 4th quarter valued at $925,943,000. TPG GP A LLC acquired a new position in ServiceTitan in the 4th quarter worth approximately $525,405,000. Battery Management Corp. acquired a new position in shares of ServiceTitan in the 4th quarter valued at about $496,599,000. Price T Rowe Associates Inc. MD acquired a new stake in ServiceTitan during the fourth quarter valued at $233,937,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $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.