ServiceTitan Inc. (NASDAQ:TTAN) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $121.36.

A number of research firms have recently weighed in on TTAN. Morgan Stanley increased their price target on ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Canaccord Genuity Group increased their price target on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Robert W. Baird increased their price target on ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday. TD Securities increased their price target on ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, KeyCorp raised their target price on ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, April 25th.

ServiceTitan Stock Down 0.1%

NASDAQ:TTAN traded down $0.16 during trading hours on Thursday, hitting $114.55. The company had a trading volume of 1,639,033 shares, compared to its average volume of 434,136. The business's 50-day moving average price is $113.27. ServiceTitan has a 1 year low of $79.81 and a 1 year high of $131.33.

Insider Transactions at ServiceTitan

In other ServiceTitan news, CAO Michele O'connor sold 5,494 shares of ServiceTitan stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $520,007.10. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $963,063.75. Following the completion of the sale, the chief financial officer now owns 325,409 shares in the company, valued at approximately $30,799,961.85. This trade represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 51.72% of the company's stock.

Institutional Trading of ServiceTitan

A number of institutional investors have recently modified their holdings of TTAN. SBI Securities Co. Ltd. purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC purchased a new stake in shares of ServiceTitan in the first quarter valued at approximately $31,000. LRI Investments LLC purchased a new stake in shares of ServiceTitan in the first quarter valued at approximately $58,000. Assetmark Inc. purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $67,000. Finally, FIL Ltd purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $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.