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

Key Points

• ServiceTitan Inc. (NASDAQ:TTAN) has received an average rating of "Moderate Buy" from 19 brokerages, with 14 analysts recommending a buy and one a strong buy.
• The average 1-year price target among analysts for ServiceTitan is $130.67, with several brokerage firms recently raising their price targets for the stock.
• Insider activity shows significant stock sales, with 1.78 million shares sold by insiders in the last three months, totaling approximately $200 million in value.

Shares of ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nineteen brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $130.6667.

Several research analysts have recently issued reports on the stock. Cowen reiterated a "buy" rating on shares of ServiceTitan in a report on Wednesday, May 21st. Wells Fargo & Company upped their price target on shares of ServiceTitan from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Piper Sandler upped their price target on shares of ServiceTitan from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Stifel Nicolaus upped their price target on shares of ServiceTitan from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, Truist Financial upped their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, September 5th.

Insiders Place Their Bets

In related news, CAO Michele O'connor sold 5,188 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $116.05, for a total value of $602,067.40. Following the completion of the sale, the chief accounting officer directly owned 93,748 shares in the company, valued at $10,879,455.40. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Vahe Kuzoyan sold 3,059 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $116.04, for a total value of $354,966.36. The disclosure for this sale can be found here. Insiders sold a total of 1,869,438 shares of company stock valued at $211,021,131 over the last ninety days. 51.72% of the stock is currently owned by corporate insiders.

Institutional Trading of ServiceTitan

A number of institutional investors and hedge funds have recently bought and sold shares of TTAN. Jane Street Group LLC acquired a new stake in ServiceTitan in the fourth quarter valued at $529,000. Bank of America Corp DE acquired a new stake in ServiceTitan during the 4th quarter worth about $540,000. D. E. Shaw & Co. Inc. acquired a new stake in ServiceTitan during the 4th quarter worth about $1,543,000. Janus Henderson Group PLC acquired a new stake in ServiceTitan during the 4th quarter worth about $2,816,000. Finally, Millennium Management LLC acquired a new stake in ServiceTitan during the 4th quarter worth about $11,111,000.

ServiceTitan Price Performance

Shares of NASDAQ:TTAN traded up $3.17 during trading on Friday, hitting $117.16. 3,007,966 shares of the company were exchanged, compared to its average volume of 1,278,345. The business's 50 day moving average is $110.22 and its 200-day moving average is $108.26. The company has a market capitalization of $10.62 billion and a P/E ratio of -21.70. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.07. ServiceTitan has a 1-year low of $79.81 and a 1-year high of $131.33.

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.