ServiceTitan (NASDAQ:TTAN) Given Buy Rating at Needham & Company LLC

ServiceTitan (NASDAQ:TTAN - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Needham & Company LLC in a research report issued on Friday,Benzinga reports. They presently have a $140.00 price objective on the stock. Needham & Company LLC's price objective would indicate a potential upside of 31.33% from the stock's current price.

Several other equities analysts also recently weighed in on TTAN. Morgan Stanley raised their target price on shares of ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Piper Sandler reissued an "overweight" rating and set a $125.00 price objective on shares of ServiceTitan in a research note on Friday, March 14th. Loop Capital reduced their target price on ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a research note on Friday, March 14th. Robert W. Baird increased their target price on ServiceTitan from $106.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, TD Cowen initiated coverage on ServiceTitan in a report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, ServiceTitan has an average rating of "Moderate Buy" and a consensus target price of $122.21.

ServiceTitan Trading Down 6.9%

Shares of TTAN stock traded down $7.95 during midday trading on Friday, reaching $106.60. 3,171,353 shares of the company traded hands, compared to its average volume of 459,819. The business's 50 day moving average price is $113.66. ServiceTitan has a 1-year low of $79.81 and a 1-year high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The firm had revenue of $215.69 million for the quarter, compared to analysts' expectations of $208.61 million. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. Sell-side analysts forecast that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceTitan

In related news, CFO David Sherry sold 10,175 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 $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. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michele O'connor sold 5,494 shares of the 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 represents a 5.80% decrease in their position. The disclosure for this sale can be found here. 51.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors have recently modified their holdings of TTAN. SBI Securities Co. Ltd. acquired a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC acquired a new stake in ServiceTitan during the 1st quarter worth about $31,000. LRI Investments LLC acquired a new stake in ServiceTitan during the 1st quarter valued at $58,000. Assetmark Inc. purchased a new stake in shares of ServiceTitan in the fourth quarter worth approximately $67,000. Finally, FIL Ltd acquired a new stake in ServiceTitan during the fourth quarter valued at $67,000.

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.