ServiceTitan (NASDAQ:TTAN) Given New $125.00 Price Target at Stifel Nicolaus

ServiceTitan (NASDAQ:TTAN - Free Report) had its price target upped by Stifel Nicolaus from $110.00 to $125.00 in a research report released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Morgan Stanley raised their price objective on ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Cowen reissued a "buy" rating on shares of ServiceTitan in a research report on Wednesday, May 21st. TD Securities lifted their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Loop Capital reduced their price objective on shares of ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a research note on Friday, March 14th. Finally, Needham & Company LLC raised their price objective on shares of ServiceTitan from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $120.86.

ServiceTitan Trading Up 1.1%

Shares of TTAN stock traded up $1.22 on Friday, hitting $113.15. The stock had a trading volume of 917,049 shares, compared to its average volume of 418,314. The business has a 50 day simple moving average of $112.52. ServiceTitan has a 52-week low of $79.81 and a 52-week high of $131.33.

Insiders Place Their Bets

In other news, CAO Michele O'connor sold 5,494 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $520,007.10. Following the completion of the transaction, the chief accounting officer now owns 89,302 shares in the company, valued at approximately $8,452,434.30. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Sherry sold 10,175 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 $963,063.75. Following the completion of the sale, the chief financial officer now directly owns 325,409 shares in the company, valued at approximately $30,799,961.85. This trade represents a 3.03% decrease in their position. The disclosure for this sale can be found here. 51.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TTAN. Woodline Partners LP increased its stake in shares of ServiceTitan by 4.6% in the first quarter. Woodline Partners LP now owns 2,141 shares of the company's stock valued at $204,000 after purchasing an additional 95 shares during the period. SBI Securities Co. Ltd. bought a new position in ServiceTitan in the 4th quarter worth approximately $26,000. Assetmark Inc. increased its position in ServiceTitan by 47.2% in the 1st quarter. Assetmark Inc. now owns 960 shares of the company's stock valued at $91,000 after acquiring an additional 308 shares during the period. Harbor Investment Advisory LLC bought a new stake in ServiceTitan during the 1st quarter valued at $31,000. Finally, LRI Investments LLC bought a new stake in ServiceTitan during the 1st quarter valued at $58,000.

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.