ServiceTitan Inc. (NASDAQ:TTAN) Receives $114.33 Consensus PT from Brokerages

Shares of ServiceTitan Inc. (NASDAQ:TTAN) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $114.33.

A number of equities research analysts recently weighed in on TTAN shares. The Goldman Sachs Group began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a “neutral” rating and a $100.00 target price on the stock. KeyCorp began coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an “overweight” rating and a $120.00 target price on the stock. Stifel Nicolaus reduced their price target on ServiceTitan from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Citigroup lifted their price objective on ServiceTitan from $109.00 to $113.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Finally, Baird R W raised shares of ServiceTitan to a “strong-buy” rating in a research report on Friday, December 27th.

Insider Activity

In other news, CAO Michele O’connor sold 5,494 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer now owns 89,302 shares of the company’s stock, valued at $8,452,434.30. The trade was a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David Sherry sold 10,175 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the completion of the transaction, the chief financial officer now directly owns 325,409 shares in the company, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Trading of ServiceTitan

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC bought a new position in shares of ServiceTitan during the 4th quarter valued at approximately $87,896,000. Battery Management Corp. purchased a new position in shares of ServiceTitan during the fourth quarter valued at about $496,599,000. Assetmark Inc. purchased a new stake in shares of ServiceTitan in the fourth quarter worth about $67,000. Burkehill Global Management LP bought a new position in ServiceTitan during the fourth quarter valued at approximately $5,144,000. Finally, New York State Common Retirement Fund purchased a new position in ServiceTitan during the 4th quarter valued at approximately $3,692,000.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $94.96 on Friday. ServiceTitan has a fifty-two week low of $79.81 and a fifty-two week high of $112.00. The company has a fifty day moving average of $96.52.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. As a group, equities research analysts predict that ServiceTitan will post -1.98 earnings per share for the current year.

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.