ServiceTitan (NASDAQ:TTAN) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

ServiceTitan (NASDAQ:TTAN) had its price target upped by investment analysts at Canaccord Genuity Group from $120.00 to $130.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 10.49% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of ServiceTitan from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Loop Capital dropped their price target 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. Robert W. Baird started coverage on shares of ServiceTitan in a research report on Friday, December 27th. They issued an “outperform” rating and a $117.00 price objective for the company. William Blair assumed coverage on ServiceTitan in a research report on Monday, January 6th. They set an “outperform” rating on the stock. Finally, TD Cowen assumed coverage on ServiceTitan in a research note on Tuesday, April 8th. They set a “buy” rating and a $120.00 target price for the company. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.54.

ServiceTitan Trading Up 1.8 %

NASDAQ TTAN opened at $117.66 on Thursday. The company has a fifty day simple moving average of $95.36. ServiceTitan has a one year low of $79.81 and a one year high of $123.48.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. Equities analysts anticipate that ServiceTitan will post -1.98 earnings per share for the current year.

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, CAO Michele O’connor sold 5,494 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 transaction of $520,007.10. Following the completion of the transaction, the chief accounting officer now owns 89,302 shares of the company’s stock, valued at approximately $8,452,434.30. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David Sherry sold 10,175 shares of the business’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 of the company’s stock, 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.

Institutional Trading of ServiceTitan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTAN. SBI Securities Co. Ltd. purchased a new position in ServiceTitan in the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC purchased a new position in shares of ServiceTitan during the first quarter valued at approximately $31,000. Assetmark Inc. acquired a new stake in ServiceTitan during the fourth quarter worth approximately $67,000. FIL Ltd purchased a new stake in ServiceTitan in the 4th quarter worth approximately $67,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of ServiceTitan during the 4th quarter worth $91,000.

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.