ServiceTitan (NASDAQ:TTAN) Price Target Raised to $130.00

ServiceTitan (NASDAQ:TTAN) had its price objective upped by Canaccord Genuity Group from $120.00 to $130.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently commented on TTAN. William Blair initiated coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an “outperform” rating on the stock. Morgan Stanley upped their price target 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. TD Cowen assumed coverage on ServiceTitan in a research note on Tuesday, April 8th. They set a “buy” rating and a $120.00 price objective for the company. KeyCorp started coverage on ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $120.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $125.00 target price on the stock. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ServiceTitan currently has a consensus rating of “Moderate Buy” and an average price target of $115.54.

ServiceTitan Price Performance

Shares of NASDAQ:TTAN opened at $119.89 on Thursday. The business has a 50-day moving average price of $96.08. ServiceTitan has a 52-week low of $79.81 and a 52-week high of $123.48.

Insider Activity at ServiceTitan

In other news, CAO Michele O’connor sold 5,494 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $520,007.10. Following the sale, the chief accounting officer now owns 89,302 shares in the company, valued at $8,452,434.30. This trade represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David Sherry sold 10,175 shares of the business’s 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 sale, the chief financial officer now directly owns 325,409 shares of the company’s stock, valued at $30,799,961.85. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

Hedge Funds Weigh In On ServiceTitan

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in ServiceTitan in the 4th quarter valued at $26,000. Harbor Investment Advisory LLC purchased a new stake in shares of ServiceTitan during the first quarter worth $31,000. Assetmark Inc. purchased a new position in shares of ServiceTitan in the fourth quarter worth about $67,000. FIL Ltd acquired a new position in ServiceTitan during the fourth quarter worth about $67,000. Finally, Tower Research Capital LLC TRC purchased a new stake in ServiceTitan during the 4th quarter valued at about $91,000.

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.