Stifel Nicolaus Boosts ServiceTitan (NASDAQ:TTAN) Price Target to $145.00

ServiceTitan (NASDAQ:TTAN) had its price target hoisted by analysts at Stifel Nicolaus from $135.00 to $145.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 25.56% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Citigroup raised their price target on shares of ServiceTitan from $111.00 to $123.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Robert W. Baird raised their price target on shares of ServiceTitan from $124.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Truist Financial raised their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Wells Fargo & Company raised their price target on shares of ServiceTitan from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday. Finally, BMO Capital Markets assumed coverage on shares of ServiceTitan in a research note on Thursday, August 28th. They issued an “outperform” rating and a $129.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

ServiceTitan Price Performance

TTAN opened at $115.48 on Friday. The firm has a market cap of $10.47 billion and a price-to-earnings ratio of -21.39. ServiceTitan has a fifty-two week low of $79.81 and a fifty-two week high of $131.33. The company’s 50-day moving average price is $110.39 and its 200 day moving average price is $108.56. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, CAO Michele O’connor sold 5,188 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $116.05, for a total transaction of $602,067.40. Following the sale, the chief accounting officer directly owned 93,748 shares of the company’s stock, valued at approximately $10,879,455.40. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ara Mahdessian sold 3,059 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $116.04, for a total transaction of $354,966.36. The disclosure for this sale can be found here. Insiders sold a total of 1,869,438 shares of company stock valued at $211,021,131 over the last 90 days. Company insiders own 51.72% of the company’s stock.

Institutional Trading of ServiceTitan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in ServiceTitan by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company’s stock worth $219,341,000 after acquiring an additional 32,066 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in ServiceTitan by 1,545.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company’s stock worth $195,521,000 after acquiring an additional 1,930,779 shares in the last quarter. Franklin Resources Inc. raised its position in ServiceTitan by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock worth $202,917,000 after acquiring an additional 1,131,062 shares in the last quarter. Invesco Ltd. raised its position in ServiceTitan by 1,388.2% during the second quarter. Invesco Ltd. now owns 1,477,369 shares of the company’s stock worth $158,344,000 after acquiring an additional 1,378,100 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in ServiceTitan by 300,996.1% during the second quarter. JPMorgan Chase & Co. now owns 1,324,823 shares of the company’s stock worth $141,995,000 after acquiring an additional 1,324,383 shares in the last quarter.

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.