ServiceTitan (NASDAQ:TTAN) Now Covered by TD Cowen

TD Cowen began coverage on shares of ServiceTitan (NASDAQ:TTAN) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $120.00 price target on the stock.

Several other equities analysts have also recently commented on the company. Stifel Nicolaus reduced their target price on ServiceTitan from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Robert W. Baird started coverage on ServiceTitan in a report on Friday, December 27th. They issued an “outperform” rating and a $117.00 price objective for the company. KeyCorp began coverage on ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $120.00 target price on the stock. Loop Capital lowered their target price on shares of ServiceTitan from $105.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, March 14th. Finally, Baird R W upgraded shares of ServiceTitan to a “strong-buy” rating in a research note on Friday, December 27th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $114.77.

ServiceTitan Price Performance

Shares of NASDAQ:TTAN opened at $88.82 on Tuesday. The firm has a 50 day moving average price of $95.15. ServiceTitan has a 52-week low of $79.81 and a 52-week high of $112.00.

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

Insider Buying and Selling

In related 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 transaction of $520,007.10. Following the sale, the chief accounting officer now directly owns 89,302 shares in the company, valued at $8,452,434.30. The trade was 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 the SEC website. 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 owns 325,409 shares in the company, valued at $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 modified their holdings of TTAN. SBI Securities Co. Ltd. bought a new stake in ServiceTitan in the fourth quarter worth about $26,000. Assetmark Inc. acquired a new stake in shares of ServiceTitan during the 4th quarter valued at $67,000. FIL Ltd bought a new stake in shares of ServiceTitan during the 4th quarter worth $67,000. Tower Research Capital LLC TRC acquired a new position in shares of ServiceTitan in the 4th quarter worth $91,000. Finally, Insight Holdings Group LLC purchased a new position in ServiceTitan in the 4th quarter worth about $103,000.

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.