ServiceTitan Inc. (NASDAQ:TTAN) CAO Sells $520,007.10 in Stock

ServiceTitan Inc. (NASDAQ:TTAN) CAO Michele O’connor sold 5,494 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $520,007.10. Following the transaction, the chief accounting officer now owns 89,302 shares in the company, valued at approximately $8,452,434.30. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ServiceTitan Stock Up 0.5 %

NASDAQ TTAN traded up $0.50 during trading hours on Monday, reaching $94.96. The stock had a trading volume of 257,369 shares, compared to its average volume of 333,835. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $112.00. The company’s fifty day moving average is $96.62.

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

Institutional Trading of ServiceTitan

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. acquired a new stake in shares of ServiceTitan during the 4th quarter worth approximately $25,365,000. New York State Common Retirement Fund purchased a new stake in ServiceTitan during the fourth quarter worth $3,692,000. TimesSquare Capital Management LLC acquired a new stake in ServiceTitan during the fourth quarter valued at $87,896,000. SBI Securities Co. Ltd. acquired a new stake in ServiceTitan during the fourth quarter valued at $26,000. Finally, Victory Capital Management Inc. acquired a new position in shares of ServiceTitan in the fourth quarter worth about $10,450,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $125.00 price objective on shares of ServiceTitan in a research note on Friday, March 14th. Morgan Stanley increased their target price on ServiceTitan from $104.00 to $107.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Citigroup raised 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. Robert W. Baird started coverage on shares of ServiceTitan in a report on Friday, December 27th. They issued an “outperform” rating and a $117.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of ServiceTitan in a research report on Friday, March 14th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

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.