ServiceTitan (NASDAQ:TTAN) Given New $130.00 Price Target at Canaccord Genuity Group

ServiceTitan (NASDAQ:TTAN) had its price target lifted by Canaccord Genuity Group from $120.00 to $130.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 10.49% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Citigroup boosted their price objective on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Robert W. Baird started coverage on ServiceTitan in a research report on Friday, December 27th. They set an “outperform” rating and a $117.00 price objective on the stock. KeyCorp assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an “overweight” rating and a $120.00 price target for the company. William Blair assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus cut their price target on shares of ServiceTitan from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Four investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.54.

ServiceTitan Price Performance

Shares of NASDAQ TTAN opened at $117.66 on Thursday. ServiceTitan has a twelve month low of $79.81 and a twelve month high of $123.48. The firm’s fifty day moving average price is $95.36.

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

Insider Transactions at ServiceTitan

In related news, CAO Michele O’connor sold 5,494 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were 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 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 document filed with the SEC, which is accessible through the SEC website. Also, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value 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 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 the stock. SBI Securities Co. Ltd. acquired a new stake in ServiceTitan during the 4th quarter worth $26,000. Harbor Investment Advisory LLC acquired a new stake in shares of ServiceTitan during the first quarter worth about $31,000. Assetmark Inc. purchased a new stake in shares of ServiceTitan in the 4th quarter valued at about $67,000. FIL Ltd purchased a new stake in shares of ServiceTitan in the 4th quarter valued at about $67,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of ServiceTitan in the 4th quarter valued at about $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.