ServiceTitan (NASDAQ:TTAN) Shares Down 3.7% – Time to Sell?

ServiceTitan Inc. (NASDAQ:TTAN)’s share price fell 3.7% on Thursday . The company traded as low as $111.06 and last traded at $113.29. 77,538 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 373,975 shares. The stock had previously closed at $117.66.

Analyst Ratings Changes

Several research analysts have issued reports on TTAN shares. Wells Fargo & Company began coverage on ServiceTitan in a research report on Monday, January 6th. They set an “overweight” rating and a $125.00 target price for the company. TD Cowen initiated coverage on shares of ServiceTitan in a research note on Tuesday, April 8th. They set a “buy” rating and a $120.00 target price for the company. Loop Capital decreased their price objective on shares of ServiceTitan from $105.00 to $90.00 and set a “hold” rating for the company in a report on Friday, March 14th. Truist Financial assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Piper Sandler reiterated an “overweight” rating and issued a $125.00 price target on shares of ServiceTitan in a report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceTitan currently has a consensus rating of “Moderate Buy” and an average price target of $115.54.

ServiceTitan Stock Up 0.3 %

The company has a 50-day simple moving average of $95.36.

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

Insiders Place Their Bets

In other 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 sale, the chief accounting officer now directly owns 89,302 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Sherry sold 10,175 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the completion of the transaction, the chief financial officer now owns 325,409 shares of the company’s stock, valued at $30,799,961.85. This trade represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

Institutional Trading of ServiceTitan

Several institutional investors and hedge funds have recently bought and sold shares of TTAN. Deer Management Co. LLC purchased a new position in shares of ServiceTitan during the 4th quarter valued at about $925,943,000. TPG GP A LLC acquired a new position in shares of ServiceTitan in the 4th quarter valued at $525,405,000. Battery Management Corp. acquired a new stake in ServiceTitan during the fourth quarter valued at $496,599,000. Price T Rowe Associates Inc. MD acquired a new position in shares of ServiceTitan in the fourth quarter worth about $233,937,000. Finally, Dragoneer Investment Group LLC acquired a new stake in shares of ServiceTitan during the 4th quarter valued at about $210,777,000.

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.