ServiceTitan Inc. (NASDAQ:TTAN) Stock Has Consensus Price Target of $96.38

Shares of ServiceTitan Inc. (NASDAQ:TTAN) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $96.38.

Several analysts recently weighed in on TTAN shares. BTIG Research restated a “buy” rating and issued a $110.00 price objective on shares of ServiceTitan in a report on Wednesday, September 9th. Stifel Nicolaus dropped their target price on shares of ServiceTitan from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, September 9th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of ServiceTitan in a research report on Wednesday, September 9th. Truist Financial restated a “buy” rating and issued a $100.00 price target (down from $110.00) on shares of ServiceTitan in a report on Wednesday, September 9th. Finally, Citigroup lowered their price target on shares of ServiceTitan from $83.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, September 9th.

Insider Buying and Selling at ServiceTitan

In related news, CAO Michele O’connor sold 5,581 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $57.07, for a total value of $318,507.67. Following the completion of the transaction, the chief accounting officer owned 66,095 shares of the company’s stock, valued at $3,772,041.65. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO David Sherry sold 23,246 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $57.07, for a total value of $1,326,649.22. Following the sale, the chief financial officer owned 363,511 shares of the company’s stock, valued at approximately $20,745,572.77. This represents a 6.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 324,533 shares of company stock valued at $26,813,042. 39.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its position in ServiceTitan by 33.8% during the fourth quarter. Franklin Resources Inc. now owns 2,014,025 shares of the company’s stock valued at $214,494,000 after purchasing an additional 508,848 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in ServiceTitan by 47.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,617,353 shares of the company’s stock worth $172,248,000 after purchasing an additional 519,024 shares in the last quarter. Capital International Investors lifted its position in shares of ServiceTitan by 23.9% during the fourth quarter. Capital International Investors now owns 1,224,699 shares of the company’s stock valued at $130,430,000 after buying an additional 236,287 shares during the last quarter. Bamco Inc. NY lifted its position in shares of ServiceTitan by 14.0% during the fourth quarter. Bamco Inc. NY now owns 1,096,931 shares of the company’s stock valued at $116,823,000 after buying an additional 134,313 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of ServiceTitan in the 4th quarter valued at about $112,678,000.

ServiceTitan Stock Up 6.0%

TTAN opened at $63.52 on Wednesday. The stock’s fifty day moving average is $78.84 and its two-hundred day moving average is $71.12. The company has a market capitalization of $6.13 billion, a P/E ratio of -46.71 and a beta of 0.11. ServiceTitan has a 52 week low of $53.00 and a 52 week high of $111.36.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. ServiceTitan had a negative return on equity of 5.65% and a negative net margin of 12.12%.The business had revenue of $292.76 million during the quarter, compared to analysts’ expectations of $285.89 million. During the same period in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. Equities analysts anticipate that ServiceTitan will post -0.53 earnings per share for the current year.

ServiceTitan Company Profile

ServiceTitan, Inc develops cloud-based software designed to help residential and commercial contractors manage and grow their businesses. Its platform supports trades such as heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service industries.

The company’s products and services cover key business functions, including customer relationship management, lead generation, scheduling and dispatching, estimates, job management, invoicing, payments, financing, payroll, and business analytics.