ServiceTitan (NASDAQ:TTAN) Sees Unusually-High Trading Volume – What’s Next?

Shares of ServiceTitan Inc. (NASDAQ:TTAN) saw an uptick in trading volume on Thursday . 380,642 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 275,886 shares.The stock last traded at $81.90 and had previously closed at $85.53.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. KeyCorp started coverage on ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $120.00 price objective for the company. Baird R W raised ServiceTitan to a “strong-buy” rating in a research report on Friday, December 27th. Truist Financial initiated coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a “buy” rating and a $120.00 target price for the company. Robert W. Baird assumed coverage on shares of ServiceTitan in a research note on Friday, December 27th. They issued an “outperform” rating and a $117.00 price objective for the company. Finally, Morgan Stanley increased their price target on ServiceTitan from $104.00 to $107.00 and gave the company an “equal weight” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

ServiceTitan Stock Performance

The stock’s 50 day moving average is $97.14.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. Analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Deer Management Co. LLC purchased a new stake in ServiceTitan in the fourth quarter valued at approximately $925,943,000. TPG GP A LLC bought a new position in ServiceTitan in the fourth quarter valued at $525,405,000. Battery Management Corp. purchased a new stake in ServiceTitan during the fourth quarter valued at about $496,599,000. Price T Rowe Associates Inc. MD purchased a new position in shares of ServiceTitan in the 4th quarter worth about $233,937,000. Finally, Dragoneer Investment Group LLC bought a new position 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.