Insider Buying: Titan Machinery Inc. (NASDAQ:TITN) CFO Buys 658 Shares of Stock

Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) CFO Robert Larsen acquired 658 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average cost of $15.20 per share, for a total transaction of $10,001.60. Following the completion of the acquisition, the chief financial officer now directly owns 37,330 shares in the company, valued at approximately $567,416. The trade was a 1.79 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.Get Titan Machinery alerts:Titan Machinery Price PerformanceMassive Upside Forecasted In Alta Equipment GroupTitan Machinery stock traded down $0.29 during trading on Monday, reaching $14.71. The company had a trading volume of 145,363 shares, compared to its average volume of 263,216. The firm has a market capitalization of $340.18 million, a PE ratio of 10.97 and a beta of 1.27. The firm's 50-day simple moving average is $17.05 and its 200 day simple moving average is $15.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $24.31. Institutional Trading of Titan MachineryA number of institutional investors and hedge funds have recently modified their holdings of TITN. FMR LLC increased its stake in Titan Machinery by 142.5% during the 3rd quarter. FMR LLC now owns 5,262 shares of the company's stock worth $73,000 after buying an additional 3,092 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Titan Machinery by 21.2% during the third quarter. BNP Paribas Financial Markets now owns 78,510 shares of the company's stock worth $1,094,000 after purchasing an additional 13,757 shares in the last quarter. Verition Fund Management LLC acquired a new position in Titan Machinery in the 3rd quarter valued at $229,000. Janus Henderson Group PLC lifted its holdings in Titan Machinery by 6.8% in the 3rd quarter. Janus Henderson Group PLC now owns 39,262 shares of the company's stock valued at $547,000 after purchasing an additional 2,496 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Titan Machinery by 122.1% in the 3rd quarter. Jane Street Group LLC now owns 56,375 shares of the company's stock valued at $785,000 after purchasing an additional 30,997 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock. Analysts Set New Price TargetsTITN has been the subject of a number of research reports. Robert W. Baird decreased their target price on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Baird R W upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Finally, B. Riley began coverage on Titan Machinery in a research report on Thursday, March 27th. They set a "neutral" rating and a $19.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Titan Machinery currently has a consensus rating of "Hold" and an average price target of $19.80.View Our Latest Stock Report on Titan MachineryAbout Titan Machinery (Get Free Report)Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.Featured ArticlesFive stocks we like better than Titan MachineryHow to Buy Gold Stock and Invest in GoldNVIDIA Stock: Oversold, Undervalued — How Low Can It Go?2 Fintech Stocks to Buy Now and 1 to AvoidMicroStrategy Sees Insider Buy-Sell Action in Q1When to Sell a Stock for Profit or LossThese Dividend Stocks Might Be the Safest Bet Right NowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Titan Machinery Right Now?Before you consider Titan Machinery, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Titan Machinery wasn't on the list.While Titan Machinery currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here