Capital World Investors Buys New Shares in ServiceTitan Inc. (NASDAQ:TTAN)

Capital World Investors acquired a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 124,972 shares of the company's stock, valued at approximately $12,856,000. Capital World Investors owned 0.16% of ServiceTitan as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Battery Management Corp. acquired a new position in shares of ServiceTitan during the fourth quarter worth about $496,599,000. TimesSquare Capital Management LLC purchased a new stake in ServiceTitan in the 4th quarter valued at approximately $87,896,000. Canada Pension Plan Investment Board acquired a new position in ServiceTitan during the 4th quarter worth approximately $71,155,000. Vanguard Group Inc. purchased a new position in shares of ServiceTitan during the 4th quarter worth approximately $57,349,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of ServiceTitan in the 4th quarter valued at approximately $49,396,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TTAN. Robert W. Baird initiated coverage on ServiceTitan in a report on Friday, December 27th. They set an "outperform" rating and a $117.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a "neutral" rating and a $100.00 price target for the company. Wells Fargo & Company started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an "overweight" rating and a $125.00 price objective for the company. Canaccord Genuity Group upped their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, Truist Financial started coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a "buy" rating and a $120.00 price target for the company. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.08.

ServiceTitan Stock Performance

NASDAQ:TTAN traded down $0.62 during trading hours on Friday, reaching $125.37. 213,412 shares of the company traded hands, compared to its average volume of 385,480. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $128.16. The firm's 50-day simple moving average is $97.85.

Insider Activity at ServiceTitan

In other news, CAO Michele O'connor sold 5,494 shares of ServiceTitan stock in a transaction dated 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 sale, the chief accounting officer now directly owns 89,302 shares in the company, 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 SEC, which is available through the SEC website. Also, CFO David Sherry sold 10,175 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $963,063.75. Following the completion of the transaction, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

ServiceTitan Profile

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.