Sei Investments Co. purchased a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,484 shares of the company's stock, valued at approximately $1,593,000.
Several other hedge funds also recently added to or reduced their stakes in TTAN. Principal Financial Group Inc. bought a new position in ServiceTitan in the 4th quarter valued at $25,365,000. New York State Common Retirement Fund purchased a new position in ServiceTitan in the 4th quarter worth about $3,692,000. TimesSquare Capital Management LLC purchased a new position in ServiceTitan in the 4th quarter worth about $87,896,000. SBI Securities Co. Ltd. purchased a new position in ServiceTitan in the 4th quarter worth about $26,000. Finally, Victory Capital Management Inc. purchased a new stake in ServiceTitan in the 4th quarter valued at about $10,450,000.
ServiceTitan Stock Performance
Shares of TTAN stock traded up $3.06 during mid-day trading on Friday, hitting $100.89. 292,636 shares of the stock traded hands, compared to its average volume of 367,176. The stock's fifty day moving average price is $94.84. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $112.00.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. As a group, equities analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.
Insider Buying and Selling at ServiceTitan
In other news, CFO David Sherry sold 10,175 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michele O'connor sold 5,494 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value 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. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here.
Analyst Ratings Changes
TTAN has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their target price on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Robert W. Baird assumed coverage on ServiceTitan in a research note on Friday, December 27th. They issued an "outperform" rating and a $117.00 price objective on the stock. Citigroup upped their target price on ServiceTitan from $109.00 to $113.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Wells Fargo & Company started coverage on ServiceTitan in a research report on Monday, January 6th. They set an "overweight" rating and a $125.00 price target on the stock. Finally, KeyCorp started coverage on ServiceTitan in a report on Monday, January 6th. They issued an "overweight" rating and a $120.00 price objective for the company. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ServiceTitan currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.77.
Read Our Latest Stock Analysis on TTAN
ServiceTitan Profile
(
Free Report)
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.
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