Invesco Ltd. Takes $20.57 Million Position in ServiceTitan Inc. (NASDAQ:TTAN)

Invesco Ltd. acquired a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 200,000 shares of the company's stock, valued at approximately $20,574,000. Invesco Ltd. owned approximately 0.26% of ServiceTitan at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of ServiceTitan in the 4th quarter valued at approximately $26,000. Assetmark Inc. acquired a new position in ServiceTitan during the 4th quarter worth approximately $67,000. Avantax Advisory Services Inc. bought a new stake in ServiceTitan during the 4th quarter worth $227,000. Virtu Financial LLC acquired a new position in shares of ServiceTitan in the fourth quarter valued at approximately $473,000. Finally, Diametric Capital LP bought a new position in shares of ServiceTitan during the fourth quarter valued at $889,000.

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, CFO David Sherry sold 10,175 shares of ServiceTitan 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 transaction, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. This trade represents a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michele O'connor sold 5,494 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $520,007.10. Following the transaction, the chief accounting officer now directly owns 89,302 shares in the company, valued at approximately $8,452,434.30. This represents a 5.80 % decrease in their position. The disclosure for this sale can be found here.

ServiceTitan Price Performance

TTAN stock traded up $0.98 during midday trading on Wednesday, reaching $121.57. The company had a trading volume of 280,507 shares, compared to its average volume of 380,174. The company's 50-day moving average is $96.91. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $128.16.

Analyst Upgrades and Downgrades

TTAN has been the topic of several recent analyst reports. William Blair assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an "outperform" rating on the stock. The Goldman Sachs Group began coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a "neutral" rating and a $100.00 target price for the company. Citigroup lifted their price objective on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of ServiceTitan in a research report on Wednesday, April 9th. Finally, Morgan Stanley boosted their target price on shares of ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $115.54.

ServiceTitan Company 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.