Massachusetts Financial Services Co. MA acquired a new position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 480,174 shares of the company's stock, valued at approximately $49,396,000. Massachusetts Financial Services Co. MA owned 0.63% of ServiceTitan as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTAN. Battery Management Corp. purchased a new position in ServiceTitan during the fourth quarter worth about $496,599,000. TimesSquare Capital Management LLC purchased a new position in shares of ServiceTitan during the 4th quarter worth approximately $87,896,000. Vanguard Group Inc. acquired a new stake in ServiceTitan in the 4th quarter valued at approximately $57,349,000. Franklin Resources Inc. purchased a new stake in ServiceTitan in the fourth quarter valued at approximately $47,148,000. Finally, Artisan Partners Limited Partnership purchased a new position in shares of ServiceTitan during the fourth quarter worth $26,439,000.
Wall Street Analyst Weigh In
A number of brokerages recently commented on TTAN. Citigroup lifted their target price on ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. TD Cowen initiated coverage on shares of ServiceTitan in a research report on Tuesday. They issued a "buy" rating and a $120.00 price target for the company. Canaccord Genuity Group assumed coverage on ServiceTitan in a report on Monday, January 6th. They set a "buy" rating and a $120.00 price target on the stock. KeyCorp initiated coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued an "overweight" rating and a $120.00 price objective on the stock. Finally, Robert W. Baird began coverage on shares of ServiceTitan in a research report on Friday, December 27th. They set an "outperform" rating and a $117.00 price objective for the company. Four equities 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 data from MarketBeat.com, ServiceTitan currently has an average rating of "Moderate Buy" and an average target price of $114.77.
View Our Latest Analysis on TTAN
ServiceTitan Trading Down 3.2 %
Shares of TTAN traded down $3.10 during mid-day trading on Thursday, reaching $94.96. 63,287 shares of the company's stock were exchanged, compared to its average volume of 365,288. The stock's fifty day simple moving average is $95.01. 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 issued its quarterly earnings data on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. As a group, equities research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CAO Michele O'connor sold 5,494 shares of the business's 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 transaction, 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 legal filing with the SEC, which is available through this link. Also, CFO David Sherry sold 10,175 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. The trade was a 3.03 % decrease in their position. The disclosure for this sale can be found here.
ServiceTitan Company 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.
Further Reading
Before you consider ServiceTitan, 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 ServiceTitan wasn't on the list.
While ServiceTitan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
