Alliancebernstein L.P. purchased a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 146,668 shares of the company's stock, valued at approximately $15,088,000. Alliancebernstein L.P. owned 0.19% of ServiceTitan as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TTAN. Battery Management Corp. bought a new position in shares of ServiceTitan in the fourth quarter worth $496,599,000. TimesSquare Capital Management LLC bought a new stake in shares of ServiceTitan during the 4th quarter valued at about $87,896,000. Vanguard Group Inc. purchased a new position in shares of ServiceTitan during the fourth quarter worth about $57,349,000. Artisan Partners Limited Partnership bought a new position in shares of ServiceTitan in the fourth quarter worth approximately $26,439,000. Finally, Principal Financial Group Inc. bought a new stake in ServiceTitan during the fourth quarter valued at approximately $25,365,000.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on TTAN shares. TD Cowen initiated coverage on ServiceTitan in a report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price objective for the company. KeyCorp started coverage on ServiceTitan in a research report on Monday, January 6th. They issued an "overweight" rating and a $120.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of ServiceTitan in a research report on Wednesday, April 9th. Citigroup increased their price target on ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Finally, Canaccord Genuity Group initiated coverage on ServiceTitan in a report on Monday, January 6th. They issued a "buy" rating and a $120.00 price objective for the company. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ServiceTitan has an average rating of "Moderate Buy" and a consensus price target of $114.77.
Check Out Our Latest Analysis on ServiceTitan
ServiceTitan Stock Performance
Shares of TTAN stock traded up $1.85 during mid-day trading on Monday, hitting $102.74. 17,050 shares of the stock traded hands, compared to its average volume of 362,127. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $112.00. The stock's fifty day moving average price is $94.84.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its quarterly earnings data 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 Transactions at ServiceTitan
In other news, CAO Michele O'connor sold 5,494 shares of the firm's 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 completion of the transaction, the chief accounting officer now directly owns 89,302 shares in the company, valued at $8,452,434.30. This trade represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David Sherry sold 10,175 shares of the company'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 value of $963,063.75. Following the completion of the sale, the chief financial officer now owns 325,409 shares in the company, 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 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.
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