Artisan Partners Limited Partnership Purchases Shares of 257,018 ServiceTitan Inc. (NASDAQ:TTAN)

Artisan Partners Limited Partnership bought a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 257,018 shares of the company's stock, valued at approximately $26,439,000. Artisan Partners Limited Partnership owned approximately 0.34% of ServiceTitan as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in ServiceTitan in the 4th quarter valued at about $26,000. Assetmark Inc. acquired a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $67,000. Avantax Advisory Services Inc. bought a new position in ServiceTitan in the 4th quarter worth approximately $227,000. Virtu Financial LLC acquired a new position in ServiceTitan during the 4th quarter worth $473,000. Finally, Sei Investments Co. bought a new position in ServiceTitan in the 4th quarter valued at $1,593,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TTAN shares. KeyCorp began coverage on ServiceTitan in a research report on Monday, January 6th. They set an "overweight" rating and a $120.00 target price for the company. William Blair began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an "outperform" rating on the stock. Canaccord Genuity Group began coverage on ServiceTitan in a report on Monday, January 6th. They issued a "buy" rating and a $120.00 price objective for the company. Loop Capital dropped their target price on ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Finally, Citigroup boosted their price target on ServiceTitan from $109.00 to $113.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.33.

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Insiders Place Their Bets

In other ServiceTitan news, CAO Michele O'connor sold 5,494 shares of the company'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 owns 89,302 shares of the company's stock, valued at $8,452,434.30. This represents a 5.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Sherry sold 10,175 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 value of $963,063.75. Following the sale, the chief financial officer now directly owns 325,409 shares in the company, valued at $30,799,961.85. The trade was a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

ServiceTitan Price Performance

NASDAQ TTAN traded up $2.13 during midday trading on Wednesday, hitting $97.13. The company had a trading volume of 67,867 shares, compared to its average volume of 344,815. The business has a 50-day moving average of $96.26. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $112.00.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. On average, equities analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current year.

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.