Burkehill Global Management LP Makes New Investment in ServiceTitan Inc. (NASDAQ:TTAN)

Burkehill Global Management LP bought a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 50,000 shares of the company's stock, valued at approximately $5,144,000. Burkehill Global Management LP owned about 0.07% of ServiceTitan at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in ServiceTitan during the 4th quarter worth $26,000. Assetmark Inc. acquired a new stake in shares of ServiceTitan in the 4th quarter worth about $67,000. Avantax Advisory Services Inc. acquired a new stake in shares of ServiceTitan in the 4th quarter worth about $227,000. New York State Common Retirement Fund acquired a new position in ServiceTitan during the 4th quarter valued at about $3,692,000. Finally, Victory Capital Management Inc. acquired a new position in ServiceTitan during the 4th quarter valued at about $10,450,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TTAN shares. Loop Capital began coverage on ServiceTitan in a report on Monday, January 6th. They set a "hold" rating and a $105.00 price target on the stock. Stifel Nicolaus initiated coverage on ServiceTitan in a research note on Monday, January 6th. They set a "buy" rating and a $120.00 target price on the stock. Truist Financial began coverage on ServiceTitan in a research note on Monday, January 6th. They issued a "buy" rating and a $120.00 price target for the company. Baird R W raised ServiceTitan to a "strong-buy" rating in a report on Friday, December 27th. Finally, William Blair assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an "outperform" rating for the company. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $116.17.

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ServiceTitan Trading Down 3.7 %

Shares of NASDAQ:TTAN traded down $3.19 during trading hours on Thursday, hitting $82.34. 1,133,935 shares of the company's stock traded hands, compared to its average volume of 292,472. The company's fifty day simple moving average is $97.40. 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 earnings results on Thursday, March 13th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. The business had revenue of $209.30 million for the quarter, compared to the consensus estimate of $200.11 million. The business's revenue for the quarter was up 29.4% compared to the same quarter last year. On average, research analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share 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.