Canada Pension Plan Investment Board Takes $71.16 Million Position in ServiceTitan Inc. (NASDAQ:TTAN)

Canada Pension Plan Investment Board purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 691,696 shares of the company's stock, valued at approximately $71,155,000. Canada Pension Plan Investment Board owned 0.90% of ServiceTitan as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTAN. SBI Securities Co. Ltd. acquired a new stake in shares of ServiceTitan in the fourth quarter valued at about $26,000. Assetmark Inc. acquired a new stake in ServiceTitan in the 4th quarter worth about $67,000. FIL Ltd purchased a new stake in ServiceTitan during the 4th quarter worth approximately $67,000. Avantax Advisory Services Inc. acquired a new position in shares of ServiceTitan during the fourth quarter valued at approximately $227,000. Finally, Barclays PLC purchased a new position in shares of ServiceTitan in the fourth quarter valued at approximately $267,000.

Insider Transactions at ServiceTitan

In other news, 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 transaction, the chief financial officer now directly owns 325,409 shares in the company, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their position. The sale 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 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 $520,007.10. Following the completion of the sale, the chief accounting officer now owns 89,302 shares of the company's stock, valued at $8,452,434.30. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here.

ServiceTitan Stock Up 1.9 %

TTAN stock opened at $119.89 on Friday. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $123.48. The stock's fifty day simple moving average is $96.08.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TTAN shares. Canaccord Genuity Group increased their price objective on ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday. Stifel Nicolaus reduced their target price on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Baird R W upgraded shares of ServiceTitan to a "strong-buy" rating in a research report on Friday, December 27th. Truist Financial started coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a "buy" rating and a $120.00 price objective for the company. Finally, TD Cowen initiated coverage on ServiceTitan in a report on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price on the stock. Four 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $115.54.

About ServiceTitan

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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