Capital International Investors Invests $42.98 Million in ServiceTitan Inc. (NASDAQ:TTAN)

Capital International Investors bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 417,827 shares of the company's stock, valued at approximately $42,982,000. Capital International Investors owned about 0.55% of ServiceTitan as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Battery Management Corp. bought a new stake in ServiceTitan in the fourth quarter valued at $496,599,000. TimesSquare Capital Management LLC bought a new position in ServiceTitan in the 4th quarter worth approximately $87,896,000. Canada Pension Plan Investment Board bought a new position in shares of ServiceTitan in the 4th quarter valued at about $71,155,000. Vanguard Group Inc. acquired a new stake in ServiceTitan during the 4th quarter worth $57,349,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in ServiceTitan in the fourth quarter valued at about $49,396,000.

Insider Transactions at ServiceTitan

In other news, CAO Michele O'connor sold 5,494 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $520,007.10. Following the completion of the sale, the chief accounting officer now owns 89,302 shares in the company, valued at $8,452,434.30. This represents a 5.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David Sherry sold 10,175 shares of the 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. This trade represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

ServiceTitan Price Performance

Shares of TTAN traded down $0.62 during trading hours on Friday, hitting $125.37. The stock had a trading volume of 213,405 shares, compared to its average volume of 384,884. The business's 50 day moving average is $97.85. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $128.16.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial initiated coverage on ServiceTitan in a report on Monday, January 6th. They set a "buy" rating and a $120.00 price objective on the stock. Canaccord Genuity Group increased their price objective on ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, April 17th. KeyCorp upped their price objective on shares of ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Friday. The Goldman Sachs Group began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a "neutral" rating and a $100.00 price objective for the company. Finally, Morgan Stanley boosted their target price on shares of ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ServiceTitan presently has a consensus rating of "Moderate Buy" and an average target price of $117.08.

ServiceTitan 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.