DF Dent & Co. Inc. Acquires Shares of 81,235 ServiceTitan Inc. (NASDAQ:TTAN)

DF Dent & Co. Inc. purchased 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 Securities and Exchange Commission. The institutional investor purchased 81,235 shares of the company's stock, valued at approximately $8,357,000. DF Dent & Co. Inc. owned 0.11% of ServiceTitan at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTAN. SBI Securities Co. Ltd. acquired a new stake in ServiceTitan during the 4th quarter worth approximately $26,000. Assetmark Inc. purchased a new stake in shares of ServiceTitan during the 4th quarter worth $67,000. Avantax Advisory Services Inc. purchased a new position in ServiceTitan in the fourth quarter valued at about $227,000. Virtu Financial LLC acquired a new position in ServiceTitan during the fourth quarter worth $473,000. Finally, Diametric Capital LP acquired a new stake in ServiceTitan in the 4th quarter valued at about $889,000.

ServiceTitan Stock Up 3.5 %

ServiceTitan stock traded up $3.04 during midday trading on Tuesday, hitting $90.84. The stock had a trading volume of 143,229 shares, compared to its average volume of 361,118. The business's fifty day moving average is $95.65. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 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. As a group, equities research analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Analyst Ratings Changes

TTAN has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a "neutral" rating and a $100.00 price objective on the stock. Canaccord Genuity Group started coverage on ServiceTitan in a report on Monday, January 6th. They set a "buy" rating and a $120.00 price objective for the company. TD Cowen started coverage on ServiceTitan in a research report on Tuesday. They set a "buy" rating and a $120.00 price target for the company. KeyCorp started coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an "overweight" rating and a $120.00 target price for the company. Finally, Baird R W upgraded ServiceTitan to a "strong-buy" rating in a report on Friday, December 27th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $114.77.

Insider Activity at ServiceTitan

In related news, CFO David Sherry sold 10,175 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 transaction of $963,063.75. Following the completion of the transaction, the chief financial officer now owns 325,409 shares of the company's stock, valued at $30,799,961.85. This trade represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michele O'connor sold 5,494 shares of the company's stock in a transaction dated 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 directly owns 89,302 shares of the company's stock, valued at $8,452,434.30. The trade was a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

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.