Ghisallo Capital Management LLC 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 353,291 shares of the company's stock, valued at approximately $36,343,000. ServiceTitan comprises about 2.1% of Ghisallo Capital Management LLC's holdings, making the stock its 11th biggest position. Ghisallo Capital Management LLC owned 0.46% of ServiceTitan at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in ServiceTitan in the 4th quarter valued at approximately $57,349,000. TimesSquare Capital Management LLC acquired a new stake in ServiceTitan in the 4th quarter valued at approximately $87,896,000. Battery Management Corp. acquired a new stake in ServiceTitan in the 4th quarter valued at approximately $496,599,000. Avantax Advisory Services Inc. acquired a new stake in ServiceTitan in the 4th quarter valued at approximately $227,000. Finally, Artisan Partners Limited Partnership acquired a new stake in ServiceTitan in the 4th quarter valued at approximately $26,439,000.
Insider Transactions at ServiceTitan
In other ServiceTitan news, CAO Michele O'connor sold 5,494 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 $520,007.10. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Sherry sold 10,175 shares of the 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 sale, 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 disclosure for this sale can be found here.
ServiceTitan Stock Performance
Shares of TTAN traded down $0.10 during trading hours on Tuesday, hitting $119.24. The stock had a trading volume of 334,575 shares, compared to its average volume of 386,512. The company's fifty day moving average price is $98.75. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $128.16.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on TTAN. Wells Fargo & Company initiated coverage on ServiceTitan in a report on Monday, January 6th. They set an "overweight" rating and a $125.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a "neutral" rating and a $100.00 price target on the stock. Piper Sandler reissued an "overweight" rating and issued a $125.00 price target on shares of ServiceTitan in a report on Friday, March 14th. Stifel Nicolaus lowered their price target on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Finally, KeyCorp boosted their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Friday. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, ServiceTitan has an average rating of "Moderate Buy" and an average target price of $118.23.
View Our Latest Analysis on TTAN
ServiceTitan Company Profile
(
Free Report)
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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