Greenland Capital Management LP Acquires Shares of 2,950 ServiceTitan Inc. (NASDAQ:TTAN)

Greenland Capital Management LP acquired a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,950 shares of the company's stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FIL Ltd bought a new position in ServiceTitan during the 4th quarter valued at $67,000. Invesco Ltd. acquired a new stake in ServiceTitan during the fourth quarter valued at approximately $20,574,000. Pamalican Asset Management Ltd acquired a new position in shares of ServiceTitan in the 4th quarter worth $2,440,000. DF Dent & Co. Inc. acquired a new stake in ServiceTitan during the 4th quarter worth about $8,357,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of ServiceTitan in the 4th quarter valued at approximately $49,396,000.

Insider Activity at ServiceTitan

In other ServiceTitan news, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $963,063.75. Following the sale, the chief financial officer now owns 325,409 shares in the company, valued at $30,799,961.85. The trade was a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Michele O'connor sold 5,494 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 89,302 shares of the company's stock, valued at approximately $8,452,434.30. This represents a 5.80 % decrease in their position. The disclosure for this sale can be found here.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TTAN shares. Loop Capital dropped their price target on ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. William Blair started coverage on ServiceTitan in a report on Monday, January 6th. They issued an "outperform" rating on the stock. Baird R W upgraded shares of ServiceTitan to a "strong-buy" rating in a report on Friday, December 27th. 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 target price for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of ServiceTitan in a research note on Wednesday, April 9th. Four research 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, ServiceTitan has a consensus rating of "Moderate Buy" and a consensus target price of $114.77.

ServiceTitan Stock Up 2.3 %

Shares of TTAN stock traded up $2.36 during trading hours on Monday, reaching $103.25. 49,156 shares of the company's stock were exchanged, compared to its average volume of 362,512. The business's fifty day simple moving average is $94.84. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week 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 analysts predict that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

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.