Marshall Wace LLP Takes $23.88 Million Position in ServiceTitan Inc. (NASDAQ:TTAN)

Marshall Wace LLP purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 232,180 shares of the company's stock, valued at approximately $23,884,000. Marshall Wace LLP owned about 0.30% of ServiceTitan at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Battery Management Corp. purchased a new position in ServiceTitan during the 4th quarter worth $496,599,000. TimesSquare Capital Management LLC purchased a new position in shares of ServiceTitan during the fourth quarter worth about $87,896,000. Vanguard Group Inc. acquired a new position in ServiceTitan in the 4th quarter valued at about $57,349,000. Massachusetts Financial Services Co. MA purchased a new stake in ServiceTitan during the 4th quarter valued at approximately $49,396,000. Finally, Franklin Resources Inc. acquired a new stake in ServiceTitan during the 4th quarter worth approximately $47,148,000.

Insider Buying and Selling at ServiceTitan

In related news, CFO David Sherry sold 10,175 shares of the stock in a transaction on 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michele O'connor sold 5,494 shares of the business'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 transaction, 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 position. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of ServiceTitan in a research note on Wednesday, April 9th. TD Cowen began coverage on shares of ServiceTitan in a report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 target price on the stock. Citigroup increased their price target on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $125.00 price objective on shares of ServiceTitan in a report on Friday, March 14th. Finally, The Goldman Sachs Group initiated coverage on ServiceTitan in a research note on Monday, January 6th. They set a "neutral" rating and a $100.00 target price for the company. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.54.

ServiceTitan Stock Up 0.4 %

Shares of ServiceTitan stock traded up $0.44 on Wednesday, hitting $121.03. The company's stock had a trading volume of 440,020 shares, compared to its average volume of 382,399. The business has a fifty day moving average of $96.91. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $128.16.

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.