Norges Bank Acquires New Shares in ServiceTitan Inc. (NASDAQ:TTAN)

Norges Bank purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 75,000 shares of the company's stock, valued at approximately $7,715,000. Norges Bank owned approximately 0.10% of ServiceTitan as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of ServiceTitan in the 4th quarter valued at $26,000. Assetmark Inc. bought a new stake in shares of ServiceTitan in the 4th quarter worth approximately $67,000. Avantax Advisory Services Inc. bought a new position in ServiceTitan in the 4th quarter valued at approximately $227,000. Virtu Financial LLC purchased a new stake in shares of ServiceTitan in the 4th quarter worth $473,000. Finally, Sei Investments Co. purchased a new stake in ServiceTitan in the fourth quarter worth about $1,593,000.

Insider Transactions at ServiceTitan

In related news, CFO David Sherry sold 10,175 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michele O'connor sold 5,494 shares of the business's 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 transaction, the chief accounting officer now directly owns 89,302 shares of the company's stock, valued at approximately $8,452,434.30. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here.

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Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen began coverage on ServiceTitan in a report on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of ServiceTitan in a research report on Wednesday, April 9th. Baird R W upgraded shares of ServiceTitan to a "strong-buy" rating in a research report on Friday, December 27th. William Blair initiated coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an "outperform" rating on the stock. Finally, Truist Financial assumed coverage on ServiceTitan in a research report on Monday, January 6th. They set a "buy" rating and a $120.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.77.

ServiceTitan Stock Performance

Shares of TTAN traded up $0.53 during midday trading on Monday, reaching $101.42. 10,132 shares of the stock were exchanged, compared to its average volume of 361,947. The firm has a 50-day simple moving average of $94.84. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $112.00.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. On average, equities research analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

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.