NZS Capital LLC Makes New $15.48 Million Investment in ServiceTitan Inc. (NASDAQ:TTAN)

NZS Capital LLC purchased a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,506 shares of the company's stock, valued at approximately $15,483,000. NZS Capital LLC owned approximately 0.20% of ServiceTitan at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TTAN. SBI Securities Co. Ltd. bought a new position in ServiceTitan during the 4th quarter valued at $26,000. Assetmark Inc. bought a new position in ServiceTitan during the 4th quarter valued at $67,000. FIL Ltd bought a new position in ServiceTitan during the 4th quarter valued at $67,000. Tower Research Capital LLC TRC bought a new stake in shares of ServiceTitan during the 4th quarter worth $91,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of ServiceTitan during the 4th quarter worth $227,000.

Analyst Ratings Changes

A number of research firms have recently commented on TTAN. Morgan Stanley lifted their target price on ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. TD Cowen began coverage on ServiceTitan in a research note on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price on the stock. Truist Financial began coverage on ServiceTitan in a research note on Monday, January 6th. They set a "buy" rating and a $120.00 target price on the stock. Stifel Nicolaus lowered their target price on ServiceTitan from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, William Blair started coverage on ServiceTitan in a research note on Monday, January 6th. They issued an "outperform" rating on the stock. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $118.23.

Insider Buying and Selling at ServiceTitan

In other news, CAO Michele O'connor sold 5,494 shares of the business'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 $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. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Sherry sold 10,175 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the transaction, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at $30,799,961.85. The trade was a 3.03 % decrease in their position. The disclosure for this sale can be found here.

ServiceTitan Stock Down 0.1 %

TTAN stock traded down $0.10 during mid-day trading on Tuesday, reaching $119.24. 334,575 shares of the company traded hands, compared to its average volume of 386,512. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $128.16. The company has a fifty day moving average price of $99.19.

ServiceTitan Company 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.