Pamalican Asset Management Ltd acquired a new position in shares of 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 acquired 23,719 shares of the company's stock, valued at approximately $2,440,000. ServiceTitan accounts for 1.1% of Pamalican Asset Management Ltd's holdings, making the stock its 27th biggest holding.
Other institutional investors have also recently bought and sold shares of the company. TimesSquare Capital Management LLC acquired a new stake in shares of ServiceTitan in the fourth quarter valued at about $87,896,000. Battery Management Corp. bought a new stake in ServiceTitan in the 4th quarter valued at about $496,599,000. Avantax Advisory Services Inc. acquired a new position in ServiceTitan in the 4th quarter valued at $227,000. Artisan Partners Limited Partnership acquired a new stake in ServiceTitan in the fourth quarter valued at about $26,439,000. Finally, Assetmark Inc. bought a new position in ServiceTitan in the 4th quarter valued at approximately $67,000.
ServiceTitan Stock Up 3.9 %
ServiceTitan stock traded up $3.42 during mid-day trading on Wednesday, hitting $92.24. The company had a trading volume of 277,108 shares, compared to its average volume of 365,426. The business has a fifty day moving average of $95.15. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $112.00.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. As a group, research analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other ServiceTitan news, CAO Michele O'connor sold 5,494 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $520,007.10. Following the completion of the transaction, the chief accounting officer now directly owns 89,302 shares in the company, valued at $8,452,434.30. This trade represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 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 represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Analysts Set New Price Targets
Several research analysts have issued reports on TTAN shares. TD Cowen started coverage on shares of ServiceTitan in a report on Tuesday. They set a "buy" rating and a $120.00 price target for the company. William Blair initiated coverage on ServiceTitan in a research report on Monday, January 6th. They set an "outperform" rating for the company. Robert W. Baird initiated coverage on shares of ServiceTitan in a report on Friday, December 27th. They set an "outperform" rating and a $117.00 price objective on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $125.00 target price on shares of ServiceTitan in a report on Friday, March 14th. Finally, Morgan Stanley lifted their price objective on shares of ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Four 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. According to data from MarketBeat.com, ServiceTitan currently has an average rating of "Moderate Buy" and an average target price of $114.77.
Check Out Our Latest Stock Analysis on ServiceTitan
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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