Phoenix Financial Ltd. acquired a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,842 shares of the company's stock, valued at approximately $498,000.
Several other hedge funds have also added to or reduced their stakes in TTAN. SBI Securities Co. Ltd. purchased a new stake in shares of ServiceTitan during the 4th quarter worth approximately $26,000. Assetmark Inc. bought a new position in ServiceTitan during the fourth quarter valued at $67,000. FIL Ltd purchased a new stake in ServiceTitan in the fourth quarter worth $67,000. Avantax Advisory Services Inc. bought a new stake in shares of ServiceTitan in the fourth quarter valued at $227,000. Finally, Greenland Capital Management LP purchased a new position in shares of ServiceTitan during the 4th quarter valued at $303,000.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Canaccord Genuity Group initiated coverage on ServiceTitan in a report on Monday, January 6th. They issued a "buy" rating and a $120.00 price objective for the company. Robert W. Baird began coverage on shares of ServiceTitan in a research note on Friday, December 27th. They issued an "outperform" rating and a $117.00 target price for the company. Citigroup upped their price target on shares of ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Loop Capital reduced their price objective on shares of ServiceTitan from $105.00 to $90.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Finally, TD Cowen started coverage on ServiceTitan in a research report on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price on the stock. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.77.
Check Out Our Latest Report on ServiceTitan
Insider Activity at ServiceTitan
In related news, CFO David Sherry sold 10,175 shares of the firm'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 sale, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $520,007.10. Following the transaction, the chief accounting officer now owns 89,302 shares in the company, 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.
ServiceTitan Price Performance
TTAN traded up $10.22 on Tuesday, hitting $115.59. 710,675 shares of the company were exchanged, compared to its average volume of 370,050. The stock's fifty day moving average price is $94.87. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $116.39.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. As a group, sell-side analysts anticipate that ServiceTitan Inc. will post -1.98 EPS for the current year.
ServiceTitan 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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