Price T Rowe Associates Inc. MD bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,274,102 shares of the company's stock, valued at approximately $233,937,000. Price T Rowe Associates Inc. MD owned 2.97% of ServiceTitan as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in TTAN. SBI Securities Co. Ltd. acquired a new stake in shares of ServiceTitan in the fourth quarter valued at about $26,000. Assetmark Inc. acquired a new stake in ServiceTitan during the 4th quarter valued at $67,000. FIL Ltd purchased a new stake in ServiceTitan during the 4th quarter worth about $67,000. Tower Research Capital LLC TRC purchased a new stake in shares of ServiceTitan during the fourth quarter worth about $91,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of ServiceTitan in the fourth quarter valued at approximately $227,000.
Analyst Ratings Changes
Several research firms have commented on TTAN. Canaccord Genuity Group lifted their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. TD Cowen started coverage on ServiceTitan in a research note on Tuesday, April 8th. They issued a "buy" rating and a $120.00 target price for the company. The Goldman Sachs Group started coverage on ServiceTitan in a research note on Monday, January 6th. They issued a "neutral" rating and a $100.00 price target on the stock. Needham & Company LLC upped their price objective on shares of ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Loop Capital cut their price objective on shares of ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ServiceTitan has an average rating of "Moderate Buy" and an average target price of $118.23.
Read Our Latest Stock Analysis on TTAN
ServiceTitan Stock Down 0.1 %
Shares of TTAN traded down $0.10 during mid-day trading on Tuesday, reaching $119.24. 334,575 shares of the stock traded hands, compared to its average volume of 386,512. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $128.16. The firm has a fifty day moving average of $98.75.
Insider Transactions at ServiceTitan
In other ServiceTitan news, CAO Michele O'connor sold 5,494 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 transaction of $520,007.10. Following the completion of the sale, the chief accounting officer now owns 89,302 shares in the company, valued at $8,452,434.30. This trade represents a 5.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Sherry sold 10,175 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $963,063.75. Following the completion of the transaction, the chief financial officer now directly owns 325,409 shares in the company, valued at approximately $30,799,961.85. The trade was a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
About ServiceTitan
(
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.
Recommended Stories
Before you consider ServiceTitan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ServiceTitan wasn't on the list.
While ServiceTitan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
