Science & Technology Partners L.P. Buys Shares of 15,200 ServiceTitan Inc. (NASDAQ:TTAN)

Science & Technology Partners L.P. purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,200 shares of the company's stock, valued at approximately $1,564,000. ServiceTitan accounts for approximately 0.5% of Science & Technology Partners L.P.'s portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Adage Capital Partners GP L.L.C. purchased a new position in shares of ServiceTitan in the 4th quarter valued at about $1,543,000. T. Rowe Price Investment Management Inc. acquired a new stake in ServiceTitan in the fourth quarter valued at approximately $89,529,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $233,937,000. Tower Research Capital LLC TRC acquired a new position in shares of ServiceTitan during the 4th quarter worth approximately $91,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of ServiceTitan during the 4th quarter valued at approximately $12,854,000.

ServiceTitan Stock Down 0.5 %

NASDAQ:TTAN traded down $0.62 during mid-day trading on Friday, reaching $125.37. 213,412 shares of the stock were exchanged, compared to its average volume of 385,480. The company has a 50 day moving average of $98.34. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $128.16.

Analyst Ratings Changes

TTAN has been the topic of a number of research reports. Morgan Stanley raised their price objective on ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $125.00 price target on shares of ServiceTitan in a research note on Friday, March 14th. TD Cowen assumed coverage on shares of ServiceTitan in a research report on Tuesday, April 8th. They set a "buy" rating and a $120.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of ServiceTitan in a research report on Wednesday, April 9th. Finally, William Blair began coverage on ServiceTitan in a report on Monday, January 6th. They issued an "outperform" rating for the company. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.08.

Insider Buying and Selling

In other ServiceTitan news, 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 value 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. The trade was a 5.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $963,063.75. Following the completion of the sale, 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 position. The disclosure for this sale can be found here.

About ServiceTitan

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.