870,304 Shares in ServiceTitan Inc. (NASDAQ:TTAN) Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. bought a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 870,304 shares of the company's stock, valued at approximately $89,529,000. T. Rowe Price Investment Management Inc. owned 1.14% of ServiceTitan as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of TTAN. SBI Securities Co. Ltd. bought a new stake in shares of ServiceTitan during the 4th quarter valued at about $26,000. Assetmark Inc. acquired a new position in ServiceTitan in the fourth quarter valued at approximately $67,000. FIL Ltd bought a new position in shares of ServiceTitan during the fourth quarter valued at approximately $67,000. Tower Research Capital LLC TRC acquired a new stake in shares of ServiceTitan during the 4th quarter worth approximately $91,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of ServiceTitan in the 4th quarter worth approximately $227,000.

Analysts Set New Price Targets

A number of research analysts recently commented on TTAN shares. TD Cowen initiated coverage on ServiceTitan in a research note on Tuesday, April 8th. They set a "buy" rating and a $120.00 price objective for the company. William Blair began coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an "outperform" rating for the company. Citigroup lifted their price objective on shares of ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Canaccord Genuity Group upped their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, Needham & Company LLC raised their price target on shares of ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday. Four investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $118.23.

Insider Activity

In other news, CFO David Sherry sold 10,175 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 transaction of $963,063.75. Following the completion of the transaction, the chief financial officer now owns 325,409 shares in the company, valued at approximately $30,799,961.85. This trade represents a 3.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Michele O'connor sold 5,494 shares of the business'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. The trade was a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

ServiceTitan Price Performance

TTAN traded down $0.10 during trading on Tuesday, reaching $119.24. The stock had a trading volume of 334,575 shares, compared to its average volume of 386,512. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $128.16. The stock has a 50 day simple moving average of $98.75.

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.