TimesSquare Capital Management LLC Purchases Shares of 854,438 ServiceTitan Inc. (NASDAQ:TTAN)

TimesSquare Capital Management LLC purchased a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 854,438 shares of the company's stock, valued at approximately $87,896,000. ServiceTitan makes up approximately 1.3% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 17th biggest position. TimesSquare Capital Management LLC owned about 1.12% of ServiceTitan as of its most recent filing with the Securities & Exchange Commission.

Separately, New York State Common Retirement Fund bought a new stake in ServiceTitan in the fourth quarter worth $3,692,000.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Baird R W raised ServiceTitan to a "strong-buy" rating in a report on Friday, December 27th. Piper Sandler assumed coverage on ServiceTitan in a report on Monday, January 6th. They issued an "overweight" rating and a $125.00 target price on the stock. Wells Fargo & Company assumed coverage on ServiceTitan in a report on Monday, January 6th. They issued an "overweight" rating and a $125.00 target price on the stock. Stifel Nicolaus assumed coverage on ServiceTitan in a report on Monday, January 6th. They issued a "buy" rating and a $120.00 target price on the stock. Finally, Citigroup boosted their target price on ServiceTitan from $109.00 to $113.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $116.17.

ServiceTitan Trading Down 0.8 %

ServiceTitan stock traded down $0.75 during mid-day trading on Friday, reaching $96.76. 316,076 shares of the stock traded hands, compared to its average volume of 250,796. ServiceTitan Inc. has a 12-month low of $91.04 and a 12-month high of $112.00.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings data on Monday, January 13th. The company reported ($1.18) EPS for the quarter. As a group, sell-side analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

ServiceTitan Profile

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.