Vanguard Group Inc. Takes Position in ServiceTitan Inc. (NASDAQ:TTAN)

Vanguard Group Inc. bought a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 557,486 shares of the company's stock, valued at approximately $57,349,000. Vanguard Group Inc. owned about 0.73% of ServiceTitan at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTAN. Sei Investments Co. bought a new position in ServiceTitan during the fourth quarter valued at approximately $1,593,000. Virtu Financial LLC bought a new position in shares of ServiceTitan during the 4th quarter valued at $473,000. Burkehill Global Management LP bought a new position in shares of ServiceTitan during the 4th quarter valued at $5,144,000. Avantax Advisory Services Inc. purchased a new position in ServiceTitan in the 4th quarter worth $227,000. Finally, Battery Management Corp. bought a new stake in ServiceTitan in the fourth quarter worth $496,599,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTAN. Robert W. Baird assumed coverage on ServiceTitan in a report on Friday, December 27th. They issued an "outperform" rating and a $117.00 price objective on the stock. Baird R W upgraded ServiceTitan to a "strong-buy" rating in a research report on Friday, December 27th. Truist Financial assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a "buy" rating and a $120.00 target price on the stock. KeyCorp initiated coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an "overweight" rating and a $120.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a "neutral" rating and a $100.00 price target on the stock. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ServiceTitan presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.77.

Remove Ads

Insider Buying and Selling at ServiceTitan

In related news, CFO David Sherry sold 10,175 shares of the company'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 value of $963,063.75. Following the sale, the chief financial officer now owns 325,409 shares in the company, valued at $30,799,961.85. This represents a 3.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Michele O'connor sold 5,494 shares of ServiceTitan 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 owns 89,302 shares of the company's stock, valued at $8,452,434.30. The trade was a 5.80 % decrease in their position. The disclosure for this sale can be found here.

ServiceTitan Stock Performance

ServiceTitan stock traded up $10.22 during trading hours on Tuesday, hitting $115.59. 710,675 shares of the stock traded hands, compared to its average volume of 370,050. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $116.39. The business's 50-day moving average price is $94.87.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. On average, analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

ServiceTitan Company 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.