Virtu Financial LLC bought a new position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,599 shares of the company's stock, valued at approximately $473,000.
Several other hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in ServiceTitan during the 4th quarter valued at $26,000. Assetmark Inc. purchased a new stake in shares of ServiceTitan in the fourth quarter valued at about $67,000. Avantax Advisory Services Inc. bought a new position in shares of ServiceTitan during the fourth quarter valued at about $227,000. New York State Common Retirement Fund purchased a new position in ServiceTitan during the fourth quarter worth about $3,692,000. Finally, Burkehill Global Management LP purchased a new position in ServiceTitan during the fourth quarter worth about $5,144,000.
ServiceTitan Price Performance
Shares of NASDAQ TTAN traded up $0.26 during midday trading on Friday, hitting $95.40. 499,218 shares of the company traded hands, compared to its average volume of 339,043. The firm has a 50-day moving average of $96.37. ServiceTitan Inc. has a 12-month low of $79.81 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. Research analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current year.
Insider Activity at ServiceTitan
In other ServiceTitan news, CAO Michele O'connor sold 5,494 shares of the 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 $520,007.10. Following the transaction, the chief accounting officer now directly owns 89,302 shares in the company, valued at approximately $8,452,434.30. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Sherry sold 10,175 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $963,063.75. Following the sale, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at $30,799,961.85. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.
Analyst Upgrades and Downgrades
TTAN has been the topic of a number of research analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $125.00 target price on shares of ServiceTitan in a research note on Friday, March 14th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of ServiceTitan in a report on Friday, March 14th. KeyCorp began coverage on ServiceTitan in a report on Monday, January 6th. They issued an "overweight" rating and a $120.00 price objective for the company. The Goldman Sachs Group started coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued a "neutral" rating and a $100.00 price target on the stock. Finally, Stifel Nicolaus reduced their price objective on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.33.
Check Out Our Latest Research Report on TTAN
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.
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