15,000 Shares in ServiceTitan Inc. (NASDAQ:TTAN) Bought by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. bought a new position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,000 shares of the company's stock, valued at approximately $1,543,000.

Several other hedge funds also recently added to or reduced their stakes in TTAN. Principal Financial Group Inc. purchased a new position in ServiceTitan during the 4th quarter valued at about $25,365,000. New York State Common Retirement Fund acquired a new position in shares of ServiceTitan in the 4th quarter valued at $3,692,000. TimesSquare Capital Management LLC purchased a new position in shares of ServiceTitan in the fourth quarter worth about $87,896,000. SBI Securities Co. Ltd. acquired a new stake in shares of ServiceTitan in the fourth quarter worth $26,000. Finally, Victory Capital Management Inc. purchased a new position in shares of ServiceTitan during the 4th quarter valued at about $10,450,000.

ServiceTitan Trading Up 1.7 %

NASDAQ TTAN traded up $2.02 on Friday, hitting $117.89. The stock had a trading volume of 358,596 shares, compared to its average volume of 386,126. The firm's 50-day simple moving average is $100.43. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $128.16.

Analysts Set New Price Targets

Several analysts have recently issued reports on TTAN shares. Stifel Nicolaus dropped their target price on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Canaccord Genuity Group lifted their price objective on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. KeyCorp raised their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Wells Fargo & Company began coverage on ServiceTitan in a research report on Monday, January 6th. They issued an "overweight" rating and a $125.00 price objective for the company. Finally, TD Cowen assumed coverage on ServiceTitan in a research report on Tuesday, April 8th. They issued a "buy" rating and a $120.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ServiceTitan presently has a consensus rating of "Moderate Buy" and an average target price of $118.23.

Insiders Place Their Bets

In other ServiceTitan news, CAO Michele O'connor sold 5,494 shares of the company's stock in a transaction on Thursday, March 20th. The stock was 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 approximately $8,452,434.30. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Sherry sold 10,175 shares of the firm's stock in a transaction 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 directly owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their ownership of the stock. 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.