Altimeter Capital Management LP purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,000 shares of the company's stock, valued at approximately $4,115,000. ServiceTitan accounts for about 0.1% of Altimeter Capital Management LP's holdings, making the stock its 23rd largest position. Altimeter Capital Management LP owned 0.05% of ServiceTitan as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Deer Management Co. LLC bought a new position in shares of ServiceTitan during the 4th quarter worth approximately $925,943,000. Battery Management Corp. bought a new position in ServiceTitan during the fourth quarter worth $496,599,000. Price T Rowe Associates Inc. MD acquired a new stake in ServiceTitan in the fourth quarter worth $233,937,000. T. Rowe Price Investment Management Inc. bought a new stake in ServiceTitan in the fourth quarter valued at $89,529,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of ServiceTitan during the fourth quarter valued at about $87,896,000.
Insiders Place Their Bets
In other ServiceTitan news, CFO David Sherry sold 10,175 shares of the 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 completion of the transaction, the chief financial officer now owns 325,409 shares in the company, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michele O'connor sold 5,494 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $520,007.10. Following the sale, the chief accounting officer now owns 89,302 shares in the company, valued at approximately $8,452,434.30. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here.
ServiceTitan Stock Up 1.0 %
TTAN stock traded up $1.19 on Thursday, reaching $117.13. The company's stock had a trading volume of 317,966 shares, compared to its average volume of 385,553. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $128.16. The company has a fifty day moving average price of $101.76.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on TTAN shares. Needham & Company LLC upped their target price on ServiceTitan from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Piper Sandler restated an "overweight" rating and set a $125.00 price objective on shares of ServiceTitan in a report on Friday, March 14th. 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 report on Friday, March 14th. Loop Capital lowered their target price on shares of ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Finally, TD Cowen started coverage on ServiceTitan in a research note on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $118.23.
Read Our Latest Report on ServiceTitan
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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