Ararat Capital Management LP bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the company's stock, valued at approximately $2,572,000. ServiceTitan makes up approximately 1.0% of Ararat Capital Management LP's portfolio, making the stock its 16th largest position.
A number of other institutional investors and hedge funds also recently modified their holdings of TTAN. SBI Securities Co. Ltd. bought a new stake in shares of ServiceTitan during the 4th quarter worth $26,000. Assetmark Inc. bought a new stake in ServiceTitan in the fourth quarter worth about $67,000. FIL Ltd purchased a new position in ServiceTitan in the fourth quarter valued at about $67,000. Tower Research Capital LLC TRC bought a new position in shares of ServiceTitan during the 4th quarter valued at approximately $91,000. Finally, Insight Holdings Group LLC bought a new stake in shares of ServiceTitan in the 4th quarter worth approximately $103,000.
Insider Transactions at ServiceTitan
In other news, CFO David Sherry sold 10,175 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 transaction of $963,063.75. Following the completion of the sale, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. The trade was a 3.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $520,007.10. Following the completion of the transaction, the chief accounting officer now owns 89,302 shares of the company's stock, valued at $8,452,434.30. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
ServiceTitan Stock Up 1.0 %
ServiceTitan stock traded up $1.19 during midday trading on Thursday, hitting $117.13. 290,825 shares of the company's stock were exchanged, compared to its average volume of 385,283. The stock's 50-day moving average price is $101.76. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $128.16.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on TTAN. Piper Sandler reissued an "overweight" rating and issued a $125.00 target price on shares of ServiceTitan in a research report on Friday, March 14th. TD Cowen initiated coverage on ServiceTitan in a research note on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price objective on the stock. Stifel Nicolaus cut their target price on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group boosted their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, Citigroup raised their price objective on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $118.23.
Check Out Our Latest Research Report on ServiceTitan
ServiceTitan Profile
(
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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