267,483 Shares in ServiceTitan Inc. (NASDAQ:TTAN) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. purchased a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 267,483 shares of the company's stock, valued at approximately $27,516,000. Balyasny Asset Management L.P. owned 0.35% of ServiceTitan at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Deer Management Co. LLC bought a new position in shares of ServiceTitan during the 4th quarter worth about $925,943,000. Battery Management Corp. bought a new stake in shares of ServiceTitan in the fourth quarter valued at about $496,599,000. Price T Rowe Associates Inc. MD bought a new stake in shares of ServiceTitan in the fourth quarter valued at about $233,937,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of ServiceTitan in the fourth quarter valued at about $89,529,000. Finally, TimesSquare Capital Management LLC bought a new stake in shares of ServiceTitan in the fourth quarter valued at about $87,896,000.

ServiceTitan Trading Down 3.0%

Shares of NASDAQ:TTAN traded down $3.77 during trading on Monday, reaching $120.45. The stock had a trading volume of 371,167 shares, compared to its average volume of 393,561. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $128.58. The firm has a 50-day simple moving average of $102.92.

Wall Street Analyst Weigh In

TTAN has been the subject of several research 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. Morgan Stanley raised their price target on shares of ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. Citigroup raised their price target on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. KeyCorp raised their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Canaccord Genuity Group raised their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Four investment 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $118.23.

Insider Activity

In other news, CFO David Sherry sold 10,175 shares of ServiceTitan 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 $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. The trade was a 3.03% decrease in their ownership of the stock. 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 firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 89,302 shares of the company's stock, valued at approximately $8,452,434.30. This represents a 5.80% decrease in their position. The disclosure for this sale can be found here.

ServiceTitan 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.