Bamco Inc. NY Takes Position in ServiceTitan Inc. (NASDAQ:TTAN)

Bamco Inc. NY acquired a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 684,222 shares of the company's stock, valued at approximately $70,386,000. Bamco Inc. NY owned about 0.89% of ServiceTitan at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in ServiceTitan in the 4th quarter worth about $26,000. Assetmark Inc. bought a new position in ServiceTitan in the 4th quarter valued at approximately $67,000. FIL Ltd acquired a new stake in ServiceTitan during the 4th quarter worth approximately $67,000. Tower Research Capital LLC TRC bought a new stake in ServiceTitan during the 4th quarter worth approximately $91,000. Finally, Insight Holdings Group LLC acquired a new position in ServiceTitan in the 4th quarter valued at approximately $103,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TTAN shares. Needham & Company LLC increased their price objective on ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. KeyCorp increased their price target on ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. 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 note on Thursday, April 17th. Loop Capital reduced their target price on ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Finally, Stifel Nicolaus lowered their price target 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. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ServiceTitan has a consensus rating of "Moderate Buy" and a consensus price target of $118.23.

ServiceTitan Price Performance

ServiceTitan stock traded up $6.49 during midday trading on Friday, reaching $122.50. The stock had a trading volume of 648,907 shares, compared to its average volume of 389,124. The business has a fifty day moving average price of $102.22. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $128.16.

Insider Transactions at ServiceTitan

In other news, CAO Michele O'connor sold 5,494 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 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 $8,452,434.30. The trade was a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David Sherry sold 10,175 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was 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 owns 325,409 shares in the company, valued at $30,799,961.85. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

ServiceTitan Company 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.