Capital International Investors Invests $42.98 Million in ServiceTitan Inc. (NASDAQ:TTAN)

Capital International Investors acquired a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 417,827 shares of the company's stock, valued at approximately $42,982,000. Capital International Investors owned about 0.55% of ServiceTitan at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in ServiceTitan during the fourth quarter valued at approximately $71,155,000. Marshall Wace LLP bought a new position in shares of ServiceTitan during the 4th quarter valued at $23,884,000. Emergence GP Partners LLC purchased a new position in ServiceTitan in the 4th quarter worth $11,984,000. Walleye Capital LLC purchased a new position in ServiceTitan in the 4th quarter worth $354,000. Finally, Barclays PLC bought a new stake in ServiceTitan in the fourth quarter worth $267,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TTAN shares. TD Cowen initiated coverage on ServiceTitan in a research note on Tuesday, April 8th. They issued a "buy" rating and a $120.00 target price for the company. Baird R W raised ServiceTitan to a "strong-buy" rating in a research note on Friday, December 27th. Morgan Stanley raised their target price on shares of ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Wells Fargo & Company began coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an "overweight" rating and a $125.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a "neutral" rating and a $100.00 price target on the stock. Four 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.08.

ServiceTitan Trading Down 0.5 %

TTAN traded down $0.62 during trading on Friday, reaching $125.37. The stock had a trading volume of 213,412 shares, compared to its average volume of 385,480. The firm's 50 day simple moving average is $98.34. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $128.16.

Insider Transactions at ServiceTitan

In other ServiceTitan news, CFO David Sherry sold 10,175 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $963,063.75. Following the sale, 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 sale 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 firm's stock in a transaction on Thursday, March 20th. The shares were 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 $8,452,434.30. The trade was a 5.80 % decrease in their ownership of the stock. 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.