Comprehensive Financial Management LLC Buys New Holdings in ServiceTitan Inc. (NASDAQ:TTAN)

Comprehensive Financial Management LLC purchased a new position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,235 shares of the company's stock, valued at approximately $1,567,000. ServiceTitan accounts for approximately 0.0% of Comprehensive Financial Management LLC's investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in TTAN. Deer Management Co. LLC bought a new position in shares of ServiceTitan during the fourth quarter worth $925,943,000. Battery Management Corp. purchased a new stake in ServiceTitan in the 4th quarter worth $496,599,000. Price T Rowe Associates Inc. MD bought a new position in shares of ServiceTitan during the 4th 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 worth about $89,529,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of ServiceTitan in the fourth quarter worth about $87,896,000.

Analyst Ratings Changes

TTAN has been the topic of a number of research reports. KeyCorp lifted their price objective on ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Loop Capital dropped their price objective on shares of ServiceTitan from $105.00 to $90.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Canaccord Genuity Group increased their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Needham & Company LLC boosted their price objective on ServiceTitan from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $125.00 target price on shares of ServiceTitan in a report on Friday, March 14th. Four 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's stock. Based on data from MarketBeat.com, ServiceTitan currently has an average rating of "Moderate Buy" and an average price target of $118.23.

ServiceTitan Stock Down 4.0 %

NASDAQ:TTAN opened at $113.00 on Wednesday. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $128.16. The business has a 50-day simple moving average of $101.33.

Insider Activity

In other ServiceTitan news, CAO Michele O'connor sold 5,494 shares of the 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 approximately $8,452,434.30. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 325,409 shares in the company, valued at approximately $30,799,961.85. The trade was a 3.03 % decrease in their position. The disclosure for this sale can be found here.

About ServiceTitan

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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