Dragoneer Investment Group LLC acquired a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,048,965 shares of the company's stock, valued at approximately $210,777,000. ServiceTitan comprises 3.7% of Dragoneer Investment Group LLC's investment portfolio, making the stock its 11th largest holding. Dragoneer Investment Group LLC owned approximately 2.68% of ServiceTitan at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in ServiceTitan during the 4th quarter worth about $26,000. Assetmark Inc. acquired a new stake in ServiceTitan during the 4th quarter worth about $67,000. FIL Ltd acquired a new stake in ServiceTitan during the 4th quarter worth about $67,000. Tower Research Capital LLC TRC acquired a new stake in ServiceTitan during the 4th quarter worth about $91,000. Finally, Insight Holdings Group LLC acquired a new stake in ServiceTitan during the 4th quarter worth about $103,000.
ServiceTitan Trading Down 1.6%
TTAN stock traded down $2.04 during trading on Monday, hitting $122.18. The stock had a trading volume of 469,090 shares, compared to its average volume of 395,054. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $128.58. The business's 50-day moving average price is $102.92.
Insider Buying and Selling
In related news, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Michele O'connor sold 5,494 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $520,007.10. Following the completion of the sale, the chief accounting officer now owns 89,302 shares in the company, valued at approximately $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.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Morgan Stanley increased their price target on ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. KeyCorp increased their price target on ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Citigroup increased their price target on ServiceTitan from $109.00 to $113.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Loop Capital cut their price target on ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Finally, Piper Sandler restated an "overweight" rating and set a $125.00 target price on shares of ServiceTitan in a research report on Friday, March 14th. Four research 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 company's stock. Based on data from MarketBeat.com, ServiceTitan currently has a consensus rating of "Moderate Buy" and an average price target of $118.23.
View Our Latest Stock Report on ServiceTitan
About ServiceTitan
(
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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