XTX Topco Ltd Purchases Shares of 3,411 ServiceTitan Inc. (NASDAQ:TTAN)

XTX Topco Ltd purchased a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 3,411 shares of the company's stock, valued at approximately $324,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. increased its stake in shares of ServiceTitan by 47.2% during the 1st quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after purchasing an additional 308 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in ServiceTitan during the first quarter worth approximately $31,000. LRI Investments LLC purchased a new stake in shares of ServiceTitan during the 1st quarter valued at $58,000. FIL Ltd purchased a new stake in shares of ServiceTitan during the 4th quarter valued at $67,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of ServiceTitan during the 4th quarter valued at $91,000.

Insider Buying and Selling at ServiceTitan

In related news, major shareholder Bessemer Venture Partners Viii sold 8,706 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $110.24, for a total transaction of $959,749.44. Following the completion of the sale, the insider owned 7,966,334 shares of the company's stock, valued at $878,208,660.16. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Sherry sold 1,499 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $116.89, for a total transaction of $175,218.11. Following the sale, the chief financial officer directly owned 365,670 shares of the company's stock, valued at approximately $42,743,166.30. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,461,518 shares of company stock worth $155,943,554. 51.72% of the stock is owned by company insiders.

ServiceTitan Trading Down 0.8%

Shares of ServiceTitan stock traded down $0.87 during trading on Thursday, reaching $101.62. The company had a trading volume of 464,852 shares, compared to its average volume of 722,128. The firm's fifty day moving average is $109.16 and its 200-day moving average is $106.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.82 and a current ratio of 4.82. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The business had revenue of $215.69 million for the quarter, compared to the consensus estimate of $208.61 million. The firm's revenue was up 26.6% on a year-over-year basis. Sell-side analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TTAN shares. Canaccord Genuity Group boosted 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. Stifel Nicolaus boosted their price objective on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Loop Capital reiterated a "hold" rating and issued a $100.00 price objective (up previously from $90.00) on shares of ServiceTitan in a report on Friday, June 6th. Cowen reiterated a "buy" rating on shares of ServiceTitan in a report on Wednesday, May 21st. Finally, KeyCorp set a $140.00 price objective on shares of ServiceTitan and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ServiceTitan has an average rating of "Moderate Buy" and an average price target of $124.00.

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.