Jane Street Group LLC Invests $529,000 in ServiceTitan Inc. (NASDAQ:TTAN)

Jane Street Group LLC purchased a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,147 shares of the company's stock, valued at approximately $529,000.

A number of other hedge funds have also bought and sold shares of the stock. Battery Management Corp. acquired a new position in ServiceTitan during the 4th quarter valued at approximately $496,599,000. Price T Rowe Associates Inc. MD acquired a new position in ServiceTitan during the 4th quarter valued at approximately $233,937,000. T. Rowe Price Investment Management Inc. acquired a new position in ServiceTitan during the 4th quarter valued at approximately $89,529,000. TimesSquare Capital Management LLC acquired a new position in ServiceTitan during the 4th quarter valued at approximately $87,896,000. Finally, Canada Pension Plan Investment Board acquired a new position in ServiceTitan during the 4th quarter valued at approximately $71,155,000.

ServiceTitan Stock Performance

NASDAQ TTAN traded up $1.26 during mid-day trading on Monday, reaching $111.93. 877,156 shares of the stock were exchanged, compared to its average volume of 413,472. The business has a 50 day simple moving average of $112.52. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler reiterated an "overweight" rating and issued a $125.00 price objective on shares of ServiceTitan in a research note on Friday, March 14th. Stifel Nicolaus increased their price objective on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday. Cowen reiterated a "buy" rating on shares of ServiceTitan in a research note on Wednesday, May 21st. TD Securities increased their price objective on shares of ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, TD Cowen assumed coverage on shares of ServiceTitan in a research note on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.86.

Insider Buying and Selling

In other ServiceTitan news, CFO David Sherry sold 10,175 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $963,063.75. Following the transaction, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at $30,799,961.85. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michele O'connor sold 5,494 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $520,007.10. Following the transaction, the chief accounting officer now directly 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. 51.72% of the stock is currently owned by insiders.

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.