9,713 Shares in ServiceTitan Inc. $TTAN Purchased by TD Private Client Wealth LLC

Key Points

• TD Private Client Wealth LLC purchased 9,713 shares of ServiceTitan, valued at approximately $1,041,000, marking a new position in the company.
• Recent insider activity includes major shareholder Bessemer Venture Partners selling 370,557 shares for over $43 million, decreasing their ownership by 4.65%.
• Analysts project positive growth for ServiceTitan, with target prices ranging from $123.00 to $155.00 and a consensus rating of "Moderate Buy."

TD Private Client Wealth LLC bought a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,713 shares of the company's stock, valued at approximately $1,041,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new stake in ServiceTitan during the first quarter worth about $31,000. LRI Investments LLC acquired a new stake in ServiceTitan during the first quarter worth about $58,000. Assetmark Inc. grew its position in ServiceTitan by 47.2% during the first quarter. Assetmark Inc. now owns 960 shares of the company's stock worth $91,000 after buying an additional 308 shares in the last quarter. Woodline Partners LP grew its position in ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company's stock worth $204,000 after buying an additional 95 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in ServiceTitan during the first quarter worth about $252,000.

ServiceTitan Stock Performance

NASDAQ:TTAN opened at $105.08 on Friday. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33. The firm has a 50 day moving average of $109.85 and a 200-day moving average of $109.07. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $9.77 billion and a P/E ratio of -19.46.

Insider Activity

In other news, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of ServiceTitan stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $117.79, for a total value of $43,647,909.03. Following the completion of the transaction, the insider owned 7,595,777 shares in the company, valued at approximately $894,706,572.83. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Iconiq Strategic Partners V, L sold 52,082 shares of ServiceTitan stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $109.99, for a total transaction of $5,728,499.18. Following the completion of the transaction, the insider owned 648,606 shares of the company's stock, valued at $71,340,173.94. This trade represents a 7.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,608,980 shares of company stock worth $183,709,323. 51.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup lifted their target price on ServiceTitan from $111.00 to $123.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. Stifel Nicolaus lifted their price objective on ServiceTitan from $135.00 to $145.00 and gave the company a "buy" rating in a report on Friday, September 19th. Robert W. Baird lifted their price objective on ServiceTitan from $124.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, September 5th. Raymond James Financial began coverage on ServiceTitan in a report on Friday, August 29th. They set a "market perform" rating on the stock. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $155.00 target price on shares of ServiceTitan in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $132.67.

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.

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