Bank of America Corp DE Invests $540,000 in ServiceTitan Inc. (NASDAQ:TTAN)

Bank of America Corp DE purchased a new position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,248 shares of the company's stock, valued at approximately $540,000.

Several other large investors also recently bought and sold shares of TTAN. Deer Management Co. LLC purchased a new position in ServiceTitan during the fourth quarter worth $925,943,000. Battery Management Corp. purchased a new position in ServiceTitan during the fourth quarter worth $496,599,000. Price T Rowe Associates Inc. MD purchased a new position in ServiceTitan during the fourth quarter worth $233,937,000. T. Rowe Price Investment Management Inc. purchased a new position in ServiceTitan during the fourth quarter worth $89,529,000. Finally, TimesSquare Capital Management LLC purchased a new position in ServiceTitan during the fourth quarter worth $87,896,000.

Insiders Place Their Bets

In other news, major shareholder Bessemer Venture Partners Viii sold 500,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $102.00, for a total transaction of $51,000,000.00. Following the sale, the insider now owns 8,503,571 shares in the company, valued at approximately $867,364,242. The trade was a 5.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Sherry sold 10,175 shares of the business's 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 owns 325,409 shares in the company, valued at $30,799,961.85. The trade was a 3.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 515,669 shares of company stock worth $52,483,071. 51.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TTAN has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, June 6th. Loop Capital reiterated a "hold" rating and set a $100.00 target price (up from $90.00) on shares of ServiceTitan in a research report on Friday, June 6th. Canaccord Genuity Group lifted their target price on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Stifel Nicolaus lifted their target price on ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Piper Sandler reiterated an "overweight" rating and set a $125.00 target price on shares of ServiceTitan in a research report on Friday, March 14th. Four equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $122.21.

ServiceTitan Price Performance

Shares of TTAN stock traded down $0.59 on Thursday, hitting $102.87. The stock had a trading volume of 1,593,499 shares, compared to its average volume of 596,304. The business has a 50 day moving average price of $114.93. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The firm had revenue of $215.69 million during the quarter, compared to the consensus estimate of $208.61 million. The company's revenue was up 26.6% compared to the same quarter last year. On average, analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

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.