Impact Capital Partners LLC purchased a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,797 shares of the company's stock, valued at approximately $300,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Truist Financial Corp acquired a new position in shares of ServiceTitan during the 2nd quarter worth $2,488,000. Janney Montgomery Scott LLC acquired a new position in shares of ServiceTitan during the 2nd quarter worth $3,438,000. EdgeRock Capital LLC acquired a new position in shares of ServiceTitan during the 2nd quarter worth $383,000. Perigon Wealth Management LLC acquired a new position in shares of ServiceTitan during the 2nd quarter worth $2,844,000. Finally, TD Private Client Wealth LLC acquired a new position in shares of ServiceTitan during the 2nd quarter worth $1,041,000.
ServiceTitan Stock Up 0.8%
TTAN opened at $101.67 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49. The stock has a market capitalization of $9.45 billion and a price-to-earnings ratio of -18.83. The business has a 50-day moving average of $109.00 and a two-hundred day moving average of $109.38. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $131.33.
Insider Buying and Selling
In other ServiceTitan news, CAO Michele O'connor sold 5,188 shares of ServiceTitan stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $116.05, for a total value of $602,067.40. Following the completion of the sale, the chief accounting officer owned 93,748 shares in the company, valued at $10,879,455.40. The trade was a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bessemer Venture Partners Viii sold 28,245 shares of ServiceTitan stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $118.21, for a total value of $3,338,841.45. Following the completion of the sale, the insider owned 7,131,050 shares of the company's stock, valued at $842,961,420.50. This trade represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,433,284 shares of company stock worth $164,469,468 over the last ninety days. Insiders own 51.72% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on TTAN shares. Robert W. Baird lifted their price objective on ServiceTitan from $124.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Canaccord Genuity Group lifted their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Wells Fargo & Company lifted their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Truist Financial lifted their price objective on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Finally, Citigroup lifted their price objective on ServiceTitan from $111.00 to $123.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. One research 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 data from MarketBeat, ServiceTitan has an average rating of "Moderate Buy" and a consensus target price of $132.67.
Read Our Latest Research Report on ServiceTitan
ServiceTitan Profile
(
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.
See Also
Want to see what other hedge funds are holding TTAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceTitan Inc. (NASDAQ:TTAN - Free Report).
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