Janus Henderson Group PLC 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 disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,373 shares of the company's stock, valued at approximately $2,816,000.
A number of other institutional investors have also recently made changes to their positions in the company. Deer Management Co. LLC bought a new stake in ServiceTitan in the 4th quarter valued at about $925,943,000. Battery Management Corp. bought a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $496,599,000. Price T Rowe Associates Inc. MD bought a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $233,937,000. Dragoneer Investment Group LLC purchased a new stake in shares of ServiceTitan during the 4th quarter valued at approximately $210,777,000. Finally, T. Rowe Price Investment Management Inc. bought a new position in ServiceTitan in the 4th quarter worth approximately $89,529,000.
ServiceTitan Trading Down 2.1%
TTAN opened at $126.71 on Wednesday. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $131.33. The company has a fifty day moving average price of $108.40.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on TTAN. TD Cowen started coverage on shares of ServiceTitan in a report on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price on the stock. Loop Capital dropped their price objective on ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Needham & Company LLC raised their target price on ServiceTitan from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Stifel Nicolaus decreased their price target on ServiceTitan from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Finally, KeyCorp increased their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ServiceTitan presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.23.
Get Our Latest Research Report on ServiceTitan
Insider Buying and Selling at ServiceTitan
In other news, CFO David Sherry sold 10,175 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $963,063.75. Following the completion of the sale, the chief financial officer now owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. This represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Michele O'connor sold 5,494 shares of ServiceTitan stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $520,007.10. Following the completion of 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. Company insiders own 51.72% of the company's stock.
About ServiceTitan
(
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.
Read More
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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