75,756 Shares in ServiceTitan Inc. (NASDAQ:TTAN) Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC acquired a new position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 75,756 shares of the company's stock, valued at approximately $7,793,000. Nuveen Asset Management LLC owned approximately 0.10% of ServiceTitan as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TTAN. SBI Securities Co. Ltd. acquired a new position in shares of ServiceTitan in the 4th quarter valued at approximately $26,000. Assetmark Inc. acquired a new position in ServiceTitan during the fourth quarter valued at approximately $67,000. FIL Ltd bought a new stake in ServiceTitan during the fourth quarter worth $67,000. Tower Research Capital LLC TRC acquired a new stake in shares of ServiceTitan in the 4th quarter valued at $91,000. Finally, Insight Holdings Group LLC acquired a new stake in shares of ServiceTitan in the 4th quarter valued at $103,000.

Insiders Place Their Bets

In other news, CAO Michele O'connor sold 5,494 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 89,302 shares of the company's stock, valued at $8,452,434.30. This trade represents a 5.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David Sherry sold 10,175 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 325,409 shares in the company, valued at approximately $30,799,961.85. This represents a 3.03% 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 corporate insiders.

ServiceTitan Trading Up 1.1%

Shares of TTAN stock traded up $1.22 during mid-day trading on Tuesday, hitting $113.15. The company's stock had a trading volume of 917,053 shares, compared to its average volume of 418,314. The stock's fifty day simple moving average is $112.88. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $131.33.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Loop Capital dropped their price objective on ServiceTitan from $105.00 to $90.00 and set a "hold" rating for the company in a research report on Friday, March 14th. Needham & Company LLC lifted their price target on shares of ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Cowen reissued a "buy" rating on shares of ServiceTitan in a research note on Wednesday, May 21st. Canaccord Genuity Group boosted their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, TD Cowen began coverage on shares of ServiceTitan in a report on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $120.86.

ServiceTitan Company 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.