Renaissance Capital LLC purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,196 shares of the company's stock, valued at approximately $1,921,000. ServiceTitan makes up about 1.5% of Renaissance Capital LLC's portfolio, making the stock its 21st largest holding.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of ServiceTitan in the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC purchased a new position in shares of ServiceTitan during the 1st quarter valued at about $31,000. Assetmark Inc. purchased a new position in shares of ServiceTitan during the 4th quarter valued at about $67,000. FIL Ltd purchased a new position in shares of ServiceTitan during the 4th quarter valued at about $67,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of ServiceTitan during the 4th quarter valued at about $91,000.
Analysts Set New Price Targets
TTAN has been the topic of a number of research reports. Robert W. Baird raised their price objective on ServiceTitan from $106.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Morgan Stanley lifted their price target on ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday. Needham & Company LLC reiterated a "buy" rating and issued a $140.00 price objective on shares of ServiceTitan in a research report on Friday. TD Securities boosted their price objective on ServiceTitan from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Canaccord Genuity Group boosted their price objective on ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Four research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $122.21.
View Our Latest Report on TTAN
Insider Buying and Selling
In related news, CFO David Sherry sold 10,175 shares of the company's stock in a transaction on 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 directly owns 325,409 shares of the company's stock, valued at $30,799,961.85. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michele O'connor sold 5,494 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $520,007.10. Following the completion of the sale, 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. 51.72% of the stock is owned by insiders.
ServiceTitan Trading Down 1.8%
Shares of NASDAQ:TTAN traded down $1.86 on Tuesday, hitting $102.33. The company had a trading volume of 9,498,763 shares, compared to its average volume of 560,849. The stock's 50-day moving average is $114.26. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $131.33.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. The company had revenue of $215.69 million during the quarter, compared to analysts' expectations of $208.61 million. The firm's revenue for the quarter was up 26.6% on a year-over-year basis. Equities analysts forecast that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.
ServiceTitan Company 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
Before you consider ServiceTitan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ServiceTitan wasn't on the list.
While ServiceTitan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
