42,013 Shares in ServiceTitan Inc. (NASDAQ:TTAN) Bought by Sone Capital Management LLC

Sone Capital Management LLC acquired a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 42,013 shares of the company's stock, valued at approximately $4,322,000. Sone Capital Management LLC owned approximately 0.05% of ServiceTitan as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of ServiceTitan in the fourth quarter valued at about $26,000. Assetmark Inc. purchased a new stake in ServiceTitan during the 4th quarter valued at about $67,000. FIL Ltd acquired a new stake in ServiceTitan in the 4th quarter valued at about $67,000. Tower Research Capital LLC TRC purchased a new position in ServiceTitan in the 4th quarter worth approximately $91,000. Finally, Insight Holdings Group LLC acquired a new position in shares of ServiceTitan during the 4th quarter worth approximately $103,000.

Analyst Upgrades and Downgrades

TTAN has been the subject of several recent research reports. Stifel Nicolaus cut their price target on ServiceTitan from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, March 14th. TD Cowen assumed coverage on ServiceTitan in a research note on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price on the stock. Canaccord Genuity Group lifted their target price on ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. TD Securities raised their price objective on shares of ServiceTitan from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Morgan Stanley upped their target price on shares of ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.79.

ServiceTitan Trading Down 0.4%

Shares of ServiceTitan stock traded down $0.44 during trading on Friday, hitting $122.61. 394,808 shares of the stock were exchanged, compared to its average volume of 397,579. The business's 50-day simple moving average is $109.51. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33.

Insiders Place Their Bets

In related news, CFO David Sherry sold 10,175 shares of the business's 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 in the company, valued at $30,799,961.85. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michele O'connor sold 5,494 shares of the firm's 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 $520,007.10. Following 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 position. The disclosure for this sale can be found here. 51.72% of the stock is owned by company insiders.

About ServiceTitan

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.