Tpg Gp A LLC Purchases Shares of 5,107,469 ServiceTitan Inc. (NASDAQ:TTAN)

Tpg Gp A LLC purchased a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,107,469 shares of the company's stock, valued at approximately $525,405,000. ServiceTitan accounts for approximately 8.5% of Tpg Gp A LLC's holdings, making the stock its 4th largest holding. Tpg Gp A LLC owned about 6.67% of ServiceTitan at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in ServiceTitan in the 4th quarter worth $26,000. Assetmark Inc. bought a new position in ServiceTitan in the 4th quarter worth $67,000. FIL Ltd bought a new position in ServiceTitan in the 4th quarter worth $67,000. Tower Research Capital LLC TRC bought a new position in ServiceTitan in the 4th quarter worth $91,000. Finally, Insight Holdings Group LLC bought a new position in ServiceTitan in the 4th quarter worth $103,000.

ServiceTitan Trading Up 3.4%

Shares of TTAN stock opened at $129.26 on Monday. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The company's 50-day moving average price is $106.63.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TTAN shares. Piper Sandler restated an "overweight" rating and issued a $125.00 price objective on shares of ServiceTitan in a report on Friday, March 14th. KeyCorp upped their price objective on shares of ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Needham & Company LLC upped their price objective on shares of ServiceTitan from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Stifel Nicolaus decreased their price objective on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, March 14th. Finally, Morgan Stanley increased their price target 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 research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ServiceTitan has an average rating of "Moderate Buy" and a consensus target price of $118.23.

Insider Activity at ServiceTitan

In related news, CFO David Sherry sold 10,175 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $963,063.75. Following the sale, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. This represents a 3.03% decrease in their position. The sale 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 the stock in a transaction dated Thursday, March 20th. The shares were 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 $8,452,434.30. This trade represents 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 currently owned by insiders.

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.

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