Woodline Partners LP Purchases New Position in ServiceTitan Inc. (NASDAQ:TTAN)

Woodline Partners LP purchased a new position in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,046 shares of the company's stock, valued at approximately $210,000.

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

Analysts Set New Price Targets

TTAN has been the topic of several recent research reports. Stifel Nicolaus increased their target price on ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday. TD Securities increased their target price on ServiceTitan from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Loop Capital dropped their target price on ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. TD Cowen initiated coverage on ServiceTitan in a research report on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price on the stock. Finally, KeyCorp increased their target price on ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Four investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.86.

Insider Buying and Selling

In other ServiceTitan news, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction dated 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 transaction, the chief financial officer now owns 325,409 shares in the company, valued at approximately $30,799,961.85. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michele O'connor sold 5,494 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $520,007.10. Following the transaction, the chief accounting officer now owns 89,302 shares of the company's stock, valued at $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 currently owned by company insiders.

ServiceTitan Price Performance

TTAN stock traded down $1.45 during midday trading on Friday, reaching $111.65. The stock had a trading volume of 480,846 shares, compared to its average volume of 407,004. The firm has a fifty day simple moving average of $112.26. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $131.33.

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.