Zimmer Partners LP Purchases Shares of 5,000 ServiceTitan Inc. (NASDAQ:TTAN)

Zimmer Partners LP bought a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,000 shares of the company's stock, valued at approximately $514,000.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. bought a new position in ServiceTitan during the 4th quarter valued at approximately $57,349,000. TimesSquare Capital Management LLC bought a new stake in ServiceTitan during the 4th quarter valued at about $87,896,000. Barclays PLC purchased a new position in ServiceTitan in the fourth quarter worth about $267,000. Battery Management Corp. purchased a new position in ServiceTitan in the fourth quarter worth about $496,599,000. Finally, Seven Grand Managers LLC bought a new position in shares of ServiceTitan in the fourth quarter worth approximately $4,115,000.

Analyst Ratings Changes

TTAN has been the subject of several analyst reports. Canaccord Genuity Group raised their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. TD Securities boosted their price target on ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday. Loop Capital lowered their price target on ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Needham & Company LLC lifted their price objective on ServiceTitan from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, KeyCorp raised their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $119.79.

Insiders Place Their Bets

In other ServiceTitan news, CAO Michele O'connor sold 5,494 shares of ServiceTitan 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Sherry sold 10,175 shares of the company'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 transaction, the chief financial officer now owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 51.72% of the company's stock.

ServiceTitan Trading Down 0.4%

Shares of TTAN traded down $0.44 on Friday, reaching $122.61. The company's stock had a trading volume of 394,825 shares, compared to its average volume of 398,342. The company's 50 day moving average price is $110.05. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $131.33.

ServiceTitan 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.