First Trust Advisors LP Acquires Shares of 24,889 ServiceTitan Inc. (NASDAQ:TTAN)

First Trust Advisors LP purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,889 shares of the company's stock, valued at approximately $2,560,000.

A number of other large investors have also recently bought and sold shares of TTAN. Principal Financial Group Inc. bought a new stake in ServiceTitan during the 4th quarter worth approximately $25,365,000. New York State Common Retirement Fund bought a new stake in shares of ServiceTitan during the fourth quarter worth $3,692,000. TimesSquare Capital Management LLC acquired a new stake in shares of ServiceTitan in the fourth quarter valued at $87,896,000. SBI Securities Co. Ltd. bought a new position in shares of ServiceTitan in the fourth quarter valued at about $26,000. Finally, Victory Capital Management Inc. acquired a new position in ServiceTitan during the 4th quarter worth about $10,450,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TTAN shares. Canaccord Genuity Group boosted their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Morgan Stanley increased their price objective on ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Needham & Company LLC lifted their target price on ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. TD Cowen initiated coverage on ServiceTitan in a research note on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target on the stock. Finally, KeyCorp lifted their price objective on ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.23.

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, CAO Michele O'connor sold 5,494 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 $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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $963,063.75. Following the sale, the chief financial officer now owns 325,409 shares in the company, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

ServiceTitan Stock Up 7.1 %

Shares of NASDAQ TTAN traded up $8.21 during midday trading on Friday, reaching $124.22. The company's stock had a trading volume of 1,010,837 shares, compared to its average volume of 394,312. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $128.16. The stock has a 50 day simple moving average of $102.92.

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.