Freestone Grove Partners LP Makes New $1.54 Million Investment in ServiceTitan Inc. (NASDAQ:TTAN)

Freestone Grove Partners LP bought a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,000 shares of the company's stock, valued at approximately $1,543,000.

A number of other institutional investors have also recently bought and sold shares of TTAN. Vanguard Group Inc. acquired a new stake in shares of ServiceTitan during the fourth quarter worth $57,349,000. TimesSquare Capital Management LLC bought a new stake in shares of ServiceTitan in the fourth quarter valued at about $87,896,000. Battery Management Corp. bought a new stake in shares of ServiceTitan during the 4th quarter valued at $496,599,000. Avantax Advisory Services Inc. acquired a new position in ServiceTitan in the fourth quarter valued at about $227,000. Finally, Artisan Partners Limited Partnership bought a new stake in ServiceTitan during the fourth quarter worth about $26,439,000.

ServiceTitan Trading Up 1.3 %

Shares of TTAN traded up $1.51 during trading hours on Thursday, reaching $117.45. 203,248 shares of the company traded hands, compared to its average volume of 384,092. ServiceTitan Inc. has a 12-month low of $79.81 and a 12-month high of $128.16. The stock has a fifty day moving average of $101.76.

Insider Activity at ServiceTitan

In other news, CAO Michele O'connor sold 5,494 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $520,007.10. Following the sale, the chief accounting officer now directly owns 89,302 shares of the company's stock, valued at approximately $8,452,434.30. The trade was a 5.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Sherry sold 10,175 shares of the firm's 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 $963,063.75. Following the completion of the transaction, the chief financial officer now directly 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 position. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TTAN shares. Citigroup raised their price objective on ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Piper Sandler reiterated an "overweight" rating and issued a $125.00 target price on shares of ServiceTitan in a report on Friday, March 14th. Needham & Company LLC raised 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 dropped their target price on ServiceTitan from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, TD Cowen started coverage on shares of ServiceTitan in a report on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price for the company. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ServiceTitan currently has an average rating of "Moderate Buy" and a consensus price target of $118.23.

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.