Gilder Gagnon Howe & Co. LLC bought a new stake 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 bought 119,881 shares of the company's stock, valued at approximately $12,332,000. Gilder Gagnon Howe & Co. LLC owned about 0.16% of ServiceTitan at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of ServiceTitan during the 4th quarter worth $26,000. Assetmark Inc. bought a new position in ServiceTitan in the 4th quarter valued at approximately $67,000. FIL Ltd bought a new stake in ServiceTitan in the 4th quarter worth approximately $67,000. Tower Research Capital LLC TRC purchased a new stake in ServiceTitan during the fourth quarter valued at approximately $91,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of ServiceTitan in the fourth quarter worth approximately $227,000.
Analysts Set New Price Targets
TTAN has been the subject of several analyst reports. Wells Fargo & Company initiated coverage on ServiceTitan in a research report on Monday, January 6th. They set an "overweight" rating and a $125.00 target price for the company. Piper Sandler reiterated an "overweight" rating and issued a $125.00 price objective on shares of ServiceTitan in a report on Friday, March 14th. Canaccord Genuity Group boosted their target price on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Needham & Company LLC boosted their target price on ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Citigroup increased their target price on ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.23.
Check Out Our Latest Stock Analysis on TTAN
ServiceTitan Stock Performance
Shares of NASDAQ:TTAN traded up $3.67 during mid-day trading on Friday, reaching $119.54. 197,534 shares of the company's stock were exchanged, compared to its average volume of 384,045. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $128.16. The firm's fifty day simple moving average is $99.96.
Insider Buying and Selling at ServiceTitan
In other ServiceTitan news, 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michele O'connor sold 5,494 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 value of $520,007.10. Following the completion of the sale, 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 disclosure for this sale can be found here.
ServiceTitan Company Profile
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Free Report)
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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