Marshall Wace LLP Makes New Investment in ServiceTitan Inc. (NASDAQ:TTAN)

Marshall Wace LLP bought a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 232,180 shares of the company's stock, valued at approximately $23,884,000. Marshall Wace LLP owned about 0.30% of ServiceTitan at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Battery Management Corp. acquired a new position in shares of ServiceTitan in the 4th quarter valued at $496,599,000. TimesSquare Capital Management LLC purchased a new position in shares of ServiceTitan in the 4th quarter valued at about $87,896,000. Vanguard Group Inc. acquired a new position in ServiceTitan during the 4th quarter worth approximately $57,349,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of ServiceTitan in the 4th quarter valued at $49,396,000. Finally, Franklin Resources Inc. acquired a new position in shares of ServiceTitan during the fourth quarter worth $47,148,000.

ServiceTitan Price Performance

Shares of NASDAQ TTAN traded down $0.07 on Friday, reaching $125.92. 127,993 shares of the company traded hands, compared to its average volume of 384,342. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $128.16. The firm's 50 day moving average is $97.85.

Analyst Ratings Changes

TTAN has been the subject of several analyst reports. Truist Financial started coverage on ServiceTitan in a research report on Monday, January 6th. They set a "buy" rating and a $120.00 price objective for the company. Stifel Nicolaus reduced their target price on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, March 14th. Loop Capital lowered their target price on shares of ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Baird R W raised shares of ServiceTitan to a "strong-buy" rating in a research note on Friday, December 27th. Finally, 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 report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $117.08.

Insider Buying and Selling at ServiceTitan

In other news, CAO Michele O'connor sold 5,494 shares of the 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 in the company, valued at approximately $8,452,434.30. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Sherry sold 10,175 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were 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. The trade was a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

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.