Monashee Investment Management LLC Takes $772,000 Position in ServiceTitan Inc. (NASDAQ:TTAN)

Monashee Investment Management LLC purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,500 shares of the company's stock, valued at approximately $772,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of ServiceTitan during the 4th quarter worth approximately $26,000. Assetmark Inc. bought a new stake in shares of ServiceTitan in the 4th quarter valued at about $67,000. FIL Ltd acquired a new stake in ServiceTitan in the 4th quarter valued at about $67,000. Tower Research Capital LLC TRC bought a new position in ServiceTitan during the fourth quarter worth about $91,000. Finally, Insight Holdings Group LLC acquired a new position in ServiceTitan during the fourth quarter worth approximately $103,000.

ServiceTitan Stock Performance

Shares of ServiceTitan stock traded up $0.17 on Monday, reaching $118.06. The company had a trading volume of 85,702 shares, compared to its average volume of 382,479. The firm's 50-day simple moving average is $100.43. ServiceTitan Inc. has a 1 year low of $79.81 and a 1 year high of $128.16.

Insiders Place Their Bets

In other ServiceTitan news, CAO Michele O'connor sold 5,494 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 $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. This trade represents 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 at this hyperlink. Also, CFO David Sherry sold 10,175 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 $963,063.75. Following the transaction, the chief financial officer now owns 325,409 shares of the company's stock, valued at $30,799,961.85. This trade represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TTAN shares. Truist Financial started coverage on ServiceTitan in a research note on Monday, January 6th. They issued a "buy" rating and a $120.00 price target for the company. Piper Sandler restated an "overweight" rating and issued a $125.00 price target on shares of ServiceTitan in a research note on Friday, March 14th. William Blair assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an "outperform" rating for the company. Loop Capital decreased their target price on shares of ServiceTitan from $105.00 to $90.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Finally, Needham & Company LLC lifted their price target on shares of ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.23.

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.