18,388 Shares in ServiceTitan Inc. (NASDAQ:TTAN) Purchased by MSD Partners L.P.

MSD Partners L.P. purchased 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 purchased 18,388 shares of the company's stock, valued at approximately $1,892,000. ServiceTitan comprises 1.3% of MSD Partners L.P.'s investment portfolio, making the stock its 8th biggest position.

Other large investors have also modified their holdings of the company. Deer Management Co. LLC purchased a new position in shares of ServiceTitan in the 4th quarter valued at $925,943,000. Battery Management Corp. acquired a new position in shares of ServiceTitan in the 4th quarter valued at about $496,599,000. Price T Rowe Associates Inc. MD acquired a new position in shares of ServiceTitan in the 4th quarter valued at about $233,937,000. Dragoneer Investment Group LLC bought a new stake in ServiceTitan in the 4th quarter valued at about $210,777,000. Finally, T. Rowe Price Investment Management Inc. bought a new stake in ServiceTitan in the 4th quarter valued at about $89,529,000.

ServiceTitan Stock Performance

Shares of NASDAQ TTAN traded down $0.60 during midday trading on Monday, hitting $128.66. The stock had a trading volume of 154,872 shares, compared to its average volume of 391,317. The stock has a 50-day simple moving average of $106.63. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $131.33.

Analysts Set New Price Targets

A number of research firms have commented on TTAN. Loop Capital dropped their price target 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. TD Cowen began coverage on shares of ServiceTitan in a research report on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Canaccord Genuity Group boosted their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, Piper Sandler restated an "overweight" rating and set a $125.00 price target on shares of ServiceTitan in a research report on Friday, March 14th. Four equities 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $118.23.

Insider Activity

In other ServiceTitan news, CAO Michele O'connor sold 5,494 shares of ServiceTitan 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 transaction, the chief accounting officer now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Sherry sold 10,175 shares of ServiceTitan 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 in the company, 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. Insiders own 51.72% of the company's stock.

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.