NZS Capital LLC Invests $15.48 Million in ServiceTitan Inc. (NASDAQ:TTAN)

NZS Capital LLC purchased a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 150,506 shares of the company's stock, valued at approximately $15,483,000. NZS Capital LLC owned 0.20% of ServiceTitan as of its most recent SEC filing.

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

ServiceTitan Stock Performance

Shares of NASDAQ:TTAN traded up $2.97 during trading on Friday, reaching $118.84. 217,956 shares of the company traded hands, compared to its average volume of 384,320. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $128.16. The firm's fifty day simple moving average is $99.96.

Insider Activity at ServiceTitan

In other ServiceTitan news, CAO Michele O'connor sold 5,494 shares of the business'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 transaction, the chief accounting officer now owns 89,302 shares in the company, valued at approximately $8,452,434.30. The trade was a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Sherry sold 10,175 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $963,063.75. Following the transaction, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. This trade represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued an "overweight" rating and a $125.00 price objective on the stock. Loop Capital dropped their price objective on shares of ServiceTitan from $105.00 to $90.00 and set a "hold" rating for the company in a report on Friday, March 14th. TD Cowen began coverage on ServiceTitan in a research report on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target on the stock. Canaccord Genuity Group upped their price objective on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, Morgan Stanley raised their price objective on ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.