Phoenix Financial Ltd. Invests $498,000 in ServiceTitan Inc. (NASDAQ:TTAN)

Phoenix Financial Ltd. bought a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,842 shares of the company's stock, valued at approximately $498,000.

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

Wall Street Analysts Forecast Growth

TTAN has been the topic of several recent analyst reports. William Blair initiated coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an "outperform" rating on the stock. Citigroup lifted their price target on shares of ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Wells Fargo & Company assumed coverage on ServiceTitan in a research report on Monday, January 6th. They issued an "overweight" rating and a $125.00 target price on the stock. Baird R W raised ServiceTitan to a "strong-buy" rating in a research note on Friday, December 27th. Finally, Piper Sandler restated an "overweight" rating and issued a $125.00 price target on shares of ServiceTitan in a report on Friday, March 14th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ServiceTitan presently has a consensus rating of "Moderate Buy" and an average target price of $115.54.

ServiceTitan Stock Performance

Shares of ServiceTitan stock traded up $0.72 during trading on Thursday, reaching $118.38. The company had a trading volume of 289,611 shares, compared to its average volume of 377,115. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $123.48. The firm's fifty day simple moving average is $95.36.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. On average, equities analysts predict that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Michele O'connor sold 5,494 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 $520,007.10. Following the completion of the transaction, the chief accounting officer now directly owns 89,302 shares of the company's stock, valued at approximately $8,452,434.30. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Sherry sold 10,175 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the completion of the sale, the chief financial officer now directly owns 325,409 shares in the company, valued at $30,799,961.85. This represents 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.