Science & Technology Partners L.P. Invests $1.56 Million in ServiceTitan Inc. (NASDAQ:TTAN)

Science & Technology Partners L.P. bought a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,200 shares of the company's stock, valued at approximately $1,564,000. ServiceTitan comprises approximately 0.5% of Science & Technology Partners L.P.'s portfolio, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTAN. Battery Management Corp. bought a new position in ServiceTitan during the fourth quarter valued at $496,599,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of ServiceTitan during the 4th quarter valued at about $233,937,000. T. Rowe Price Investment Management Inc. bought a new position in shares of ServiceTitan in the 4th quarter valued at about $89,529,000. TimesSquare Capital Management LLC purchased a new position in ServiceTitan in the fourth quarter worth about $87,896,000. Finally, Canada Pension Plan Investment Board bought a new stake in ServiceTitan during the fourth quarter worth approximately $71,155,000.

Insider Activity

In other news, CFO David Sherry sold 10,175 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 325,409 shares in the company, valued at $30,799,961.85. This trade represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Michele O'connor sold 5,494 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $520,007.10. Following the completion of the sale, the chief accounting officer now directly owns 89,302 shares in the company, valued at $8,452,434.30. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

ServiceTitan Trading Down 1.3 %

NASDAQ:TTAN traded down $1.52 during trading hours on Tuesday, hitting $117.82. 145,133 shares of the company were exchanged, compared to its average volume of 384,126. ServiceTitan Inc. has a 52-week low of $79.81 and a 52-week high of $128.16. The company's 50 day moving average is $98.75.

Analysts Set New Price Targets

Several research analysts have commented on TTAN shares. William Blair assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an "outperform" rating for the company. KeyCorp boosted their price target on ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Friday. Piper Sandler reaffirmed an "overweight" rating and set a $125.00 target price on shares of ServiceTitan in a research report on Friday, March 14th. Wells Fargo & Company assumed coverage on ServiceTitan in a research note on Monday, January 6th. They set an "overweight" rating and a $125.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a "neutral" rating and a $100.00 price target for the company. 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $118.23.

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.