Scientech Research LLC Takes Position in ServiceTitan Inc. (NASDAQ:TTAN)

Scientech Research LLC bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,856 shares of the company's stock, valued at approximately $1,117,000.

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

Analysts Set New Price Targets

Several brokerages recently commented on TTAN. Needham & Company LLC increased their price objective on shares of ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Stifel Nicolaus dropped their price target on shares of ServiceTitan from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Canaccord Genuity Group raised their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. KeyCorp raised their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Morgan Stanley raised their price target on shares of ServiceTitan from $104.00 to $107.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, ServiceTitan has a consensus rating of "Moderate Buy" and a consensus price target of $118.23.

Insider Buying and Selling

In other ServiceTitan news, CFO David Sherry sold 10,175 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 325,409 shares in the company, valued at approximately $30,799,961.85. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Michele O'connor sold 5,494 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now owns 89,302 shares of the company's stock, valued at $8,452,434.30. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 51.72% of the stock is owned by insiders.

ServiceTitan Stock Down 2.1%

NASDAQ TTAN traded down $2.66 during mid-day trading on Tuesday, reaching $126.71. 405,450 shares of the stock were exchanged, compared to its average volume of 392,641. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The company has a 50 day moving average of $107.51.

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.