Soros Fund Management LLC Takes $2.57 Million Position in ServiceTitan Inc. (NASDAQ:TTAN)

Soros Fund Management LLC purchased a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the company's stock, valued at approximately $2,572,000.

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

Insider Buying and Selling

In related news, CFO David Sherry sold 10,175 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michele O'connor sold 5,494 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $520,007.10. Following 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 trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

ServiceTitan Stock Performance

Shares of NASDAQ:TTAN traded down $0.48 during trading on Monday, hitting $117.41. The stock had a trading volume of 72,507 shares, compared to its average volume of 382,303. The company has a fifty day moving average of $100.43. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $128.16.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. William Blair assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an "outperform" rating on the stock. KeyCorp upped their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. TD Cowen initiated coverage on shares of ServiceTitan in a research note on Tuesday, April 8th. They issued a "buy" rating and a $120.00 price target for the company. Needham & Company LLC raised their price objective on ServiceTitan from $125.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a "neutral" rating and a $100.00 price target for the company. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.23.

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.