Vanguard Group Inc. Invests $57.35 Million in ServiceTitan Inc. (NASDAQ:TTAN)

Vanguard Group Inc. bought a new stake in ServiceTitan Inc. (NASDAQ:TTAN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 557,486 shares of the company's stock, valued at approximately $57,349,000. Vanguard Group Inc. owned about 0.73% of ServiceTitan at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of ServiceTitan in the fourth quarter worth about $26,000. Assetmark Inc. purchased a new position in shares of ServiceTitan in the fourth quarter valued at $67,000. Avantax Advisory Services Inc. acquired a new stake in ServiceTitan during the 4th quarter valued at $227,000. Virtu Financial LLC purchased a new stake in ServiceTitan during the 4th quarter worth $473,000. Finally, Sei Investments Co. acquired a new position in ServiceTitan in the 4th quarter worth $1,593,000.

Analyst Upgrades and Downgrades

TTAN has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on ServiceTitan in a research report on Monday, January 6th. They set a "neutral" rating and a $100.00 target price on the stock. KeyCorp assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an "overweight" rating and a $120.00 price target for the company. Morgan Stanley boosted their target price on shares of ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. William Blair started coverage on ServiceTitan in a research note on Monday, January 6th. They set an "outperform" rating on the stock. Finally, Piper Sandler restated an "overweight" rating and set a $125.00 price objective on shares of ServiceTitan in a research note on Friday, March 14th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ServiceTitan has a consensus rating of "Moderate Buy" and a consensus target price of $115.54.

ServiceTitan Stock Down 1.7 %

Shares of NASDAQ TTAN traded down $2.04 during midday trading on Thursday, reaching $115.62. 167,825 shares of the company traded hands, compared to its average volume of 374,655. The stock's 50-day moving average is $95.36. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $123.48.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings data on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceTitan

In related news, CAO Michele O'connor sold 5,494 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total value of $520,007.10. Following the sale, the chief accounting officer now directly owns 89,302 shares in the company, valued at $8,452,434.30. The trade was a 5.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David Sherry sold 10,175 shares of the firm'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 $963,063.75. Following the sale, the chief financial officer now owns 325,409 shares of the company's stock, valued at $30,799,961.85. The trade was 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.