D.A. Davidson & CO. acquired a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 132,390 shares of the company’s stock, valued at approximately $8,401,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of ServiceTitan by 35.5% during the 1st quarter. Bank of New York Mellon Corp now owns 141,765 shares of the company’s stock valued at $8,996,000 after acquiring an additional 37,121 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in ServiceTitan by 48.7% in the 1st quarter. Sanctuary Advisors LLC now owns 27,905 shares of the company’s stock valued at $1,771,000 after purchasing an additional 9,134 shares during the last quarter. Archer Investment Corp purchased a new stake in shares of ServiceTitan in the 1st quarter valued at approximately $254,000. International Assets Investment Management LLC grew its stake in shares of ServiceTitan by 83.9% in the 1st quarter. International Assets Investment Management LLC now owns 3,325 shares of the company’s stock valued at $208,000 after buying an additional 1,517 shares during the period. Finally, Diversify Wealth Management LLC acquired a new stake in shares of ServiceTitan during the 1st quarter worth approximately $218,000.
ServiceTitan Stock Performance
Shares of TTAN stock opened at $76.00 on Friday. The stock has a market capitalization of $7.25 billion, a P/E ratio of -52.41 and a beta of 0.13. The company has a 50 day moving average price of $69.23 and a 200 day moving average price of $72.44. ServiceTitan Inc. has a fifty-two week low of $54.17 and a fifty-two week high of $119.99.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Robert W. Baird raised their target price on ServiceTitan from $75.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. TD Cowen upped their price target on ServiceTitan from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Truist Financial reiterated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of ServiceTitan in a report on Friday, June 5th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of ServiceTitan in a research report on Wednesday, June 17th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.53.
Get Our Latest Stock Report on TTAN
Insiders Place Their Bets
In related news, CEO Ara Mahdessian sold 51,947 shares of ServiceTitan stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $80.98, for a total value of $4,206,668.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michele O’connor sold 10,000 shares of ServiceTitan stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $69.14, for a total value of $691,400.00. Following the completion of the transaction, the chief accounting officer owned 81,890 shares of the company’s stock, valued at approximately $5,661,874.60. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 296,664 shares of company stock valued at $19,958,797. Corporate insiders own 39.89% of the company’s stock.
ServiceTitan Company Profile
ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.
At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.
Featured Stories
- Five stocks we like better than ServiceTitan
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Want to see what other hedge funds are holding TTAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceTitan Inc. (NASDAQ:TTAN – Free Report).
Receive News & Ratings for ServiceTitan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceTitan and related companies with MarketBeat.com's FREE daily email newsletter.
