Virtu Financial LLC Acquires New Position in ServiceTitan Inc. (NASDAQ:TTAN)

Virtu Financial LLC bought a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,599 shares of the company’s stock, valued at approximately $473,000.

Several other large investors have also added to or reduced their stakes in the company. Battery Management Corp. purchased a new stake in shares of ServiceTitan in the fourth quarter worth $496,599,000. TimesSquare Capital Management LLC bought a new stake in ServiceTitan during the fourth quarter valued at about $87,896,000. Principal Financial Group Inc. purchased a new position in shares of ServiceTitan in the fourth quarter valued at about $25,365,000. Victory Capital Management Inc. bought a new position in shares of ServiceTitan in the fourth quarter worth about $10,450,000. Finally, Burkehill Global Management LP purchased a new stake in shares of ServiceTitan during the fourth quarter worth about $5,144,000.

Insider Activity

In other ServiceTitan news, CFO David Sherry sold 10,175 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 value of $963,063.75. Following the sale, the chief financial officer now directly owns 325,409 shares of the company’s stock, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michele O’connor sold 5,494 shares of the stock in a transaction dated Thursday, March 20th. The stock was 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. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TTAN shares. Robert W. Baird assumed coverage on ServiceTitan in a report on Friday, December 27th. They issued an “outperform” rating and a $117.00 price target on the stock. 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 report on Friday, March 14th. Loop Capital cut their target price on shares of ServiceTitan from $105.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, March 14th. Wells Fargo & Company assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $125.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of ServiceTitan in a research report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.33.

ServiceTitan Stock Up 2.0 %

Shares of TTAN opened at $96.87 on Wednesday. The stock’s 50-day moving average price is $96.53. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $112.00.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. As a group, equities research analysts expect that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

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.