Virtu Financial LLC Purchases New Shares in ServiceTitan Inc. (NASDAQ:TTAN)

Virtu Financial LLC acquired a new stake in ServiceTitan Inc. (NASDAQ:TTAN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,599 shares of the company’s stock, valued at approximately $473,000.

A number of other large investors have also modified their holdings of the company. Battery Management Corp. acquired a new stake in shares of ServiceTitan during the 4th quarter valued at about $496,599,000. TimesSquare Capital Management LLC purchased a new position in ServiceTitan during the fourth quarter worth approximately $87,896,000. Principal Financial Group Inc. acquired a new stake in ServiceTitan in the fourth quarter valued at approximately $25,365,000. Victory Capital Management Inc. purchased a new stake in shares of ServiceTitan in the fourth quarter valued at approximately $10,450,000. Finally, Burkehill Global Management LP acquired a new position in shares of ServiceTitan during the 4th quarter worth approximately $5,144,000.

ServiceTitan Stock Up 2.0 %

TTAN stock opened at $96.87 on Wednesday. ServiceTitan Inc. has a 12 month low of $79.81 and a 12 month high of $112.00. The firm has a fifty day simple moving average of $96.53.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. On average, equities research analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Loop Capital cut their price target on shares of ServiceTitan from $105.00 to $90.00 and set a “hold” rating for the company in a report on Friday, March 14th. 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 note on Friday, March 14th. William Blair began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an “outperform” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of ServiceTitan in a report on Friday, March 14th. Finally, Wells Fargo & Company assumed coverage on ServiceTitan in a research report on Monday, January 6th. They issued an “overweight” rating and a $125.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ServiceTitan currently has an average rating of “Moderate Buy” and an average target price of $114.33.

Insider Buying and Selling at ServiceTitan

In other 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 owns 325,409 shares in the company, valued at approximately $30,799,961.85. This trade represents a 3.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michele O’connor sold 5,494 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $520,007.10. Following the transaction, the chief accounting officer now owns 89,302 shares in the company, 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.

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.