Tower Research Capital LLC TRC Invests $91,000 in ServiceTitan Inc. (NASDAQ:TTAN)

Tower Research Capital LLC TRC purchased a new stake in ServiceTitan Inc. (NASDAQ:TTAN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 882 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in ServiceTitan in the 4th quarter valued at $26,000. Assetmark Inc. bought a new position in ServiceTitan in the fourth quarter valued at about $67,000. FIL Ltd acquired a new stake in ServiceTitan in the fourth quarter worth about $67,000. Avantax Advisory Services Inc. bought a new stake in ServiceTitan during the 4th quarter worth about $227,000. Finally, Barclays PLC acquired a new position in ServiceTitan during the 4th quarter valued at about $267,000.

Wall Street Analysts Forecast Growth

TTAN has been the subject of a number of recent research reports. KeyCorp boosted their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Loop Capital dropped their target price on shares of ServiceTitan from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Morgan Stanley raised their price target on ServiceTitan from $104.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. Citigroup upped their price objective on ServiceTitan from $109.00 to $113.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Finally, Needham & Company LLC raised their target price on ServiceTitan from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.23.

Insider Transactions at ServiceTitan

In other news, CAO Michele O’connor sold 5,494 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 transaction of $520,007.10. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David Sherry sold 10,175 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 value of $963,063.75. Following the completion of the sale, the chief financial officer now directly owns 325,409 shares in the company, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

ServiceTitan Stock Up 7.1 %

TTAN stock opened at $124.22 on Friday. The stock’s 50-day moving average price is $102.92. ServiceTitan Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $128.16.

ServiceTitan Company 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.