Burkehill Global Management LP Acquires Shares of 50,000 ServiceTitan Inc. (NASDAQ:TTAN)

Burkehill Global Management LP bought a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $5,144,000.

Several other institutional investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. bought a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $227,000. Battery Management Corp. purchased a new position in ServiceTitan during the fourth quarter valued at $496,599,000. Assetmark Inc. bought a new stake in shares of ServiceTitan during the 4th quarter valued at $67,000. Victory Capital Management Inc. purchased a new stake in shares of ServiceTitan in the 4th quarter worth about $10,450,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of ServiceTitan in the 4th quarter worth about $26,000.

ServiceTitan Stock Performance

Shares of NASDAQ:TTAN opened at $85.53 on Thursday. ServiceTitan Inc. has a 1 year low of $83.30 and a 1 year high of $112.00. The firm’s fifty day simple moving average is $97.71.

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

Wall Street Analyst Weigh In

Several research firms recently commented on TTAN. Loop Capital began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a “hold” rating and a $105.00 price objective on the stock. Wells Fargo & Company initiated coverage on ServiceTitan in a research report on Monday, January 6th. They issued an “overweight” rating and a $125.00 price target on the stock. Morgan Stanley set a $104.00 price objective on ServiceTitan in a research report on Tuesday, January 14th. Stifel Nicolaus started coverage on ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 price objective for the company. Finally, Robert W. Baird began coverage on ServiceTitan in a research note on Friday, December 27th. They issued an “outperform” rating and a $117.00 target price on the stock. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.17.

ServiceTitan 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.