4,827,441 Shares in ServiceTitan Inc. (NASDAQ:TTAN) Acquired by Battery Management Corp.

Battery Management Corp. bought a new position in ServiceTitan Inc. (NASDAQ:TTAN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,827,441 shares of the company’s stock, valued at approximately $496,599,000. ServiceTitan makes up about 63.6% of Battery Management Corp.’s portfolio, making the stock its biggest holding. Battery Management Corp. owned about 6.31% of ServiceTitan at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTAN. Principal Financial Group Inc. bought a new position in ServiceTitan in the 4th quarter worth approximately $25,365,000. New York State Common Retirement Fund bought a new position in shares of ServiceTitan during the 4th quarter valued at approximately $3,692,000. TimesSquare Capital Management LLC bought a new position in shares of ServiceTitan during the 4th quarter valued at approximately $87,896,000. SBI Securities Co. Ltd. bought a new position in shares of ServiceTitan during the 4th quarter valued at approximately $26,000. Finally, Victory Capital Management Inc. bought a new position in shares of ServiceTitan during the 4th quarter valued at approximately $10,450,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TTAN shares. Morgan Stanley set a $104.00 target price on ServiceTitan in a research report on Tuesday, January 14th. KeyCorp started coverage on ServiceTitan in a research report on Monday, January 6th. They issued an “overweight” rating and a $120.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of ServiceTitan in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on ServiceTitan in a research report on Monday, January 6th. They issued a “neutral” rating and a $100.00 price target for the company. Finally, Truist Financial started coverage on ServiceTitan in a research report on Monday, January 6th. They issued a “buy” rating and a $120.00 price target for the company. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $116.17.

ServiceTitan Stock Performance

TTAN stock opened at $91.42 on Thursday. The stock has a fifty day simple moving average of $98.96. ServiceTitan Inc. has a twelve month low of $87.60 and a twelve month high of $112.00.

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