32,076 Shares in ServiceTitan Inc. $TTAN Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new stake in shares of ServiceTitan Inc. (NASDAQ:TTAN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 32,076 shares of the company’s stock, valued at approximately $3,438,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTAN. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of ServiceTitan by 1,545.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company’s stock worth $195,521,000 after buying an additional 1,930,779 shares in the last quarter. Alliancebernstein L.P. lifted its position in ServiceTitan by 143.1% in the first quarter. Alliancebernstein L.P. now owns 356,490 shares of the company’s stock valued at $33,906,000 after buying an additional 209,822 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of ServiceTitan by 22.3% during the first quarter. TimesSquare Capital Management LLC now owns 1,044,914 shares of the company’s stock worth $99,382,000 after purchasing an additional 190,476 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of ServiceTitan by 25.8% during the first quarter. Vanguard Group Inc. now owns 701,060 shares of the company’s stock worth $66,678,000 after purchasing an additional 143,574 shares in the last quarter. Finally, Jacobson & Schmitt Advisors LLC purchased a new stake in shares of ServiceTitan during the first quarter worth approximately $9,326,000.

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, CAO Michele O’connor sold 5,188 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $116.05, for a total value of $602,067.40. Following the sale, the chief accounting officer directly owned 93,748 shares of the company’s stock, valued at $10,879,455.40. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Bessemer Venture Partners Viii sold 28,245 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $118.21, for a total value of $3,338,841.45. Following the completion of the sale, the insider directly owned 7,131,050 shares in the company, valued at $842,961,420.50. This represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,154,283 shares of company stock worth $133,653,558. 51.72% of the stock is owned by insiders.

ServiceTitan Stock Performance

ServiceTitan stock opened at $99.29 on Thursday. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07. The stock has a market cap of $9.23 billion and a P/E ratio of -18.39. ServiceTitan Inc. has a 52 week low of $79.81 and a 52 week high of $131.33. The stock has a 50 day moving average of $107.36 and a 200-day moving average of $109.57.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TTAN shares. Needham & Company LLC restated a “buy” rating and issued a $140.00 target price on shares of ServiceTitan in a report on Friday, September 5th. Stifel Nicolaus boosted their target price on shares of ServiceTitan from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Wells Fargo & Company lifted their price target on ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. KeyCorp set a $140.00 target price on shares of ServiceTitan and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, Robert W. Baird lifted their price target on ServiceTitan from $124.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

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.