691,696 Shares in ServiceTitan Inc. (NASDAQ:TTAN) Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 691,696 shares of the company’s stock, valued at approximately $71,155,000.

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

ServiceTitan Stock Up 1.9 %

Shares of NASDAQ:TTAN opened at $119.89 on Friday. ServiceTitan Inc. has a 1-year low of $79.81 and a 1-year high of $123.48. The stock’s fifty day simple moving average is $96.08.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TTAN shares. Citigroup raised their price target on ServiceTitan from $109.00 to $113.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Stifel Nicolaus decreased their target price on ServiceTitan from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Baird R W upgraded shares of ServiceTitan to a “strong-buy” rating in a research note on Friday, December 27th. KeyCorp started coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $120.00 price objective on the stock. Finally, Piper Sandler restated an “overweight” rating and issued a $125.00 target price on shares of ServiceTitan in a report on Friday, March 14th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.54.

Insider Activity

In other ServiceTitan news, CAO Michele O’connor sold 5,494 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $520,007.10. Following the completion of the sale, the chief accounting officer now directly owns 89,302 shares of the company’s stock, valued at $8,452,434.30. This represents a 5.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Sherry sold 10,175 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the sale, the chief financial officer now directly owns 325,409 shares of the company’s stock, valued at $30,799,961.85. The trade was a 3.03 % 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.