Victory Capital Management Inc. Takes $10.45 Million Position in ServiceTitan Inc. (NASDAQ:TTAN)

Victory Capital Management Inc. purchased a new position in shares of ServiceTitan Inc. (NASDAQ:TTAN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 101,580 shares of the company’s stock, valued at approximately $10,450,000. Victory Capital Management Inc. owned about 0.13% of ServiceTitan as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TTAN. SBI Securities Co. Ltd. purchased a new position in shares of ServiceTitan during the fourth quarter worth approximately $26,000. TimesSquare Capital Management LLC acquired a new position in ServiceTitan in the fourth quarter valued at $87,896,000. New York State Common Retirement Fund purchased a new stake in shares of ServiceTitan in the fourth quarter valued at about $3,692,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of ServiceTitan during the fourth quarter worth about $25,365,000.

ServiceTitan Trading Down 3.7 %

TTAN opened at $82.34 on Friday. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $112.00. The business’s fifty day moving average price is $97.40.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. The business had revenue of $209.30 million during the quarter, compared to analysts’ expectations of $200.11 million. The company’s revenue was up 29.4% on a year-over-year basis. On average, equities analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Analyst Ratings Changes

TTAN has been the subject of several analyst reports. William Blair initiated coverage on ServiceTitan in a research note on Monday, January 6th. They set an “outperform” rating for the company. Wells Fargo & Company started coverage on ServiceTitan in a research note on Monday, January 6th. They set an “overweight” rating and a $125.00 price target for the company. Loop Capital initiated coverage on ServiceTitan in a report on Monday, January 6th. They set a “hold” rating and a $105.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of ServiceTitan in a research note on Monday, January 13th. Finally, Piper Sandler assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $125.00 target price for the company. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.17.

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.