Triasima Portfolio Management inc. bought a new position in ServiceTitan Inc. (NASDAQ:TTAN – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,037 shares of the company’s stock, valued at approximately $3,648,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Woodline Partners LP boosted its stake in ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares during the period. Assetmark Inc. boosted its stake in ServiceTitan by 47.2% in the 1st quarter. Assetmark Inc. now owns 960 shares of the company’s stock worth $91,000 after purchasing an additional 308 shares during the period. LRI Investments LLC acquired a new position in ServiceTitan in the 1st quarter worth $58,000. Northside Capital Management LLC acquired a new position in ServiceTitan in the 2nd quarter worth $284,000. Finally, Comerica Bank boosted its stake in ServiceTitan by 92,500.0% in the 1st quarter. Comerica Bank now owns 2,778 shares of the company’s stock worth $264,000 after purchasing an additional 2,775 shares during the period.
Insiders Place Their Bets
In related news, President Vahe Kuzoyan sold 16,690 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $104.81, for a total value of $1,749,278.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ara Mahdessian sold 3,059 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $116.04, for a total transaction of $354,966.36. The disclosure for this sale can be found here. Insiders sold a total of 1,239,225 shares of company stock worth $143,116,946 in the last three months. Insiders own 51.72% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Analysis on TTAN
ServiceTitan Trading Down 1.7%
ServiceTitan stock opened at $99.40 on Wednesday. ServiceTitan Inc. has a one year low of $79.81 and a one year high of $131.33. The company has a market cap of $9.24 billion and a price-to-earnings ratio of -18.41. The firm has a 50-day moving average of $107.71 and a 200-day moving average of $109.64. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49.
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.
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