Bank of New York Mellon Corp has significantly increased its investment in ServiceTitan, acquiring 78,416 shares to boost its total holdings by 1,247.1% in the second quarter, according to a recent SEC filing. This brings their total ownership to 84,704 shares, valued at approximately $9.08 million and representing about 0.09% of the company. This move by BNY Mellon comes amid other institutional activity, including Artisan Partners Limited Partnership also increasing its position by 52.8%. This institutional buying provides a counterpoint to recent insider activity, which has seen net selling. Notably, CFO David Sherry sold 833 shares on November 17th.
BNY Mellon Increases ServiceTitan Stake by Over 1,200%
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