Investors Purchase Large Volume of Trade Desk Call Options (NASDAQ:TTD)

The Trade Desk, Inc. (NASDAQ:TTD) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 40,994 call options on the company. This is an increase of 58% compared to the average volume of 26,009 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TTD shares. Benchmark reiterated a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. KeyCorp upped their price objective on Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Truist Financial reduced their price objective on Trade Desk from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Scotiabank cut their price target on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Finally, Oppenheimer dropped their price objective on shares of Trade Desk from $135.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $120.97.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock valued at $5,004,296 in the last three months. 9.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Several institutional investors and hedge funds have recently bought and sold shares of the company. Focus Financial Network Inc. lifted its holdings in shares of Trade Desk by 2.2% in the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock worth $456,000 after acquiring an additional 84 shares during the last quarter. CAP Partners LLC lifted its holdings in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after acquiring an additional 86 shares during the last quarter. RMR Wealth Builders increased its stake in Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after buying an additional 89 shares during the period. Quotient Wealth Partners LLC grew its position in shares of Trade Desk by 4.2% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock valued at $276,000 after buying an additional 94 shares during the last quarter. Finally, TFB Advisors LLC boosted its stake in Trade Desk by 2.6% during the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock worth $442,000 after purchasing an additional 94 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

TTD traded down $0.13 on Tuesday, reaching $80.03. 16,226,285 shares of the company’s stock were exchanged, compared to its average volume of 6,630,083. The stock has a market cap of $39.50 billion, a PE ratio of 131.20, a P/E/G ratio of 3.63 and a beta of 1.45. Trade Desk has a twelve month low of $76.12 and a twelve month high of $141.53. The stock’s fifty day moving average price is $119.84 and its 200-day moving average price is $115.53.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. As a group, research analysts predict that Trade Desk will post 0.87 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a stock repurchase plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.