Aware Super Pty Ltd as trustee of Aware Super Purchases Shares of 142,653 The Trade Desk $TTD

Aware Super Pty Ltd as trustee of Aware Super bought a new position in The Trade Desk (NASDAQ:TTD) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 142,653 shares of the technology company’s stock, valued at approximately $3,237,000.

Other large investors also recently modified their holdings of the company. Elevation Wealth Partners LLC raised its stake in Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after purchasing an additional 691 shares during the period. Albion Financial Group UT bought a new position in shares of Trade Desk during the 4th quarter worth $30,000. Root Financial Partners LLC raised its holdings in shares of Trade Desk by 219.4% in the 1st quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock valued at $30,000 after purchasing an additional 906 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Trade Desk by 62.1% in the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after purchasing an additional 344 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of Trade Desk in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Activity

In other news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the sale, the director directly owned 13,099 shares of the company’s stock, valued at $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.41% of the stock is owned by insiders.

Trade Desk Stock Performance

Trade Desk stock opened at $18.59 on Friday. The Trade Desk has a 1 year low of $16.98 and a 1 year high of $91.45. The company has a market cap of $8.74 billion, a P/E ratio of 21.13, a PEG ratio of 0.92 and a beta of 1.04. The firm’s 50-day moving average is $19.89 and its 200-day moving average is $24.87.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. During the same period in the previous year, the company posted $0.33 earnings per share. Trade Desk’s revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts predict that The Trade Desk will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

TTD has been the subject of several analyst reports. Arete Research set a $11.60 price objective on Trade Desk and gave the company a “sell” rating in a report on Tuesday, June 30th. Oppenheimer lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Guggenheim reduced their price objective on Trade Desk from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Royal Bank Of Canada set a $33.00 target price on Trade Desk and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, UBS Group set a $28.00 price target on Trade Desk and gave the company a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.43.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.