Capital Impact Advisors LLC Acquires 290,724 Shares of The Trade Desk $TTD

Capital Impact Advisors LLC raised its holdings in shares of The Trade Desk (NASDAQ:TTD) by 182.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 450,119 shares of the technology company’s stock after acquiring an additional 290,724 shares during the period. Capital Impact Advisors LLC’s holdings in Trade Desk were worth $17,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC raised its position in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the last quarter. Howard Capital Management Inc. raised its position in shares of Trade Desk by 2.3% during the 4th quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock valued at $461,000 after acquiring an additional 275 shares during the last quarter. Insigneo Advisory Services LLC raised its position in shares of Trade Desk by 3.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock valued at $423,000 after acquiring an additional 298 shares during the last quarter. Tema Etfs LLC raised its position in shares of Trade Desk by 4.1% during the 4th quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock valued at $288,000 after acquiring an additional 302 shares during the last quarter. Finally, Visionary Wealth Advisors increased its position in shares of Trade Desk by 3.3% in the 2nd quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock valued at $728,000 after buying an additional 327 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $22.00 price objective on shares of Trade Desk in a research report on Thursday, February 26th. Rothschild & Co Redburn assumed coverage on shares of Trade Desk in a research report on Thursday, May 28th. They issued a “sell” rating and a $11.00 price objective for the company. Oppenheimer cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Wedbush set a $21.00 price objective on shares of Trade Desk and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada set a $33.00 price objective on shares of Trade Desk and gave the company an “outperform” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Trade Desk has a consensus rating of “Hold” and a consensus target price of $33.91.

Trade Desk Trading Down 4.2%

TTD stock opened at $18.16 on Thursday. The stock has a 50-day moving average price of $21.59 and a two-hundred day moving average price of $27.78. The stock has a market cap of $8.54 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The Trade Desk has a 1 year low of $18.15 and a 1 year high of $91.45.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.Trade Desk’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. On average, analysts forecast that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk declared that its board has initiated a share buyback program on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.41% of the company’s stock.

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.