GAMMA Investing LLC Makes New $88,000 Investment in The Trade Desk, Inc. (NASDAQ:TTD)

GAMMA Investing LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,293 shares of the technology company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTD. California Public Employees Retirement System boosted its holdings in shares of Trade Desk by 1.4% during the 3rd quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company’s stock valued at $63,185,000 after acquiring an additional 11,356 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Trade Desk by 31.7% during the fourth quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock valued at $44,226,000 after purchasing an additional 147,717 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Trade Desk by 12.8% during the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock worth $18,161,000 after purchasing an additional 28,714 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Trade Desk by 30.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock valued at $21,078,000 after buying an additional 67,520 shares during the period. Finally, Deane Retirement Strategies Inc. raised its holdings in Trade Desk by 126.8% in the 4th quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company’s stock valued at $1,887,000 after buying an additional 14,662 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTD has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Trade Desk in a research report on Thursday, March 21st. Truist Financial increased their price objective on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Royal Bank of Canada lifted their target price on Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Benchmark increased their price target on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research note on Friday, February 16th. Finally, Wells Fargo & Company increased their price target on Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the transaction, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Laura Schenkein sold 3,391 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $303,596.23. Following the transaction, the chief financial officer now owns 653,366 shares in the company, valued at $58,495,857.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 492,170 shares of company stock worth $41,250,398. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $84.50 on Tuesday. The business’s 50 day simple moving average is $83.47 and its two-hundred day simple moving average is $75.60. The firm has a market cap of $41.32 billion, a P/E ratio of 234.73, a PEG ratio of 4.67 and a beta of 1.50. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. On average, equities analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Trade Desk 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.