Graham Capital Management L.P. Purchases 865 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Graham Capital Management L.P. increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,785 shares of the technology company’s stock after purchasing an additional 865 shares during the period. Graham Capital Management L.P.’s holdings in Trade Desk were worth $680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TTD. Rialto Wealth Management LLC acquired a new stake in Trade Desk in the 4th quarter valued at $26,000. Harbor Investment Advisory LLC boosted its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Trade Desk in the 4th quarter valued at $34,000. Midwest Capital Advisors LLC acquired a new stake in Trade Desk in the 4th quarter valued at $34,000. Finally, Zions Bancorporation N.A. boosted its stake in Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock valued at $34,000 after buying an additional 175 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the sale, the chief executive officer now directly owns 17,018 shares in the company, valued at $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.74% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTD. Scotiabank decreased their price target on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. JMP Securities decreased their price target on Trade Desk from $115.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Friday, May 9th. Rosenblatt Securities assumed coverage on Trade Desk in a research note on Tuesday, April 29th. They issued a “buy” rating and a $77.00 price target on the stock. KeyCorp boosted their price objective on Trade Desk from $67.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Finally, Guggenheim reduced their price objective on Trade Desk from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Seven analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.88.

Trade Desk Trading Up 1.3%

NASDAQ TTD opened at $79.14 on Thursday. The stock has a 50-day simple moving average of $55.42 and a 200 day simple moving average of $94.49. The company has a market capitalization of $39.26 billion, a PE ratio of 101.46, a P/E/G ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. As a group, sell-side analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are 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.