Leonteq Securities AG Makes New Investment in The Trade Desk $TTD

Leonteq Securities AG purchased a new position in shares of The Trade Desk (NASDAQ:TTD) in the fourth quarter, HoldingsChannel reports. The fund purchased 72,922 shares of the technology company’s stock, valued at approximately $2,768,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after buying an additional 169 shares during the period. Tidemark LLC lifted its holdings in shares of Trade Desk by 35.1% in the 3rd quarter. Tidemark LLC now owns 943 shares of the technology company’s stock valued at $46,000 after buying an additional 245 shares during the period. Cornerstone Wealth Group LLC lifted its holdings in shares of Trade Desk by 5.8% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 4,714 shares of the technology company’s stock valued at $231,000 after buying an additional 257 shares during the period. Whittier Trust Co. lifted its holdings in shares of Trade Desk by 13.5% in the 3rd quarter. Whittier Trust Co. now owns 2,172 shares of the technology company’s stock valued at $112,000 after buying an additional 258 shares during the period. Finally, Howard Capital Management Inc. lifted its holdings in shares of Trade Desk by 2.3% in the 4th quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock valued at $461,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Down 0.7%

Shares of Trade Desk stock opened at $21.02 on Thursday. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45. The business has a 50-day moving average price of $22.88 and a 200 day moving average price of $30.90. The firm has a market cap of $9.88 billion, a PE ratio of 23.89, a P/E/G ratio of 1.02 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $678.87 million. During the same quarter in the prior year, the firm earned $0.33 EPS. Trade Desk’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, sell-side analysts expect that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Trade Desk

In related news, Director Kathryn E. Falberg sold 102,828 shares of Trade Desk stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $30.45, for a total value of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares in the company, valued at $59,255.70. The trade was a 98.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TTD shares. Piper Sandler reissued a “neutral” rating and issued a $24.00 price objective on shares of Trade Desk in a report on Friday, May 8th. Cfra reissued a “hold” rating and issued a $40.00 price objective on shares of Trade Desk in a report on Tuesday, January 27th. Evercore set a $27.00 price objective on Trade Desk in a report on Friday, May 8th. Weiss Ratings cut Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 8th. Finally, William Blair cut Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Trade Desk currently has an average rating of “Hold” and an average price target of $34.61.

Trade Desk Profile

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.