Profund Advisors LLC Sells 39,814 Shares of The Trade Desk $TTD

Profund Advisors LLC lessened its position in shares of The Trade Desk (NASDAQ:TTD) by 62.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,874 shares of the technology company’s stock after selling 39,814 shares during the period. Profund Advisors LLC’s holdings in Trade Desk were worth $906,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTD. Root Financial Partners LLC bought a new stake in Trade Desk during the 3rd quarter worth approximately $26,000. Elevation Wealth Partners LLC increased its holdings 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 worth $27,000 after acquiring an additional 691 shares during the period. Albion Financial Group UT bought a new stake in Trade Desk during the 4th quarter worth approximately $30,000. CVA Family Office LLC increased its holdings in Trade Desk by 62.1% during the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after acquiring an additional 344 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in Trade Desk during the 4th quarter worth approximately $35,000. Institutional investors own 67.77% of the company’s stock.

Insider Activity

In other news, Director Kathryn E. Falberg sold 50,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TTD. BMO Capital Markets decreased their target price on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. HSBC lowered shares of Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 target price on the stock. in a report on Monday, May 11th. Wells Fargo & Company set a $20.00 target price on shares of Trade Desk and gave the stock an “equal weight” rating in a report on Friday, May 8th. New Street Research cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price target for the company. in a research note on Thursday, February 26th. Finally, Piper Sandler reissued a “neutral” rating and issued a $24.00 price target on shares of Trade Desk in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.61.

Trade Desk Price Performance

TTD stock opened at $21.28 on Friday. The Trade Desk has a one year low of $19.74 and a one year high of $91.45. The stock has a market cap of $10.00 billion, a PE ratio of 24.18, a P/E/G ratio of 1.02 and a beta of 1.10. The firm has a 50 day simple moving average of $22.75 and a two-hundred day simple moving average of $30.69.

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

Trade Desk announced that its Board of Directors has initiated a share 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Trade Desk Company 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.