The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Strategic Advisors LLC

Strategic Advisors LLC raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6.4% during the fourth quarter, HoldingsChannel reports. The firm owned 3,056 shares of the technology company’s stock after purchasing an additional 184 shares during the quarter. Strategic Advisors LLC’s holdings in Trade Desk were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TTD. Creative Planning increased its stake in shares of Trade Desk by 10.6% in the third quarter. Creative Planning now owns 129,599 shares of the technology company’s stock worth $14,211,000 after acquiring an additional 12,384 shares during the period. Blue Trust Inc. increased its stake in shares of Trade Desk by 364.9% in the third quarter. Blue Trust Inc. now owns 6,169 shares of the technology company’s stock worth $676,000 after acquiring an additional 4,842 shares during the period. Means Investment CO. Inc. acquired a new stake in shares of Trade Desk in the third quarter worth $201,000. OLD National Bancorp IN increased its stake in shares of Trade Desk by 31.7% in the third quarter. OLD National Bancorp IN now owns 3,555 shares of the technology company’s stock worth $390,000 after acquiring an additional 855 shares during the period. Finally, Brown Lisle Cummings Inc. increased its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTD. Citizens Jmp upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Stifel Nicolaus cut their price objective on shares of Trade Desk from $144.00 to $122.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Truist Financial lowered their price target on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $145.00 price target on shares of Trade Desk in a report on Thursday, February 13th. Finally, Royal Bank of Canada lowered their price target on shares of Trade Desk from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.97.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock valued at $5,004,296 over the last ninety days. Company insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 2.1 %

NASDAQ:TTD opened at $80.16 on Tuesday. The company’s 50-day moving average price is $119.84 and its 200-day moving average price is $115.53. The company has a market cap of $39.56 billion, a P/E ratio of 131.41, a P/E/G ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $73.68 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. On average, analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Trade Desk announced that its board has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About Trade Desk

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.