2,240 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Wealth Quarterback LLC

Wealth Quarterback LLC purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,240 shares of the technology company’s stock, valued at approximately $263,000.

A number of other institutional investors have also recently bought and sold shares of the business. Creative Planning boosted its stake in shares of Trade Desk by 10.6% in the 3rd quarter. Creative Planning now owns 129,599 shares of the technology company’s stock valued at $14,211,000 after purchasing an additional 12,384 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Trade Desk by 12.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 11,046 shares of the technology company’s stock valued at $1,211,000 after purchasing an additional 1,193 shares in the last quarter. Secure Asset Management LLC acquired a new position in Trade Desk during the 3rd quarter worth about $222,000. Blue Trust Inc. lifted its position in Trade Desk by 364.9% during the 3rd quarter. Blue Trust Inc. now owns 6,169 shares of the technology company’s stock worth $676,000 after buying an additional 4,842 shares in the last quarter. Finally, Chicago Capital LLC raised its holdings in Trade Desk by 2.9% during the 3rd quarter. Chicago Capital LLC now owns 543,456 shares of the technology company’s stock worth $59,590,000 after purchasing an additional 15,513 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

TTD has been the subject of several recent research reports. Benchmark reissued a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. Oppenheimer dropped their price objective on Trade Desk from $135.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday. Loop Capital boosted their price objective on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. KeyCorp boosted their price objective on Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, JMP Securities dropped their price objective on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $120.97.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,029 shares of company stock worth $5,004,296. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 2.1 %

Shares of TTD stock opened at $80.16 on Monday. The stock has a market cap of $39.56 billion, a P/E ratio of 131.41, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The stock has a 50 day simple moving average of $120.93 and a 200 day simple moving average of $115.58. The Trade Desk, Inc. has a 1 year low of $73.68 and a 1 year high of $141.53.

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

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

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.