Ieq Capital LLC Has $1.44 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Ieq Capital LLC trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,287 shares of the technology company’s stock after selling 925 shares during the period. Ieq Capital LLC’s holdings in Trade Desk were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lyell Wealth Management LP increased its position in Trade Desk by 24.3% during the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company’s stock worth $11,558,000 after buying an additional 19,204 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Trade Desk by 136.0% during the 4th quarter. Global Retirement Partners LLC now owns 14,514 shares of the technology company’s stock worth $1,706,000 after acquiring an additional 8,364 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Trade Desk during the 4th quarter valued at $293,000. Kestra Investment Management LLC acquired a new stake in Trade Desk during the 4th quarter valued at $39,000. Finally, Atria Wealth Solutions Inc. boosted its position in Trade Desk by 0.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 26,734 shares of the technology company’s stock worth $3,142,000 after purchasing an additional 243 shares during the period. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Trade Desk

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TTD shares. Susquehanna cut their target price on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, February 13th. Citigroup cut their price objective on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Wolfe Research upped their target price on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. DA Davidson dropped their price target on Trade Desk from $134.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Robert W. Baird decreased their price objective on Trade Desk from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.45.

Trade Desk Stock Up 3.0 %

NASDAQ TTD opened at $74.20 on Tuesday. The company has a market cap of $36.62 billion, a price-to-earnings ratio of 95.13, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $70.44 and a twelve month high of $141.53. The business’s fifty day moving average is $114.10 and its 200 day moving average is $115.21.

Trade Desk (NASDAQ:TTD) last released its quarterly 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 16.38% and a net margin of 16.08%. On average, research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

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