Tejara Capital Ltd Invests $611,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Tejara Capital Ltd acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,200 shares of the technology company’s stock, valued at approximately $611,000.

Several other large investors have also modified their holdings of TTD. Rialto Wealth Management LLC bought a new stake in shares of Trade Desk during the 4th quarter worth $26,000. Harbor Investment Advisory LLC boosted its stake in shares of Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC bought a new stake in shares of Trade Desk during the 4th quarter worth $34,000. Midwest Capital Advisors LLC bought a new stake in shares of Trade Desk during the 4th quarter worth $34,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk in the fourth quarter worth $35,000. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was 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 in the company, 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 legal filing with the SEC, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 41,029 shares of company stock valued at $5,004,296. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $56.50 on Tuesday. The Trade Desk, Inc. has a twelve month low of $53.42 and a twelve month high of $141.53. The stock has a market capitalization of $28.03 billion, a PE ratio of 72.44, a P/E/G ratio of 3.11 and a beta of 1.63. The stock has a 50-day simple moving average of $96.38 and a 200 day simple moving average of $111.25.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data 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%. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley decreased their target price on Trade Desk from $145.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus decreased their target price on Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on Trade Desk from $142.00 to $101.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Susquehanna decreased their target price on Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 13th. Finally, Royal Bank of Canada decreased their target price on Trade Desk from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.45.

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.