Vestmark Advisory Solutions Inc. Acquires 46,865 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Vestmark Advisory Solutions Inc. increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 195.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,803 shares of the technology company’s stock after purchasing an additional 46,865 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Trade Desk were worth $5,095,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. NBC Securities Inc. bought a new position in Trade Desk during the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Trade Desk during the third quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new stake in Trade Desk in the 3rd quarter valued at approximately $29,000. Level Financial Advisors Inc. lifted its stake in Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in Trade Desk by 56.5% during the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TTD shares. Piper Sandler lifted their price objective on shares of Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Oppenheimer boosted their price target on shares of Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Stifel Nicolaus increased their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Susquehanna lifted their target price on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, February 16th. Finally, Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.38.

Trade Desk Stock Up 0.5 %

Shares of Trade Desk stock traded up $0.47 during trading on Friday, reaching $88.59. The company’s stock had a trading volume of 3,778,002 shares, compared to its average volume of 2,871,066. The firm has a market cap of $43.32 billion, a PE ratio of 246.09, a P/E/G ratio of 4.86 and a beta of 1.50. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $94.00. The business’s 50-day moving average price is $83.69 and its 200-day moving average price is $75.83.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The business had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. Equities analysts predict that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at $126,905,976.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Laura Schenkein sold 3,391 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $303,596.23. Following the completion of the transaction, the chief financial officer now owns 653,366 shares of the company’s stock, valued at approximately $58,495,857.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The disclosure for this sale can be found here. Insiders sold 642,170 shares of company stock valued at $53,970,398 in the last three months. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Company 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.