Rakuten Securities Inc. Invests $63,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Rakuten Securities Inc. acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 875 shares of the technology company’s stock, valued at approximately $63,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NBC Securities Inc. purchased a new position in shares of Trade Desk during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Trade Desk during the third quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Trade Desk in the third quarter valued at approximately $29,000. MUFG Americas Holdings Corp acquired a new position in shares of Trade Desk in the third quarter valued at approximately $30,000. Finally, Level Financial Advisors Inc. increased its stake in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after buying an additional 150 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of TTD opened at $80.13 on Thursday. The Trade Desk, Inc. has a fifty-two week low of $59.36 and a fifty-two week high of $94.00. The firm has a 50-day simple moving average of $82.64 and a 200-day simple moving average of $75.63. The company has a market capitalization of $39.18 billion, a price-to-earnings ratio of 222.59, a price-to-earnings-growth ratio of 4.53 and a beta of 1.50.

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

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the transaction, the chief executive officer now directly owns 1,551,987 shares of the company’s stock, valued at $126,905,976.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the 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 completion of the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at $126,905,976.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the sale, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 492,170 shares of company stock worth $41,250,398. 10.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TTD has been the subject of several research reports. Benchmark boosted their price target on shares of Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a research note on Friday, February 16th. Piper Sandler upped their price target on Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Trade Desk in a research report on Thursday, March 21st. Seaport Res Ptn reiterated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Finally, Stifel Nicolaus raised their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.75.

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.