400 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Berbice Capital Management LLC

Berbice Capital Management LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 400 shares of the technology company’s stock, valued at approximately $47,000.

Other hedge funds have also recently bought and sold shares of the company. Ithaka Group LLC boosted its holdings in Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after purchasing an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC lifted its stake in Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after buying an additional 4,296 shares during the last quarter. Nordea Investment Management AB lifted its stake in Trade Desk by 36.2% in the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after buying an additional 358,350 shares during the last quarter. Assetmark Inc. lifted its stake in Trade Desk by 2,461.2% in the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after buying an additional 70,687 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Trade Desk by 0.3% in the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after buying an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Up 0.8 %

NASDAQ TTD opened at $120.06 on Friday. The business’s 50-day moving average price is $125.80 and its 200 day moving average price is $113.33. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53. The company has a market capitalization of $59.26 billion, a PE ratio of 196.70, a price-to-earnings-growth ratio of 3.82 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The company had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. During the same period last year, the firm posted $0.08 earnings per share. Equities analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTD. Evercore ISI upped their price target on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company increased their price objective on Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Oppenheimer increased their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group increased their price objective on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Morgan Stanley increased their price objective on Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.13.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 512,953 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $124.67, for a total value of $63,949,850.51. Following the completion of the transaction, the chief executive officer now directly owns 243,476 shares in the company, valued at $30,354,152.92. The trade was a 67.81 % 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 Trade Desk stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 549,684 shares of company stock valued at $68,444,576. 9.72% of the stock is currently owned by insiders.

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.