Atomi Financial Group Inc. Raises Position in The Trade Desk, Inc. (NASDAQ:TTD)

Atomi Financial Group Inc. grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 78.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,053 shares of the technology company’s stock after acquiring an additional 2,660 shares during the period. Atomi Financial Group Inc.’s holdings in Trade Desk were worth $711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TTD. Harbor Investment Advisory LLC lifted its stake in shares of Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the period. Quarry LP acquired a new stake in shares of Trade Desk in the second quarter valued at about $41,000. Brown Lisle Cummings Inc. lifted its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the period. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 549,684 shares of company stock valued at $68,444,576. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 1.3 %

TTD opened at $119.14 on Friday. The Trade Desk, Inc. has a 52-week low of $66.56 and a 52-week high of $141.53. The company has a 50 day moving average of $125.80 and a two-hundred day moving average of $113.33. The company has a market cap of $58.80 billion, a P/E ratio of 195.31, a P/E/G ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 earnings per share (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 business had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Research analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TTD. Loop Capital raised their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Royal Bank of Canada lifted their target price on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. UBS Group lifted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Oppenheimer lifted their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Benchmark restated a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

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.