The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Forsta AP Fonden

Forsta AP Fonden raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,500 shares of the technology company’s stock after purchasing an additional 900 shares during the quarter. Forsta AP Fonden’s holdings in Trade Desk were worth $10,872,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TTD. Harbor Investment Advisory LLC increased its holdings in 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 buying an additional 117 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Trade Desk during the fourth quarter worth approximately $35,000. Avior Wealth Management LLC grew its holdings in 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 purchased a new stake in shares of Trade Desk in the second quarter valued at approximately $41,000. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The stock was 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 directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 512,953 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 243,476 shares of the company’s stock, valued at $30,354,152.92. The trade was a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 553,982 shares of company stock valued at $68,954,147. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Stock Performance

Trade Desk stock opened at $118.94 on Friday. The firm has a 50 day moving average price of $125.70 and a 200 day moving average price of $114.05. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53. The company has a market capitalization of $58.71 billion, a PE ratio of 194.98, a price-to-earnings-growth ratio of 3.82 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted 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 net margin of 13.34% and a return on equity of 13.17%. The firm had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. During the same quarter in the prior year, the firm posted $0.08 EPS. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TTD. Wells Fargo & Company increased their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Benchmark reiterated a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. Morgan Stanley increased their target price on Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Truist Financial lifted their price target on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.13.

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.