Silver Oak Securities Incorporated Takes $684,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Silver Oak Securities Incorporated bought a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,695 shares of the technology company’s stock, valued at approximately $684,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC lifted its holdings in shares of Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares during the period. Exchange Traded Concepts LLC acquired a new position in Trade Desk in the fourth quarter worth about $35,000. Synergy Asset Management LLC bought a new position in Trade Desk during the fourth quarter worth about $34,000. Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% during 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 in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of Trade Desk by 194.5% in the 3rd 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. 67.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird boosted their price target on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. KeyCorp boosted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. UBS Group boosted their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,029 shares of company stock worth $5,004,296. Company insiders own 9.72% of the company’s stock.

Trade Desk Trading Up 2.3 %

NASDAQ:TTD opened at $117.29 on Friday. The Trade Desk, Inc. has a 1-year low of $68.65 and a 1-year high of $141.53. The firm has a market capitalization of $57.89 billion, a price-to-earnings ratio of 192.28, a PEG ratio of 3.75 and a beta of 1.45. The business’s 50-day moving average price is $124.40 and its two-hundred day moving average price is $114.68.

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

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.