Proficio Capital Partners LLC Purchases Shares of 199,816 The Trade Desk, Inc. (NASDAQ:TTD)

Proficio Capital Partners LLC purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 199,816 shares of the technology company’s stock, valued at approximately $23,484,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. Oppenheimer & Co. Inc. lifted its position in shares of Trade Desk by 11.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 56,958 shares of the technology company’s stock worth $6,694,000 after purchasing an additional 5,688 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth $87,000. National Pension Service lifted its position in shares of Trade Desk by 104.1% during the 4th quarter. National Pension Service now owns 1,264,985 shares of the technology company’s stock worth $148,674,000 after purchasing an additional 645,240 shares during the last quarter. Advisor OS LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth $428,000. Finally, Lake Street Advisors Group LLC lifted its position in shares of Trade Desk by 9.4% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,231 shares of the technology company’s stock worth $262,000 after purchasing an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,029 shares of company stock valued at $5,004,296. Corporate insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTD shares. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Trade Desk in a research report on Thursday, February 13th. Macquarie lifted their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. JMP Securities cut their price target on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. Truist Financial cut their price target on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Loop Capital cut their price target on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $119.45.

Trade Desk Trading Down 1.7 %

TTD stock opened at $70.31 on Friday. The company has a market cap of $34.70 billion, a P/E ratio of 90.14, a P/E/G ratio of 3.11 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $69.37 and a 52 week high of $141.53. The company’s 50-day moving average price is $110.70 and its 200 day moving average price is $114.44.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, equities research analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.