The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC raised its position in The Trade Desk, Inc. (NASDAQ:TTD) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,834 shares of the technology company’s stock after buying an additional 200 shares during the period. Prosperity Consulting Group LLC’s holdings in Trade Desk were worth $921,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisory Resource Group grew its stake in Trade Desk by 1.0% during the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 101 shares in the last quarter. Anchor Investment Management LLC grew its position in shares of Trade Desk by 357.9% in the third quarter. Anchor Investment Management LLC now owns 870 shares of the technology company’s stock valued at $95,000 after purchasing an additional 680 shares in the last quarter. World Investment Advisors LLC increased its holdings in shares of Trade Desk by 10.0% in the third quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company’s stock valued at $970,000 after purchasing an additional 803 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trade Desk in the third quarter valued at approximately $1,194,000. Finally, Synovus Financial Corp purchased a new position in Trade Desk during the third quarter worth approximately $245,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction 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 owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

TTD has been the subject of a number of recent research reports. Loop Capital cut their target price on Trade Desk from $145.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. UBS Group cut their price objective on shares of Trade Desk from $116.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Benchmark upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group cut their price target on shares of Trade Desk from $120.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus reduced their price target on shares of Trade Desk from $122.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $101.34.

Trade Desk Trading Up 1.3 %

Trade Desk stock opened at $53.97 on Monday. The firm has a market capitalization of $26.77 billion, a P/E ratio of 69.19, a P/E/G ratio of 3.11 and a beta of 1.56. The stock’s fifty day simple moving average is $57.70 and its 200-day simple moving average is $99.27. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last announced 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%. Sell-side analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has initiated a stock buyback program on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.