International Assets Investment Management LLC grew its position in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 218.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,136 shares of the technology company’s stock after buying an additional 11,076 shares during the quarter. International Assets Investment Management LLC’s holdings in Trade Desk were worth $723,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First PREMIER Bank purchased a new stake in Trade Desk in the third quarter worth about $26,000. Retirement Financial Solutions LLC purchased a new position in Trade Desk during the 4th quarter valued at about $29,000. Evermay Wealth Management LLC bought a new stake in shares of Trade Desk in the 4th quarter valued at about $30,000. MUFG Americas Holdings Corp purchased a new stake in shares of Trade Desk in the 3rd quarter worth approximately $30,000. Finally, Activest Wealth Management boosted its stake in shares of Trade Desk by 125.2% during the third quarter. Activest Wealth Management now owns 554 shares of the technology company’s stock valued at $33,000 after purchasing an additional 308 shares in the last quarter. Institutional investors own 67.04% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on TTD. Piper Sandler started coverage on Trade Desk in a report on Tuesday, December 20th. They set an “overweight” rating and a $60.00 target price for the company. Stephens raised their price objective on Trade Desk from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. BTIG Research assumed coverage on shares of Trade Desk in a report on Friday, March 3rd. They issued a “neutral” rating for the company. New Street Research assumed coverage on shares of Trade Desk in a research report on Wednesday, January 4th. They set a “neutral” rating and a $43.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $68.00 price objective on shares of Trade Desk in a research note on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $71.30.
Trade Desk Stock Performance
Trade Desk (NASDAQ:TTD – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). Trade Desk had a return on equity of 2.86% and a net margin of 3.38%. The business had revenue of $490.74 million during the quarter, compared to analyst estimates of $491.24 million. Sell-side analysts forecast that The Trade Desk, Inc. will post 0.47 earnings per share for the current year.
Insider Transactions at Trade Desk
In related news, CTO David Randall Pickles sold 477,194 shares of the business’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $60.67, for a total transaction of $28,951,359.98. Following the completion of the transaction, the chief technology officer now directly owns 470,930 shares in the company, valued at $28,571,323.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO David Randall Pickles sold 477,194 shares of Trade Desk stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $60.67, for a total transaction of $28,951,359.98. Following the completion of the transaction, the chief technology officer now directly owns 470,930 shares in the company, valued at $28,571,323.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 2,999 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $59.40, for a total value of $178,140.60. Following the completion of the transaction, the director now directly owns 74,059 shares of the company’s stock, valued at $4,399,104.60. The disclosure for this sale can be found here. Insiders have sold 955,690 shares of company stock worth $57,787,151 over the last 90 days. 10.79% of the stock is currently owned by company insiders.
Trade Desk Company Profile
The Trade Desk, Inc engages in the provision of a technology platform for advertising buyers. It operates through the United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.
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