DekaBank Deutsche Girozentrale boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 51.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,823 shares of the technology company’s stock after purchasing an additional 24,083 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Trade Desk were worth $3,174,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. First PREMIER Bank acquired a new position in Trade Desk during the third quarter worth $26,000. MUFG Americas Holdings Corp acquired a new position in shares of Trade Desk during the 3rd quarter worth about $30,000. Activest Wealth Management grew its holdings in shares of Trade Desk by 125.2% in the 3rd quarter. Activest Wealth Management now owns 554 shares of the technology company’s stock valued at $33,000 after acquiring an additional 308 shares in the last quarter. BDO Wealth Advisors LLC increased its position in shares of Trade Desk by 250.0% in the third quarter. BDO Wealth Advisors LLC now owns 567 shares of the technology company’s stock valued at $34,000 after acquiring an additional 405 shares during the last quarter. Finally, CI Investments Inc. raised its holdings in Trade Desk by 1,003.8% during the third quarter. CI Investments Inc. now owns 585 shares of the technology company’s stock worth $35,000 after acquiring an additional 532 shares in the last quarter. Institutional investors and hedge funds own 67.04% of the company’s stock.
Wall Street Analysts Forecast Growth
TTD has been the topic of several recent analyst reports. DA Davidson boosted their price target on Trade Desk from $56.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Credit Suisse Group increased their price target on shares of Trade Desk from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Benchmark lowered shares of Trade Desk from a “hold” rating to a “sell” rating and set a $38.00 price objective on the stock. in a research note on Thursday, March 9th. Citigroup raised their target price on shares of Trade Desk from $60.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Finally, Vertical Research downgraded Trade Desk from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 24th. One investment 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, the company currently has an average rating of “Moderate Buy” and an average target price of $71.30.
Trade Desk Stock Down 0.8 %
Trade Desk (NASDAQ:TTD – Get Rating) last released its quarterly earnings data 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). The business had revenue of $490.74 million during the quarter, compared to analyst estimates of $491.24 million. Trade Desk had a net margin of 3.38% and a return on equity of 2.86%. Equities analysts predict that The Trade Desk, Inc. will post 0.46 EPS for the current year.
Insider Buying and Selling at Trade Desk
In other news, CTO David Randall Pickles sold 477,194 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO David Randall Pickles sold 477,194 shares of the business’s stock in a transaction dated 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 sale, 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 2,999 shares of the firm’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 transaction of $178,140.60. Following the completion of the transaction, the director now owns 74,059 shares of the company’s stock, valued at approximately $4,399,104.60. The disclosure for this sale can be found here. Insiders have sold 957,710 shares of company stock worth $57,909,765 over the last quarter. Corporate insiders own 10.79% of the company’s stock.
About Trade Desk
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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