Duality Advisers LP purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,856 shares of the technology company’s stock, valued at approximately $218,000.
Other institutional investors also recently added to or reduced their stakes in the company. Synovus Financial Corp increased its holdings in shares of Trade Desk by 2.9% in the fourth quarter. Synovus Financial Corp now owns 8,815 shares of the technology company’s stock valued at $395,000 after purchasing an additional 252 shares during the period. Strategic Wealth Advisors Group LLC increased its holdings in shares of Trade Desk by 13.1% in the third quarter. Strategic Wealth Advisors Group LLC now owns 79,062 shares of the technology company’s stock valued at $4,724,000 after purchasing an additional 9,145 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Trade Desk in the third quarter valued at approximately $431,000. Bank of New York Mellon Corp increased its holdings in shares of Trade Desk by 12.8% in the third quarter. Bank of New York Mellon Corp now owns 3,196,798 shares of the technology company’s stock valued at $191,009,000 after purchasing an additional 362,543 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Trade Desk by 3.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 96,362 shares of the technology company’s stock valued at $5,758,000 after purchasing an additional 3,530 shares during the period. Institutional investors and hedge funds own 67.04% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on TTD. Oppenheimer lifted their price target on Trade Desk from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 15th. KeyCorp lifted their price target on Trade Desk from $55.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 16th. Benchmark reiterated a “sell” rating and set a $38.00 target price on shares of Trade Desk in a research report on Wednesday, April 19th. Morgan Stanley boosted their target price on Trade Desk from $50.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 16th. Finally, Vertical Research upgraded Trade Desk from a “neutral” rating to a “positive” rating in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.30.
Trade Desk Stock Up 3.1 %
Trade Desk (NASDAQ:TTD – Get Rating) last posted its earnings results on Wednesday, February 15th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). Trade Desk had a net margin of 3.38% and a return on equity of 2.86%. The business had revenue of $490.74 million during the quarter, compared to analyst estimates of $491.24 million. As a group, sell-side analysts expect that The Trade Desk, Inc. will post 0.46 EPS for the current fiscal year.
Insider Activity at Trade Desk
In other Trade Desk news, CTO David Randall Pickles sold 2,060 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $63.67, for a total transaction of $131,160.20. Following the completion of the transaction, the chief technology officer now directly owns 530,595 shares of the company’s stock, valued at approximately $33,782,983.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Trade Desk news, CTO David Randall Pickles sold 2,060 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $63.67, for a total transaction of $131,160.20. Following the completion of the transaction, the chief technology officer now directly owns 530,595 shares of the company’s stock, valued at approximately $33,782,983.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction 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 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 a total of 962,769 shares of company stock worth $58,223,655 in the last three months. 10.81% of the stock is 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.
Featured Stories
- Get a free copy of the StockNews.com research report on Trade Desk (TTD)
- Is the Electric Vehicle Movement Losing Steam?
- 3 High-Yield Banks Insiders Are BuyingÂ
- Will ChatGPT Be the Final Nail in the Coffin for Chegg?
- Is the Market Reacting Too Negatively to Pinterest Earnings?
- More Analysts Should See Energizer Holdings As A Buy: Here Is Why
Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk, Inc. (NASDAQ:TTD – Get Rating).
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.
