Cerity Partners LLC Raises Position in The Trade Desk, Inc. (NASDAQ:TTD)

Cerity Partners LLC lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,294 shares of the technology company’s stock after buying an additional 5,380 shares during the quarter. Cerity Partners LLC’s holdings in Trade Desk were worth $2,396,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AE Wealth Management LLC lifted its position in shares of Trade Desk by 0.5% during the third quarter. AE Wealth Management LLC now owns 85,055 shares of the technology company’s stock worth $6,647,000 after purchasing an additional 403 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Trade Desk by 1.4% in the 3rd quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company’s stock valued at $63,185,000 after acquiring an additional 11,356 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Trade Desk by 31.7% during the 4th quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock valued at $44,226,000 after acquiring an additional 147,717 shares in the last quarter. Raymond James & Associates raised its position in shares of Trade Desk by 12.8% during the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after acquiring an additional 28,714 shares in the last quarter. Finally, Riverbridge Partners LLC lifted its stake in Trade Desk by 14,112.7% during the third quarter. Riverbridge Partners LLC now owns 479,962 shares of the technology company’s stock worth $37,509,000 after purchasing an additional 476,585 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Jeffrey Terry Green sold 2,600 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $86.41, for a total transaction of $224,666.00. Following the completion of the sale, the chief executive officer now directly owns 974,022 shares of the company’s stock, valued at $84,165,241.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares in the company, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Insiders have sold a total of 492,170 shares of company stock valued at $41,250,398 over the last three months. Company insiders own 10.81% of the company’s stock.

Trade Desk Price Performance

NASDAQ TTD opened at $80.81 on Friday. The Trade Desk, Inc. has a 12 month low of $59.36 and a 12 month high of $94.00. The firm has a market capitalization of $39.51 billion, a PE ratio of 224.48, a P/E/G ratio of 4.42 and a beta of 1.50. The company’s 50 day simple moving average is $82.85 and its 200 day simple moving average is $75.67.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The firm had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. Sell-side analysts anticipate that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of research reports. Stephens reissued an “overweight” rating and set a $85.00 target price on shares of Trade Desk in a report on Friday, February 16th. BMO Capital Markets increased their price objective on shares of Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Wells Fargo & Company raised their target price on shares of Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Piper Sandler upped their target price on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, Susquehanna increased their price target on Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

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.