The Trade Desk, Inc. (NASDAQ:TTD) Holdings Cut by Signaturefd LLC

Signaturefd LLC lowered its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,044 shares of the technology company’s stock after selling 290 shares during the period. Signaturefd LLC’s holdings in Trade Desk were worth $651,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. NBC Securities Inc. bought a new stake in shares of Trade Desk during the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Trade Desk during the third quarter valued at approximately $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Trade Desk during the third quarter valued at approximately $29,000. Level Financial Advisors Inc. raised its holdings in shares of Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of Trade Desk by 56.5% during the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TTD. Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. Truist Financial boosted their target price on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Oppenheimer boosted their target price on Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Susquehanna boosted their target price on Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Finally, Royal Bank of Canada boosted their target price on Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Trade Desk Stock Up 4.1 %

Shares of NASDAQ:TTD opened at $81.07 on Wednesday. The firm has a fifty day moving average of $83.05 and a two-hundred day moving average of $75.63. The firm has a market capitalization of $39.64 billion, a P/E ratio of 225.20, a price-to-earnings-growth ratio of 4.29 and a beta of 1.50. The Trade Desk, Inc. has a 12-month low of $59.36 and a 12-month high of $94.00.

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

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 15,006 shares of Trade Desk stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Samantha Jacobson sold 15,006 shares of Trade Desk stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Laura Schenkein sold 3,391 shares of Trade Desk stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $303,596.23. Following the completion of the sale, the chief financial officer now directly owns 653,366 shares of the company’s stock, valued at approximately $58,495,857.98. The disclosure for this sale can be found here. Insiders sold 492,170 shares of company stock valued at $41,250,398 in the last quarter. Company insiders own 10.18% of the company’s stock.

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.