Certuity LLC Purchases 638 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Certuity LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,445 shares of the technology company’s stock after purchasing an additional 638 shares during the quarter. Certuity LLC’s holdings in Trade Desk were worth $1,228,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Koshinski Asset Management Inc. acquired a new position in Trade Desk during the 3rd quarter valued at about $213,000. Creative Planning increased its stake in shares of Trade Desk by 10.6% in the 3rd quarter. Creative Planning now owns 129,599 shares of the technology company’s stock valued at $14,211,000 after acquiring an additional 12,384 shares during the last quarter. Swedbank AB increased its stake in Trade Desk by 22.6% during the 3rd quarter. Swedbank AB now owns 288,041 shares of the technology company’s stock worth $31,584,000 after purchasing an additional 53,130 shares in the last quarter. Vontobel Holding Ltd. increased its stake in Trade Desk by 12.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,046 shares of the technology company’s stock worth $1,211,000 after purchasing an additional 1,193 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Trade Desk during the 3rd quarter worth approximately $263,000. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TTD shares. Wells Fargo & Company raised their price target on shares of Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Benchmark reissued a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. Evercore ISI raised their price target on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Scotiabank initiated coverage on Trade Desk in a report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 price target for the company. Finally, Oppenheimer raised their price target on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $133.20.

Trade Desk Stock Performance

Shares of TTD opened at $120.21 on Wednesday. The Trade Desk, Inc. has a 52-week low of $70.71 and a 52-week high of $141.53. The business’s 50 day moving average price is $123.54 and its two-hundred day moving average price is $115.49. The firm has a market cap of $59.33 billion, a PE ratio of 197.07, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45.

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.