10,546 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Generali Investments Management Co LLC

Generali Investments Management Co LLC purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,546 shares of the technology company’s stock, valued at approximately $1,239,000.

A number of other institutional investors have also added to or reduced their stakes in TTD. Rialto Wealth Management LLC purchased a new stake in shares of Trade Desk in the fourth quarter worth approximately $26,000. Harbor Investment Advisory LLC raised its stake in shares of Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after purchasing an additional 117 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Trade Desk in the fourth quarter worth approximately $34,000. Midwest Capital Advisors LLC purchased a new stake in shares of Trade Desk in the fourth quarter worth approximately $34,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Trade Desk in the fourth quarter worth approximately $35,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,029 shares of company stock worth $5,004,296. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $53.59 on Wednesday. The Trade Desk, Inc. has a one year low of $53.39 and a one year high of $141.53. The business has a fifty day moving average price of $95.03 and a 200-day moving average price of $110.89. The firm has a market capitalization of $26.59 billion, a P/E ratio of 68.71, a PEG ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Sell-side analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has authorized a share buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

TTD has been the subject of several analyst reports. Truist Financial lowered their price objective on Trade Desk from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Benchmark raised Trade Desk from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. JMP Securities decreased their price target on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Wedbush increased their price target on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Scotiabank decreased their price target on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.10.

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.