Gotham Asset Management LLC Buys 5,187 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Gotham Asset Management LLC increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 133.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,061 shares of the technology company’s stock after purchasing an additional 5,187 shares during the quarter. Gotham Asset Management LLC’s holdings in Trade Desk were worth $1,065,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Focus Financial Network Inc. increased its position in shares of Trade Desk by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock valued at $456,000 after purchasing an additional 84 shares during the last quarter. Quotient Wealth Partners LLC increased its position in shares of Trade Desk by 4.2% during the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock valued at $276,000 after purchasing an additional 94 shares during the last quarter. TFB Advisors LLC increased its position in shares of Trade Desk by 2.6% during the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock valued at $442,000 after purchasing an additional 94 shares during the last quarter. Centurion Wealth Management LLC increased its position in shares of Trade Desk by 2.6% during the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company’s stock valued at $443,000 after purchasing an additional 96 shares during the last quarter. Finally, Values First Advisors Inc. grew its position in Trade Desk by 0.9% in the 4th quarter. Values First Advisors Inc. now owns 11,892 shares of the technology company’s stock valued at $1,398,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the transaction, the director now owns 66,985 shares of the company’s stock, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the transaction, the chief executive officer now directly owns 17,018 shares in the company, valued at $1,361,950.54. This trade represents a 61.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $76.31 on Friday. The stock has a market capitalization of $37.86 billion, a PE ratio of 97.83, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The business has a 50 day simple moving average of $56.12 and a 200-day simple moving average of $93.70.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The business’s revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TTD shares. Guggenheim dropped their price objective on Trade Desk from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Benchmark raised Trade Desk from a “sell” rating to a “hold” rating in a report on Friday, March 7th. DA Davidson lowered their price target on Trade Desk from $103.00 to $92.00 and set a “buy” rating for the company in a report on Friday, May 9th. KeyCorp raised their price target on Trade Desk from $67.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Finally, Rosenblatt Securities started coverage on Trade Desk in a report on Tuesday, April 29th. They issued a “buy” rating and a $77.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.88.

Trade Desk 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.