Oak Thistle LLC Invests $494,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Oak Thistle LLC purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTDFree Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 6,869 shares of the technology company’s stock, valued at approximately $494,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TTD. NBC Securities Inc. acquired a new position in shares of Trade Desk during the third quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Trade Desk during the third quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Trade Desk during the third quarter worth about $29,000. MUFG Americas Holdings Corp purchased a new stake in Trade Desk during the third quarter worth about $30,000. Finally, Ancora Advisors LLC boosted its holdings in Trade Desk by 56.5% during the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after buying an additional 175 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $85.42, for a total transaction of $6,406,500.00. Following the transaction, the chief executive officer now owns 1,117,629 shares of the company’s stock, valued at $95,467,869.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $85.42, for a total transaction of $6,406,500.00. Following the transaction, the chief executive officer now owns 1,117,629 shares of the company’s stock, valued at $95,467,869.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the transaction, the insider now directly owns 52,387 shares in the company, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Insiders have sold a total of 426,562 shares of company stock valued at $35,446,258 over the last quarter. Company insiders own 10.81% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD opened at $86.94 on Thursday. The company has a market capitalization of $42.51 billion, a price-to-earnings ratio of 241.51, a PEG ratio of 4.80 and a beta of 1.50. The company’s 50 day simple moving average is $79.47 and its 200 day simple moving average is $75.09. The Trade Desk, Inc. has a 1 year low of $57.17 and a 1 year high of $94.00.

Trade Desk (NASDAQ:TTDGet Free Report) last announced its quarterly earnings data 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 analysts’ expectations of $582.61 million. Equities analysts expect that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on TTD shares. Wells Fargo & Company boosted their price objective 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. HSBC started coverage on shares of Trade Desk in a report on Monday, December 18th. They set a “buy” rating and a $83.20 price objective on the stock. Stephens reissued an “overweight” rating and set a $85.00 price objective on shares of Trade Desk in a report on Friday, February 16th. Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Trade Desk in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Check Out Our Latest Report on TTD

Trade Desk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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