1,187 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,187 shares of the technology company’s stock, valued at approximately $85,000.

A number of other large investors have also recently added to or reduced their stakes in TTD. NBC Securities Inc. bought a new stake in Trade Desk during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Trade Desk in the 3rd quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Trade Desk in the 3rd quarter valued at approximately $29,000. Level Financial Advisors Inc. lifted its position in shares of Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in shares of Trade Desk by 56.5% in the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after acquiring an additional 175 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a research report on Thursday, March 21st. Oppenheimer increased their target price on shares of Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. BTIG Research increased their target price on shares of Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, KeyCorp increased their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 15,006 shares of the firm’s 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 sale, the insider now directly owns 52,387 shares in the company, valued at approximately $4,377,981.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trade Desk news, insider Samantha Jacobson sold 15,006 shares of the firm’s 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 sale, the insider now directly owns 52,387 shares in the company, valued at approximately $4,377,981.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 3,391 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $303,596.23. Following the transaction, the chief financial officer now directly owns 653,366 shares of the company’s stock, valued at $58,495,857.98. The disclosure for this sale can be found here. Insiders have sold 492,170 shares of company stock worth $41,250,398 in the last ninety days. Insiders own 10.18% of the company’s stock.

Trade Desk Trading Up 0.7 %

NASDAQ:TTD opened at $77.84 on Tuesday. The firm has a market capitalization of $38.06 billion, a PE ratio of 216.23, a PEG ratio of 4.26 and a beta of 1.50. The firm’s fifty day simple moving average is $83.05 and its 200 day simple moving average is $75.63. The Trade Desk, Inc. has a 1 year low of $59.36 and a 1 year high of $94.00.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results 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). The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

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.