Cwm LLC Increases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Cwm LLC boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 32.0% during the fourth quarter, HoldingsChannel reports. The firm owned 17,211 shares of the technology company’s stock after buying an additional 4,169 shares during the period. Cwm LLC’s holdings in Trade Desk were worth $1,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TTD. NBC Securities Inc. purchased a new stake in Trade Desk in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in Trade Desk in the third quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in Trade Desk in the third quarter valued at approximately $29,000. Level Financial Advisors Inc. raised its stake in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Finally, Ancora Advisors LLC raised its stake in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Up 1.7 %

NASDAQ:TTD opened at $84.73 on Friday. The stock has a market cap of $41.43 billion, a P/E ratio of 235.37, a price-to-earnings-growth ratio of 4.67 and a beta of 1.50. The firm’s fifty day simple moving average is $83.47 and its 200 day simple moving average is $75.73. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. On average, 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 brokerages recently weighed in on TTD. Oppenheimer raised their target price on shares of Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Benchmark increased their price target on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Trade Desk in a research report on Thursday, March 21st. Truist Financial increased their price target on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, KeyCorp increased their price target on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the transaction, the chief executive officer now owns 1,551,987 shares of the company’s stock, valued at $126,905,976.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $81.90, for a total value of $8,438,157.00. Following the completion of the transaction, the director now owns 242,609 shares of the company’s stock, valued at approximately $19,869,677.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the transaction, the chief executive officer now directly owns 1,551,987 shares of the company’s stock, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 492,170 shares of company stock valued at $41,250,398. 10.18% of the stock is currently owned by company insiders.

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.