GAMMA Investing LLC Invests $88,000 in The Trade Desk, Inc. (NASDAQ:TTD)

GAMMA Investing LLC bought a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, Holdings Channel reports. The firm bought 1,293 shares of the technology company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TTD. NBC Securities Inc. purchased a new position in Trade Desk during the third quarter valued at $25,000. Catalyst Capital Advisors LLC bought a new stake in Trade Desk during the third quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new stake in Trade Desk during the third quarter valued at about $29,000. Level Financial Advisors Inc. raised its holdings in Trade Desk by 50.0% during the fourth 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 during the period. Finally, Ancora Advisors LLC raised 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 valued at $38,000 after acquiring an additional 175 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Trading Down 0.3 %

TTD opened at $84.50 on Tuesday. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00. The stock has a 50-day moving average of $83.47 and a 200 day moving average of $75.60. The firm has a market cap of $41.32 billion, a P/E ratio of 234.73, a P/E/G ratio of 4.67 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last announced its 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). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The business had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. On average, research analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stephens reissued an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a report on Friday, February 16th. Oppenheimer raised their price target on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Benchmark raised their price target on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating 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, Stifel Nicolaus lifted their target price on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average target price 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 business’s stock in a transaction that occurred 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 in the company, valued at $126,905,976.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the sale, the chief executive officer now 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. Insiders sold 492,170 shares of company stock worth $41,250,398 over the last 90 days. Company insiders own 10.18% of the company’s stock.

About Trade Desk

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.