The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Amalgamated Bank

Amalgamated Bank lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 47,191 shares of the technology company’s stock after acquiring an additional 939 shares during the quarter. Amalgamated Bank’s holdings in Trade Desk were worth $3,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. 9258 Wealth Management LLC raised its position in shares of Trade Desk by 2.2% in the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock worth $476,000 after acquiring an additional 131 shares during the period. Latitude Advisors LLC raised its stake in shares of Trade Desk by 5.0% during the 3rd quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock worth $220,000 after buying an additional 133 shares during the period. Level Financial Advisors Inc. lifted its position in shares of Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Mutual Advisors LLC grew its stake in Trade Desk by 3.6% in the 4th quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock valued at $324,000 after acquiring an additional 156 shares during the period. Finally, Choreo LLC increased its holdings in Trade Desk by 2.2% in the 4th quarter. Choreo LLC now owns 7,491 shares of the technology company’s stock worth $539,000 after acquiring an additional 158 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 3.1 %

NASDAQ:TTD opened at $88.67 on Friday. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $94.00. The stock’s fifty day moving average is $84.04 and its two-hundred day moving average is $76.17. The stock has a market capitalization of $43.35 billion, a price-to-earnings ratio of 246.31, a price-to-earnings-growth ratio of 4.88 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 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Citigroup raised their price target on shares of Trade Desk from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday. Truist Financial boosted their price objective on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. BTIG Research lifted their price target on Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Stephens reiterated an “overweight” rating and issued a $85.00 target price on shares of Trade Desk 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.72.

Insider Buying and Selling

In other news, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction on Tuesday, February 20th. The stock was 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 $4,377,981.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now directly owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The disclosure for this sale can be found here. Insiders have sold a total of 642,170 shares of company stock valued at $53,970,398 in the last ninety days. Company insiders own 10.18% of the company’s stock.

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.