Centaurus Financial Inc. Has $189,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Centaurus Financial Inc. lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,623 shares of the technology company’s stock after buying an additional 340 shares during the period. Centaurus Financial Inc.’s holdings in Trade Desk were worth $189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Level Financial Advisors Inc. boosted its position 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 purchasing an additional 150 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Trade Desk by 889.4% during the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the last quarter. Ancora Advisors LLC boosted its position 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 purchasing an additional 175 shares during the last quarter. Anchor Investment Management LLC acquired a new position in Trade Desk during the fourth quarter valued at approximately $42,000. Finally, Blue Trust Inc. boosted its position in Trade Desk by 134.3% during the fourth quarter. Blue Trust Inc. now owns 628 shares of the technology company’s stock valued at $49,000 after purchasing an additional 360 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Trade Desk stock opened at $99.25 on Wednesday. The stock’s fifty day moving average price is $89.83 and its two-hundred day moving average price is $80.93. The firm has a market cap of $48.55 billion, a PE ratio of 248.13, a price-to-earnings-growth ratio of 5.04 and a beta of 1.49. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $99.54.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $491.25 million for the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. Sell-side analysts expect that The Trade Desk, Inc. will post 0.83 earnings per share for the current fiscal year.

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 Thursday, March 21st. The stock was sold at an average price of $84.78, for a total value of $6,358,500.00. Following the sale, the chief executive officer now owns 1,267,629 shares of the company’s stock, valued at approximately $107,469,586.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $84.78, for a total value of $6,358,500.00. Following the sale, the chief executive officer now directly owns 1,267,629 shares in the company, valued at approximately $107,469,586.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 412,312 shares of company stock valued at $35,645,941. 10.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Loop Capital increased their price target on Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Wedbush assumed coverage on Trade Desk in a research report on Monday. They issued an “outperform” rating and a $110.00 price objective for the company. Royal Bank of Canada raised their price objective on Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $108.00 price objective (up from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Finally, Stifel Nicolaus raised their price objective on Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.69.

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.