6,902 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,902 shares of the technology company’s stock, valued at approximately $497,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Trade Desk by 1.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 54,754 shares of the technology company’s stock worth $3,940,000 after purchasing an additional 736 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Trade Desk by 20.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 33,475 shares of the technology company’s stock worth $2,409,000 after buying an additional 5,742 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in Trade Desk during the fourth quarter worth about $6,204,000. Vanguard Group Inc. boosted its holdings in Trade Desk by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after buying an additional 818,568 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in Trade Desk during the fourth quarter worth about $83,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Up 1.6 %

NASDAQ:TTD opened at $99.25 on Thursday. The firm has a market capitalization of $48.55 billion, a price-to-earnings ratio of 248.13, a price-to-earnings-growth ratio of 5.23 and a beta of 1.49. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $99.54. The stock’s 50 day moving average price is $90.08 and its two-hundred day moving average price is $81.06.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $86.41, for a total value of $224,666.00. Following the transaction, the chief executive officer now directly owns 974,022 shares in the company, valued at $84,165,241.02. The disclosure for this sale can be found here. Insiders have sold 337,312 shares of company stock valued at $29,287,441 in the last 90 days. 10.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TTD has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their target price on Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Wedbush initiated coverage on Trade Desk in a report on Monday. They set an “outperform” rating and a $110.00 target price on the stock. Truist Financial restated a “buy” rating and set a $105.00 target price on shares of Trade Desk in a report on Thursday, May 16th. BTIG Research raised their target price on Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Jefferies Financial Group upgraded Trade Desk from a “hold” rating to a “buy” rating and lifted their price objective for the company from $95.00 to $105.00 in a report on Thursday, May 2nd. 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

Trade Desk Company 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.