Evanson Asset Management LLC Buys Shares of 3,822 The Trade Desk, Inc. (NASDAQ:TTD)

Evanson Asset Management LLC bought a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,822 shares of the technology company’s stock, valued at approximately $275,000.

Other hedge funds have also added to or reduced their stakes in the company. 9258 Wealth Management LLC increased its stake in shares of Trade Desk by 2.2% in the 3rd quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock worth $476,000 after purchasing an additional 131 shares in the last quarter. Latitude Advisors LLC increased its stake in shares of Trade Desk by 5.0% in the 3rd quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock worth $220,000 after purchasing an additional 133 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Trade Desk by 8.7% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,875 shares of the technology company’s stock worth $147,000 after purchasing an additional 150 shares in the last quarter. Mutual Advisors LLC increased its stake in shares of Trade Desk by 3.6% in the 4th quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock worth $324,000 after purchasing an additional 156 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of Trade Desk by 6.4% in the 4th quarter. Harbour Investments Inc. now owns 2,704 shares of the technology company’s stock worth $121,000 after purchasing an additional 163 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of TTD stock traded up $0.21 during trading hours on Thursday, hitting $87.42. The company had a trading volume of 3,045,811 shares, compared to its average volume of 5,076,005. The company’s fifty day moving average is $77.57 and its 200 day moving average is $75.03. The Trade Desk, Inc. has a fifty-two week low of $57.17 and a fifty-two week high of $94.00. The stock has a market capitalization of $42.74 billion, a PE ratio of 242.84, a price-to-earnings-growth ratio of 4.80 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last issued 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). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Equities analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on TTD. Truist Financial upped 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. Stephens reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Trade Desk in a report on Friday, February 16th. Wells Fargo & Company raised their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Benchmark raised their target price on shares of Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a research report on Friday, February 16th. Finally, KeyCorp lifted their price objective on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.75.

Insider Buying and Selling

In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total value of $188,217.24. Following the sale, the director now directly owns 36,312 shares of the company’s stock, valued at approximately $2,278,941.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total transaction of $188,217.24. Following the completion of the transaction, the director now directly owns 36,312 shares in the company, valued at $2,278,941.12. The disclosure for this sale can be found here. Insiders have sold a total of 426,562 shares of company stock valued at $35,446,258 in the last ninety days. Company insiders own 10.81% of the company’s stock.

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.