4,111 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Everpar Advisors LLC

Everpar Advisors LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,111 shares of the technology company’s stock, valued at approximately $296,000.

A number of other hedge funds have also made changes to their positions in TTD. Baron Wealth Management LLC acquired a new stake in shares of Trade Desk during the 3rd quarter worth about $270,000. Raymond James & Associates grew its holdings in Trade Desk by 10.7% during the 3rd quarter. Raymond James & Associates now owns 223,656 shares of the technology company’s stock worth $17,479,000 after acquiring an additional 21,683 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in Trade Desk by 32.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,815 shares of the technology company’s stock worth $454,000 after acquiring an additional 1,416 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Trade Desk during the 3rd quarter worth about $277,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Trade Desk by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,499 shares of the technology company’s stock worth $6,213,000 after acquiring an additional 2,125 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. BTIG Research raised their target price on shares of Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Truist Financial raised their target price on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a research note on Thursday, March 21st. Finally, Piper Sandler raised their target price on shares of Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.38.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the transaction, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The sale was disclosed in a filing with the SEC, which is available through this link. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction 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 transaction, the chief executive officer now directly owns 1,551,987 shares of the company’s stock, valued at $126,905,976.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 642,170 shares of company stock worth $53,970,398. Insiders own 10.18% of the company’s stock.

Trade Desk Trading Down 4.0 %

Shares of NASDAQ TTD traded down $3.62 during midday trading on Wednesday, reaching $86.02. The company’s stock had a trading volume of 6,579,983 shares, compared to its average volume of 4,452,283. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $94.00. The stock has a market capitalization of $42.06 billion, a price-to-earnings ratio of 242.01, a PEG ratio of 4.88 and a beta of 1.50. The stock has a 50 day simple moving average of $83.95 and a 200-day simple moving average of $76.02.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $582.61 million. As a group, equities analysts anticipate that The Trade Desk, Inc. will post 0.79 EPS for the current year.

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.