Oak Thistle LLC Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Oak Thistle LLC bought a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,671 shares of the technology company’s stock, valued at approximately $1,489,000.

Other hedge funds have also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its stake in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares during the period. Quarry LP purchased a new stake in Trade Desk in the 2nd quarter worth about $41,000. Brown Lisle Cummings Inc. lifted its stake in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Trade Desk during the 3rd quarter worth approximately $51,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on TTD shares. Robert W. Baird upped their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Needham & Company LLC upped their price target on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Wells Fargo & Company lifted their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday. Scotiabank started coverage on shares of Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. Finally, KeyCorp raised their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Trade Desk Stock Down 1.0 %

Shares of TTD opened at $116.76 on Wednesday. The company has a 50 day moving average of $126.71 and a two-hundred day moving average of $112.27. The company has a market cap of $57.63 billion, a price-to-earnings ratio of 191.41, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,086 shares of company stock valued at $4,654,466 in the last quarter. 9.72% of the stock is currently owned by corporate insiders.

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.