Tejara Capital Ltd Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

Tejara Capital Ltd acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTDFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,200 shares of the technology company’s stock, valued at approximately $611,000.

Other large investors also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in shares of Trade Desk in the 4th quarter valued at approximately $26,000. Harbor Investment Advisory LLC grew its stake in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the period. Midwest Capital Advisors LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. Exchange Traded Concepts LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $35,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. 67.77% of the stock is currently owned by institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock worth $5,004,296 in the last quarter. Corporate insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TTD shares. Wolfe Research boosted their target price on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Truist Financial reduced their target price on Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Susquehanna reduced their target price on Trade Desk from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday, February 13th. Benchmark raised Trade Desk from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, UBS Group boosted their target price on Trade Desk from $116.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.45.

Read Our Latest Analysis on TTD

Trade Desk Stock Up 4.7 %

TTD opened at $56.50 on Tuesday. The Trade Desk, Inc. has a 12 month low of $53.42 and a 12 month high of $141.53. The company has a fifty day simple moving average of $96.38 and a 200 day simple moving average of $111.25. The stock has a market cap of $28.03 billion, a P/E ratio of 72.44, a P/E/G ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTDGet Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, equities research analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Trade Desk Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk, Inc. (NASDAQ:TTDFree Report).

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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