Perigon Wealth Management LLC Increases Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Perigon Wealth Management LLC increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 21.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,581 shares of the technology company’s stock after acquiring an additional 992 shares during the period. Perigon Wealth Management LLC’s holdings in Trade Desk were worth $674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ithaka Group LLC increased its stake in Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after buying an additional 4,836 shares during the period. Venture Visionary Partners LLC raised its stake in shares of Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Trade Desk by 36.2% in the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after purchasing an additional 358,350 shares during the period. Assetmark Inc. grew its stake in Trade Desk by 2,461.2% in the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after purchasing an additional 70,687 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after purchasing an additional 4,500 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now directly 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 have sold a total of 553,982 shares of company stock valued at $68,954,147 over the last 90 days. 9.72% of the stock is currently owned by insiders.

Trade Desk Stock Performance

NASDAQ TTD opened at $118.68 on Friday. The stock has a market capitalization of $58.58 billion, a price-to-earnings ratio of 194.56, a PEG ratio of 3.88 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $66.56 and a 52 week high of $141.53. The stock’s 50 day moving average price is $125.48 and its two-hundred day moving average price is $114.18.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same period in the prior year, the firm posted $0.08 EPS. On average, equities research analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and increased their target price for the stock from $85.00 to $115.00 in a report on Monday, November 25th. UBS Group increased their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. BTIG Research boosted their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their target price on Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Morgan Stanley lifted their target price on Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.13.

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.