Osprey Private Wealth LLC Buys Shares of 2,000 The Trade Desk, Inc. (NASDAQ:TTD)

Osprey Private Wealth LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,000 shares of the technology company’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of Trade Desk by 11.9% in the second quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock valued at $2,387,000 after buying an additional 2,593 shares in the last quarter. Algert Global LLC grew its stake in shares of Trade Desk by 22.5% in the second quarter. Algert Global LLC now owns 4,893 shares of the technology company’s stock valued at $478,000 after buying an additional 900 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Trade Desk by 16.1% in the third quarter. GAMMA Investing LLC now owns 2,117 shares of the technology company’s stock valued at $232,000 after buying an additional 293 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Trade Desk by 1.9% in the third quarter. Fulton Bank N.A. now owns 18,841 shares of the technology company’s stock valued at $2,066,000 after buying an additional 348 shares in the last quarter. Finally, Kesler Norman & Wride LLC acquired a new stake in shares of Trade Desk in the third quarter valued at $977,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TTD shares. Morgan Stanley boosted their target price on Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. BMO Capital Markets boosted their target price on Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Citizens Jmp raised Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Benchmark reissued a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Finally, Citigroup boosted their target price on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk Stock Down 3.7 %

TTD opened at $113.54 on Wednesday. The business has a 50 day moving average price of $124.94 and a two-hundred day moving average price of $114.68. The company has a market cap of $56.04 billion, a PE ratio of 186.13, a P/E/G ratio of 3.75 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.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). The company had revenue of $628.02 million for the quarter, compared to analysts’ expectations 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 company earned $0.08 earnings per share. As a group, sell-side analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the company’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 value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last three months, insiders sold 697,967 shares of company stock valued at $86,494,400. Corporate insiders own 9.72% of the company’s stock.

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.