1,968 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Postrock Partners LLC

Postrock Partners LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,968 shares of the technology company’s stock, valued at approximately $231,000.

Several other hedge funds have also recently modified their holdings of TTD. Rialto Wealth Management LLC purchased a new stake in Trade Desk in the fourth quarter worth $26,000. Harbor Investment Advisory LLC grew its stake in shares of Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares during the period. Midwest Capital Advisors LLC bought a new position in shares of Trade Desk during the 4th quarter worth $34,000. Exchange Traded Concepts LLC purchased a new stake in Trade Desk in the 4th quarter worth about $35,000. Finally, Synergy Asset Management LLC bought a new stake in Trade Desk in the 4th quarter valued at about $34,000. Institutional investors own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction 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 in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock valued at $5,004,296 in the last ninety days. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $53.88 on Friday. The stock has a 50 day moving average price of $100.42 and a 200 day moving average price of $112.21. The firm has a market capitalization of $26.73 billion, a price-to-earnings ratio of 69.08, a PEG ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 52-week low of $53.74 and a 52-week high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share 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%. Analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently issued reports on TTD. Benchmark raised shares of Trade Desk from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup lowered their target price on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Morgan Stanley cut their price target on Trade Desk from $145.00 to $132.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Citizens Jmp raised Trade Desk to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their price target on shares of Trade Desk from $142.00 to $101.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.45.

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.