Evanson Asset Management LLC Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

Evanson Asset Management LLC acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,822 shares of the technology company’s stock, valued at approximately $275,000.

A number of other large investors have also made changes to their positions in the stock. Deane Retirement Strategies Inc. boosted its stake in Trade Desk by 126.8% in the 4th quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company’s stock valued at $1,887,000 after buying an additional 14,662 shares in the last quarter. Jacobs & Co. CA boosted its stake in Trade Desk by 5.8% in the 4th quarter. Jacobs & Co. CA now owns 3,175 shares of the technology company’s stock valued at $228,000 after buying an additional 175 shares in the last quarter. ARK Investment Management LLC boosted its stake in Trade Desk by 1,162.0% in the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after buying an additional 1,979,319 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Trade Desk by 11.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 99,555 shares of the technology company’s stock worth $7,164,000 after purchasing an additional 10,455 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in Trade Desk in the fourth quarter worth $215,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 2,999 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the sale, the director now owns 36,312 shares of the company’s stock, valued at approximately $2,278,941.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Gokul Rajaram sold 2,999 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the sale, the director now owns 36,312 shares of the company’s stock, valued at approximately $2,278,941.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $81.90, for a total value of $8,438,157.00. Following the transaction, the director now directly owns 242,609 shares in the company, valued at $19,869,677.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 426,562 shares of company stock valued at $35,446,258. 10.81% of the stock is currently owned by corporate insiders.

Trade Desk Stock Up 0.2 %

Shares of TTD stock traded up $0.21 during trading hours on Thursday, reaching $87.42. The company’s stock had a trading volume of 3,045,811 shares, compared to its average volume of 5,076,005. The firm’s 50 day simple moving average is $77.57 and its 200-day simple moving average is $75.03. The company has a market capitalization of $42.74 billion, a price-to-earnings ratio of 242.84, a PEG ratio of 4.80 and a beta of 1.50. The Trade Desk, Inc. has a fifty-two week low of $57.17 and a fifty-two week high of $94.00.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The business had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. Sell-side analysts predict that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TTD. Stifel Nicolaus boosted their target price on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. BMO Capital Markets boosted their target price on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Benchmark upped their price objective on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a report on Friday, February 16th. Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Finally, Stephens reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Trade Desk in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

About Trade Desk

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.