Everpar Advisors LLC Invests $296,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Everpar Advisors LLC purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 4,111 shares of the technology company’s stock, valued at approximately $296,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in Trade Desk in the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in Trade Desk in the 3rd quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new position in Trade Desk in the 3rd quarter worth about $29,000. Level Financial Advisors Inc. boosted its stake in Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Finally, Ancora Advisors LLC boosted its stake in Trade Desk by 56.5% in the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after purchasing an additional 175 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD traded down $3.62 during trading on Wednesday, hitting $86.02. 6,579,983 shares of the stock traded hands, compared to its average volume of 4,452,283. The firm has a market capitalization of $42.06 billion, a P/E ratio of 242.01, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $94.00. The firm has a 50-day moving average of $83.95 and a 200 day moving average of $76.02.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data 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 the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. As a group, equities analysts predict that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Trade Desk news, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction on Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the transaction, the director now owns 242,609 shares in the company, valued at $19,869,677.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 642,170 shares of company stock worth $53,970,398. 10.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on TTD shares. BMO Capital Markets raised their target price on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. BTIG Research lifted their price target on Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Seaport Res Ptn reiterated a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Wells Fargo & Company lifted their price target on Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Finally, Piper Sandler lifted their price target on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.38.

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.