Valeo Financial Advisors LLC Purchases 849 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Valeo Financial Advisors LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,881 shares of the technology company’s stock after acquiring an additional 849 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Trade Desk were worth $495,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Sapient Capital LLC bought a new position in Trade Desk in the fourth quarter worth approximately $469,000. Cerity Partners LLC grew its stake in Trade Desk by 19.3% in the fourth quarter. Cerity Partners LLC now owns 33,294 shares of the technology company’s stock valued at $2,396,000 after purchasing an additional 5,380 shares during the last quarter. Financial Counselors Inc. raised its holdings in Trade Desk by 11.5% in the fourth quarter. Financial Counselors Inc. now owns 69,068 shares of the technology company’s stock worth $4,970,000 after purchasing an additional 7,122 shares in the last quarter. Cherry Creek Investment Advisors Inc. lifted its position in shares of Trade Desk by 0.8% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 23,424 shares of the technology company’s stock valued at $1,686,000 after buying an additional 180 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Trade Desk by 64.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 14,009 shares of the technology company’s stock valued at $1,008,000 after buying an additional 5,474 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $86.37 on Monday. The business’s 50 day moving average price is $81.89 and its 200-day moving average price is $75.55. The Trade Desk, Inc. has a 1 year low of $59.36 and a 1 year high of $94.00. The firm has a market capitalization of $42.23 billion, a price-to-earnings ratio of 239.92, a price-to-earnings-growth ratio of 4.76 and a beta of 1.50.

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

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the sale, the chief executive officer now owns 1,551,987 shares of the company’s stock, valued at $126,905,976.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Trade Desk news, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares in the company, valued at approximately $4,377,981.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk 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 transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 492,569 shares of company stock worth $41,213,950. Corporate insiders own 10.81% of the company’s stock.

Analysts Set New Price Targets

TTD has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on shares of Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Wells Fargo & Company raised their price objective on Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. BMO Capital Markets upped their target price on Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Susquehanna increased their price target on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Finally, Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

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.