Donoghue Forlines LLC Purchases 10,872 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Donoghue Forlines LLC lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 214.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,932 shares of the technology company’s stock after buying an additional 10,872 shares during the quarter. Donoghue Forlines LLC’s holdings in Trade Desk were worth $1,872,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TTD. CAP Partners LLC boosted its holdings in shares of Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares during the period. RMR Wealth Builders lifted its holdings in shares of Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after buying an additional 89 shares during the period. Allworth Financial LP grew its position in shares of Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after buying an additional 97 shares in the last quarter. Parisi Gray Wealth Management increased its stake in shares of Trade Desk by 2.2% during the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock valued at $533,000 after buying an additional 99 shares during the period. Finally, Avior Wealth Management LLC raised its holdings in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TTD. Morgan Stanley raised their target price on shares of Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. BTIG Research lifted their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a report on Monday, October 7th. UBS Group lifted their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Piper Sandler reissued an “overweight” rating and issued a $140.00 price target (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Trading Down 1.8 %

TTD opened at $118.56 on Thursday. The firm has a 50 day moving average of $125.93 and a two-hundred day moving average of $113.29. The firm has a market capitalization of $58.52 billion, a PE ratio of 195.51, a P/E/G ratio of 3.94 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The business had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. During the same period last year, the business earned $0.08 EPS. As a group, analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.72% of the company’s stock.

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.