Pittenger & Anderson Inc. Boosts Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Pittenger & Anderson Inc. grew its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1,397.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,770 shares of the technology company’s stock after purchasing an additional 2,585 shares during the period. Pittenger & Anderson Inc.’s holdings in Trade Desk were worth $199,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in Trade Desk in the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Trade Desk during the third quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Trade Desk during the third quarter valued at $29,000. Level Financial Advisors Inc. boosted its holdings in shares of Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Finally, Ancora Advisors LLC boosted its holdings in shares of Trade Desk by 56.5% during the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of a number of recent analyst reports. Benchmark lifted their price objective on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research note on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Trade Desk in a research note on Thursday, March 21st. Oppenheimer upped their target price on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Susquehanna upped their target price on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a report on Friday, February 16th. Finally, Piper Sandler upped their target price on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $86.41, for a total transaction of $224,666.00. Following the transaction, the chief executive officer now directly owns 974,022 shares of the company’s stock, valued at approximately $84,165,241.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $86.41, for a total value of $224,666.00. Following the completion of the sale, the chief executive officer now owns 974,022 shares of the company’s stock, valued at $84,165,241.02. The disclosure for this sale can be found here. Insiders have sold 492,170 shares of company stock valued at $41,250,398 in the last 90 days. 10.18% of the stock is currently owned by insiders.

Trade Desk Stock Performance

NASDAQ TTD traded down $0.45 during trading on Thursday, hitting $83.34. The stock had a trading volume of 4,060,203 shares, compared to its average volume of 4,532,280. The company has a market capitalization of $40.75 billion, a PE ratio of 230.92, a P/E/G ratio of 4.47 and a beta of 1.50. The company’s 50-day moving average price is $83.40 and its two-hundred day moving average price is $75.68. The Trade Desk, Inc. has a 12 month low of $59.98 and a 12 month high of $94.00.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $605.80 million for the quarter, compared to analyst estimates 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 anticipate that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Trade Desk 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.