Smartleaf Asset Management LLC Purchases 573 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Smartleaf Asset Management LLC raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 26.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,747 shares of the technology company’s stock after acquiring an additional 573 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Trade Desk were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC lifted its stake in shares of Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares in the last quarter. Synergy Asset Management LLC bought a new stake in Trade Desk during the 4th quarter valued at $34,000. Midwest Capital Advisors LLC bought a new stake in Trade Desk during the 4th quarter valued at $34,000. Exchange Traded Concepts LLC purchased a new stake in shares of Trade Desk during the fourth quarter worth $35,000. Finally, Kestra Investment Management LLC bought a new position in shares of Trade Desk in the fourth quarter worth $39,000. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock valued at $5,004,296 in the last quarter. Company insiders own 9.72% of the company’s stock.

Trade Desk Trading Up 0.6 %

NASDAQ TTD opened at $67.60 on Wednesday. The firm has a market cap of $33.54 billion, a PE ratio of 86.67, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $64.56 and a 1-year high of $141.53. The stock has a 50-day moving average of $108.51 and a 200-day moving average of $114.24.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

TTD has been the topic of a number of analyst reports. Loop Capital decreased their price objective on Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Wedbush upped their price target on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 price objective (down previously from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. Finally, Truist Financial lowered their target price on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.45.

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.