The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Oarsman Capital Inc.

Oarsman Capital Inc. lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 93.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,766 shares of the technology company’s stock after buying an additional 853 shares during the period. Oarsman Capital Inc.’s holdings in Trade Desk were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Trade Desk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company’s stock valued at $5,015,035,000 after purchasing an additional 253,137 shares during the period. Norges Bank purchased a new stake in shares of Trade Desk in the 4th quarter valued at $524,187,000. Bank of New York Mellon Corp boosted its holdings in Trade Desk by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,019,707 shares of the technology company’s stock valued at $237,376,000 after acquiring an additional 5,080 shares during the period. Raymond James Financial Inc. acquired a new position in Trade Desk in the 4th quarter valued at about $231,570,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Trade Desk by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,875,139 shares of the technology company’s stock worth $220,385,000 after purchasing an additional 95,489 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was 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 in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TTD shares. Citigroup reduced their target price on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $110.00 target price (down from $140.00) on shares of Trade Desk in a report on Thursday, February 13th. Jefferies Financial Group lowered their target price on Trade Desk from $120.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday. Benchmark raised Trade Desk from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Morgan Stanley lowered their price objective on Trade Desk from $145.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.38.

Trade Desk Stock Performance

TTD stock opened at $46.24 on Friday. The stock has a market capitalization of $22.94 billion, a PE ratio of 59.28, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The company has a fifty day moving average of $78.11 and a 200-day moving average of $106.55. The Trade Desk, Inc. has a one year low of $45.02 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Equities 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 share repurchase program on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.