The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1,073.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,028 shares of the technology company’s stock after purchasing an additional 2,770 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Trade Desk were worth $265,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Csenge Advisory Group raised its holdings in Trade Desk by 1.8% in the first quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock valued at $688,000 after acquiring an additional 141 shares in the last quarter. Level Financial Advisors Inc. raised its holdings in Trade Desk by 50.0% in 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 in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in Trade Desk by 1.6% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after acquiring an additional 150 shares in the last quarter. Fiduciary Trust Co raised its holdings in Trade Desk by 1.1% in the fourth quarter. Fiduciary Trust Co now owns 13,800 shares of the technology company’s stock valued at $993,000 after acquiring an additional 150 shares in the last quarter. Finally, Cherry Creek Investment Advisors Inc. raised its holdings in Trade Desk by 0.7% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 23,577 shares of the technology company’s stock valued at $2,061,000 after acquiring an additional 153 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a research note on Thursday. Loop Capital boosted their target price on shares of Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Wolfe Research began coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 target price for the company. Finally, Piper Sandler reiterated an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.38.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now directly owns 32,701 shares in the company, valued at approximately $3,216,797.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the transaction, the chief financial officer now owns 703,038 shares in the company, valued at approximately $70,606,106.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the transaction, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. The disclosure for this sale can be found here. Insiders sold a total of 288,909 shares of company stock worth $27,162,851 over the last three months. 10.18% of the stock is currently owned by company insiders.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $90.88 on Friday. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $102.67. The firm has a market cap of $44.45 billion, a PE ratio of 227.21, a price-to-earnings-growth ratio of 4.57 and a beta of 1.48. The business has a fifty day moving average of $96.72 and a 200-day moving average of $85.59.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $491.25 million during the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. On average, analysts anticipate that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

About Trade Desk

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.