SteelPeak Wealth LLC Has $216,000 Stake in The Trade Desk, Inc. (NASDAQ:TTD)

SteelPeak Wealth LLC lessened its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 36.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,836 shares of the technology company’s stock after selling 1,059 shares during the period. SteelPeak Wealth LLC’s holdings in Trade Desk were worth $216,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TTD. Harbor Investment Advisory LLC lifted its position in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after purchasing an additional 117 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Trade Desk in the 4th quarter valued at approximately $35,000. Avior Wealth Management LLC lifted its holdings in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the period. Quarry LP acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTD. Citizens Jmp upgraded Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Robert W. Baird raised their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Benchmark reiterated a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research report on Friday, November 8th. KeyCorp increased their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Finally, Loop Capital lifted their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Price Performance

NASDAQ TTD opened at $118.68 on Friday. The stock has a market capitalization of $58.58 billion, a P/E ratio of 194.56, a P/E/G ratio of 3.88 and a beta of 1.45. The business has a 50 day simple moving average of $125.48 and a 200 day simple moving average of $114.18. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to the consensus estimate of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter in the prior year, the firm earned $0.08 EPS. Equities analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 553,982 shares of company stock valued at $68,954,147 in the last 90 days. 9.72% of the stock is currently owned by corporate insiders.

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.