Sargent Investment Group LLC Buys 175 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Sargent Investment Group LLC lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,630 shares of the technology company’s stock after purchasing an additional 175 shares during the period. Sargent Investment Group LLC’s holdings in Trade Desk were worth $1,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ithaka Group LLC raised its stake in shares of Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after purchasing an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC raised its stake in Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares during the period. Nordea Investment Management AB raised its stake in Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after acquiring an additional 358,350 shares during the period. Assetmark Inc. raised its stake in Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after acquiring an additional 70,687 shares during the period. Finally, Swiss National Bank raised its stake in Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after acquiring an additional 4,500 shares during the period. Institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TTD. Scotiabank began coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price target on the stock. Wells Fargo & Company increased their price target on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Susquehanna reaffirmed a “positive” rating and issued a $150.00 price objective on shares of Trade Desk in a report on Thursday, November 21st. Loop Capital upped their price objective on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price objective (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Price Performance

TTD opened at $113.54 on Wednesday. The stock’s 50 day simple moving average is $124.94 and its 200 day simple moving average is $114.68. The Trade Desk, Inc. has a 1 year low of $66.56 and a 1 year high of $141.53. The firm has a market cap of $56.04 billion, a price-to-earnings ratio of 186.13, a PEG ratio of 3.75 and a beta of 1.45.

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). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The business had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. During the same quarter last year, the business posted $0.08 EPS. As a group, sell-side analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 697,967 shares of company stock worth $86,494,400 in the last quarter. 9.72% of the stock is owned by company insiders.

Trade Desk Company 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.