The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Trexquant Investment LP

Trexquant Investment LP increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 71.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,960 shares of the technology company’s stock after buying an additional 64,801 shares during the quarter. Trexquant Investment LP’s holdings in Trade Desk were worth $18,330,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TTD. Lyell Wealth Management LP boosted its position in shares of Trade Desk by 24.3% during the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company’s stock worth $11,558,000 after buying an additional 19,204 shares during the period. Nordea Investment Management AB boosted its position in Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after acquiring an additional 358,350 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Trade Desk by 276.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company’s stock worth $8,255,000 after purchasing an additional 51,603 shares in the last quarter. Independent Solutions Wealth Management LLC grew its stake in shares of Trade Desk by 21.0% in the third quarter. Independent Solutions Wealth Management LLC now owns 64,358 shares of the technology company’s stock worth $7,057,000 after purchasing an additional 11,181 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new position in shares of Trade Desk during the fourth quarter valued at $985,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of Trade Desk 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 transaction, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were 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 owns 704,229 shares of the company’s stock, 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. Corporate insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

TTD has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Trade Desk from $116.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Truist Financial dropped their target price on Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Wolfe Research increased their price target on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Cfra Research raised Trade Desk to a “moderate buy” rating in a research note on Tuesday, March 25th. Finally, Benchmark raised Trade Desk from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $115.41.

Trade Desk Trading Down 2.0 %

Shares of NASDAQ:TTD opened at $54.72 on Tuesday. The firm has a market cap of $27.15 billion, a price-to-earnings ratio of 70.15, a P/E/G ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 1 year low of $52.90 and a 1 year high of $141.53. The business has a fifty day simple moving average of $83.62 and a 200 day simple moving average of $108.07.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, sell-side analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are 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.