2,788 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,788 shares of the technology company’s stock, valued at approximately $328,000.

Several other institutional investors and hedge funds have also bought and sold shares of TTD. Focus Financial Network Inc. boosted its position in shares of Trade Desk by 2.2% in the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock worth $456,000 after purchasing an additional 84 shares in the last quarter. Summit Trail Advisors LLC raised its stake in Trade Desk by 31.1% in the fourth quarter. Summit Trail Advisors LLC now owns 4,658 shares of the technology company’s stock valued at $547,000 after buying an additional 1,105 shares during the last quarter. Bristlecone Advisors LLC boosted its holdings in Trade Desk by 5.0% in the fourth quarter. Bristlecone Advisors LLC now owns 19,816 shares of the technology company’s stock worth $2,329,000 after acquiring an additional 950 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in shares of Trade Desk by 122.8% during the fourth quarter. Soltis Investment Advisors LLC now owns 7,208 shares of the technology company’s stock worth $847,000 after acquiring an additional 3,973 shares during the last quarter. Finally, 17 Capital Partners LLC increased its holdings in shares of Trade Desk by 3.1% during the fourth quarter. 17 Capital Partners LLC now owns 4,809 shares of the technology company’s stock valued at $565,000 after acquiring an additional 145 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research analyst reports. Susquehanna reissued a “positive” rating and set a $150.00 target price on shares of Trade Desk in a research report on Thursday, November 21st. Evercore ISI lifted their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Citigroup upped their target price on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, Royal Bank of Canada increased their price objective on Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, six have assigned 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.20.

Trade Desk Price Performance

Shares of TTD stock opened at $120.21 on Wednesday. The Trade Desk, Inc. has a 1-year low of $70.71 and a 1-year high of $141.53. The company has a market cap of $59.33 billion, a price-to-earnings ratio of 197.07, a PEG ratio of 3.63 and a beta of 1.45. The stock has a 50 day simple moving average of $123.54 and a 200-day simple moving average of $115.49.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by corporate insiders.

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.