Vestmark Advisory Solutions Inc. Boosts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Vestmark Advisory Solutions Inc. grew its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 195.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,803 shares of the technology company’s stock after purchasing an additional 46,865 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Trade Desk were worth $5,095,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. California Public Employees Retirement System grew its stake in shares of Trade Desk by 1.4% during the third quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company’s stock valued at $63,185,000 after buying an additional 11,356 shares during the last quarter. Nordea Investment Management AB increased its stake in Trade Desk by 31.7% in the 4th quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock worth $44,226,000 after purchasing an additional 147,717 shares during the period. Raymond James & Associates lifted its position in Trade Desk by 12.8% in the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after purchasing an additional 28,714 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Trade Desk by 30.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock valued at $21,078,000 after purchasing an additional 67,520 shares during the period. Finally, Deane Retirement Strategies Inc. grew its holdings in shares of Trade Desk by 126.8% in the fourth quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company’s stock worth $1,887,000 after purchasing an additional 14,662 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the sale, the chief executive officer now owns 824,022 shares of the company’s stock, valued at $69,605,138.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares in the company, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Insiders sold 642,170 shares of company stock worth $53,970,398 over the last three months. 10.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TTD has been the subject of several analyst reports. Susquehanna increased their price target on shares of Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, February 16th. Piper Sandler raised their target price on Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. BTIG Research increased their price objective on Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a report on Thursday, March 21st. Finally, KeyCorp lifted their price target on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $90.38.

Trade Desk Trading Up 0.5 %

TTD stock traded up $0.47 during midday trading on Friday, hitting $88.59. The company’s stock had a trading volume of 3,778,002 shares, compared to its average volume of 2,871,066. The company has a market cap of $43.32 billion, a PE ratio of 246.09, a P/E/G ratio of 4.86 and a beta of 1.50. The firm’s 50-day moving average is $83.69 and its 200-day moving average is $75.83. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The business had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. Analysts expect that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

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.