CenterBook Partners LP Makes New $1.46 Million Investment in The Trade Desk, Inc. (NASDAQ:TTD)

CenterBook Partners LP bought a new stake in The Trade Desk, Inc. (NASDAQ:TTDFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 20,219 shares of the technology company’s stock, valued at approximately $1,455,000.

Several other hedge funds have also recently bought and sold shares of the company. Azimuth Capital Investment Management LLC increased its holdings in Trade Desk by 0.3% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 106,909 shares of the technology company’s stock valued at $7,693,000 after buying an additional 364 shares during the period. Stephens Inc. AR lifted its position in shares of Trade Desk by 1.6% in the 4th quarter. Stephens Inc. AR now owns 20,039 shares of the technology company’s stock worth $1,442,000 after purchasing an additional 313 shares during the period. Exencial Wealth Advisors LLC lifted its position in shares of Trade Desk by 7.8% during the 4th quarter. Exencial Wealth Advisors LLC now owns 2,819 shares of the technology company’s stock valued at $203,000 after acquiring an additional 204 shares during the period. Cibc World Markets Corp lifted its position in shares of Trade Desk by 49.0% during the 4th quarter. Cibc World Markets Corp now owns 76,493 shares of the technology company’s stock valued at $5,504,000 after acquiring an additional 25,168 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its holdings in Trade Desk by 49.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 50,282 shares of the technology company’s stock worth $3,618,000 after buying an additional 16,693 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 2,600 shares of Trade Desk stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $86.41, for a total transaction of $224,666.00. Following the completion of the sale, the chief executive officer now owns 974,022 shares of the company’s stock, valued at $84,165,241.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 368,607 shares of company stock valued at $31,477,358 over the last quarter. 10.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TTD has been the subject of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $85.00 target price on shares of Trade Desk in a research note on Friday, February 16th. DA Davidson increased their price target on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $110.00 target price (up from $105.00) on shares of Trade Desk in a research note on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $108.00 target price (up from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Trade Desk in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.01.

Read Our Latest Stock Analysis on TTD

Trade Desk Stock Performance

Shares of TTD traded down $3.02 during mid-day trading on Friday, hitting $94.17. 3,268,800 shares of the stock were exchanged, compared to its average volume of 3,393,522. The firm has a 50-day moving average of $88.52 and a two-hundred day moving average of $79.44. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $98.18. The company has a market cap of $46.06 billion, a PE ratio of 235.43, a price-to-earnings-growth ratio of 5.12 and a beta of 1.49.

Trade Desk (NASDAQ:TTDGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The business had revenue of $491.25 million for the quarter, compared to the consensus estimate of $480.03 million. On average, sell-side analysts predict that The Trade Desk, Inc. will post 0.83 EPS for the current year.

Trade Desk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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