Strategic Financial Concepts LLC Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Strategic Financial Concepts LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,619 shares of the technology company’s stock, valued at approximately $316,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. Baron Wealth Management LLC acquired a new position in Trade Desk in the third quarter worth about $270,000. DAVENPORT & Co LLC increased its holdings in shares of Trade Desk by 28.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 4,005 shares of the technology company’s stock valued at $313,000 after acquiring an additional 886 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Trade Desk by 27.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 219,832 shares of the technology company’s stock valued at $17,180,000 after acquiring an additional 47,641 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in shares of Trade Desk by 40.1% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 19,128 shares of the technology company’s stock valued at $1,495,000 after acquiring an additional 5,479 shares in the last quarter. Finally, Steward Financial Group LLC lifted its stake in Trade Desk by 54.6% during the third quarter. Steward Financial Group LLC now owns 566 shares of the technology company’s stock worth $44,000 after purchasing an additional 200 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Down 2.0 %

NASDAQ TTD traded down $1.65 on Tuesday, reaching $82.85. 2,440,408 shares of the stock traded hands, compared to its average volume of 4,456,404. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00. The company has a market cap of $40.51 billion, a price-to-earnings ratio of 233.31, a P/E/G ratio of 4.67 and a beta of 1.50. The firm’s fifty day simple moving average is $83.38 and its 200 day simple moving average is $75.60.

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

Insider Activity

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the transaction, the insider now owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the sale, the insider now directly owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 2,600 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 974,022 shares of the company’s stock, valued at approximately $84,165,241.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 642,170 shares of company stock worth $53,970,398. Corporate insiders own 10.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TTD shares. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Trade Desk in a report on Thursday, March 21st. BTIG Research increased their price objective on shares of Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Stephens restated an “overweight” rating and issued a $85.00 target price on shares of Trade Desk in a research note on Friday, February 16th. Piper Sandler upped their target price on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, Susquehanna raised their price target on Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.75.

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.