PFG Investments LLC Takes $467,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

PFG Investments LLC acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 5,340 shares of the technology company’s stock, valued at approximately $467,000.

Other large investors have also recently made changes to their positions in the company. California Public Employees Retirement System raised its holdings in shares of Trade Desk by 1.4% during the 3rd quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company’s stock worth $63,185,000 after acquiring an additional 11,356 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Trade Desk by 31.7% during the 4th quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock worth $44,226,000 after acquiring an additional 147,717 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Trade Desk by 12.8% during the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock worth $18,161,000 after acquiring an additional 28,714 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Trade Desk by 30.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock worth $21,078,000 after acquiring an additional 67,520 shares in the last quarter. Finally, Deane Retirement Strategies Inc. raised its holdings in shares of Trade Desk by 126.8% during the 4th quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company’s stock worth $1,887,000 after acquiring an additional 14,662 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTD has been the topic of several recent research reports. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. Piper Sandler increased their price target on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Truist Financial increased their price target on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Stephens restated an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a report on Friday, February 16th. Finally, Stifel Nicolaus increased their price target on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the transaction, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, 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 transaction of $191,236.08. Following 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 filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The disclosure for this sale can be found here. Insiders sold a total of 642,170 shares of company stock worth $53,970,398 over the last three months. 10.18% of the stock is currently owned by insiders.

Trade Desk Trading Down 2.0 %

Shares of TTD traded down $1.65 during midday trading on Tuesday, reaching $82.85. 2,440,408 shares of the stock were exchanged, compared to its average volume of 4,456,404. The company’s 50 day moving average is $83.38 and its two-hundred day moving average is $75.60. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $94.00. The company has a market capitalization of $40.51 billion, a P/E ratio of 233.31, a PEG ratio of 4.67 and a beta of 1.50.

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