Livforsakringsbolaget Skandia Omsesidigt Acquires 349 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 58.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 949 shares of the technology company’s stock after acquiring an additional 349 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Trade Desk were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Trade Desk in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC bought a new stake in Trade Desk in the 3rd quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in Trade Desk in the 3rd quarter valued at $29,000. Level Financial Advisors Inc. raised its stake in Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Finally, Ancora Advisors LLC raised its stake in Trade Desk by 56.5% in the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the 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 $12,515,756.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the 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 $12,515,756.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were 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 owns 1,551,987 shares of the company’s stock, valued at $126,905,976.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 492,170 shares of company stock worth $41,250,398. 10.81% of the stock is currently owned by insiders.

Trade Desk Stock Down 4.3 %

NASDAQ:TTD opened at $77.30 on Friday. The stock’s 50-day simple moving average is $82.97 and its 200 day simple moving average is $75.66. The firm has a market capitalization of $37.80 billion, a PE ratio of 214.73, a price-to-earnings-growth ratio of 4.45 and a beta of 1.50. The Trade Desk, Inc. has a twelve month low of $59.36 and a twelve month high of $94.00.

Trade Desk (NASDAQ:TTD) last released 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 business 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%. On average, analysts anticipate that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTD has been the topic of several recent research reports. BTIG Research increased their price objective on Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Seaport Res Ptn reiterated a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Royal Bank of Canada increased their price objective on Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Truist Financial increased their price objective on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, BMO Capital Markets increased their price objective on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research 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 issued a buy rating to the company. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $89.75.

About Trade Desk

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.