The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 78.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,053 shares of the technology company’s stock after purchasing an additional 2,660 shares during the period. Atomi Financial Group Inc.’s holdings in Trade Desk were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Ithaka Group LLC grew its stake in Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after acquiring an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC grew its stake in Trade Desk by 33.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares in the last quarter. Nordea Investment Management AB grew its stake in Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after acquiring an additional 358,350 shares in the last quarter. Assetmark Inc. grew its stake in Trade Desk by 2,461.2% during the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after acquiring an additional 70,687 shares in the last quarter. Finally, Swiss National Bank grew its stake in Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 549,684 shares of company stock valued at $68,444,576 in the last ninety days. Insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 1.3 %

Shares of TTD opened at $119.14 on Friday. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53. The firm’s fifty day simple moving average is $125.80 and its 200-day simple moving average is $113.33. The firm has a market capitalization of $58.80 billion, a price-to-earnings ratio of 195.31, a PEG ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same period last year, the business earned $0.08 earnings per share. On average, analysts predict that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTD has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Morgan Stanley increased their price target on shares of Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. JMP Securities initiated coverage on shares of Trade Desk in a research note on Tuesday. They issued a “mkt outperform” rating and a $150.00 price target for the company. Finally, Needham & Company LLC increased their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

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.