The Trade Desk, Inc. (NASDAQ:TTD) Position Raised by Juncture Wealth Strategies LLC

Juncture Wealth Strategies LLC grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,639 shares of the technology company’s stock after purchasing an additional 143 shares during the period. Juncture Wealth Strategies LLC’s holdings in Trade Desk were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Linden Thomas Advisory Services LLC raised its holdings in Trade Desk by 6.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 24,394 shares of the technology company’s stock worth $2,867,000 after buying an additional 1,479 shares during the period. Geneos Wealth Management Inc. increased its stake in Trade Desk by 16.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 35,214 shares of the technology company’s stock valued at $4,139,000 after buying an additional 5,056 shares during the period. Fifth Third Bancorp lifted its position in Trade Desk by 86.6% in the 4th quarter. Fifth Third Bancorp now owns 31,534 shares of the technology company’s stock worth $3,706,000 after buying an additional 14,635 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Trade Desk during the 4th quarter valued at $63,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Trade Desk during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 512,953 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $124.67, for a total value of $63,949,850.51. Following the completion of the sale, the chief executive officer now directly owns 243,476 shares in the company, valued at approximately $30,354,152.92. This trade represents a 67.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 549,684 shares of company stock worth $68,444,576 in the last quarter. 9.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TTD shares. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Citigroup raised their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wedbush boosted their price target on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Robert W. Baird raised their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $133.13.

Trade Desk Trading Up 0.7 %

Shares of NASDAQ:TTD opened at $119.96 on Friday. The firm has a market capitalization of $59.21 billion, a PE ratio of 196.66, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53. The business’s 50 day moving average is $125.84 and its 200-day moving average is $113.56.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to the consensus estimate of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter in the prior year, the company posted $0.08 earnings per share. On average, sell-side analysts predict that The Trade Desk, Inc. will post 0.87 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.