Crews Bank & Trust Purchases Shares of 2,050 The Trade Desk, Inc. (NASDAQ:TTD)

Crews Bank & Trust acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,050 shares of the technology company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TTD. Harbor Investment Advisory LLC lifted its position in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares in the last quarter. Synergy Asset Management LLC purchased a new position in shares of Trade Desk in the 4th quarter valued at $34,000. Exchange Traded Concepts LLC acquired a new position in shares of Trade Desk during the 4th quarter valued at $35,000. Avior Wealth Management LLC boosted its position in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. Finally, Quarry LP acquired a new stake in Trade Desk in the 2nd quarter valued at $41,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

NASDAQ:TTD opened at $118.94 on Friday. The firm has a market capitalization of $58.71 billion, a P/E ratio of 194.98, a P/E/G ratio of 3.88 and a beta of 1.45. The business has a 50 day simple moving average of $125.70 and a 200 day simple moving average of $114.05. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Benchmark reaffirmed a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research report on Friday, November 8th. Truist Financial upped their price target on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $85.00 to $115.00 in a research note on Monday, November 25th. DA Davidson upped their target price on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Evercore ISI lifted their price target on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. One investment 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.13.

Insiders Place Their Bets

In related news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 553,982 shares of company stock worth $68,954,147. Insiders own 9.72% of the company’s stock.

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.