Gladstone Institutional Advisory LLC Has $421,000 Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Gladstone Institutional Advisory LLC lessened its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,583 shares of the technology company’s stock after selling 664 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Trade Desk were worth $421,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its holdings in shares of Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Trade Desk during the fourth quarter worth approximately $34,000. Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk in the fourth quarter valued at approximately $35,000. Avior Wealth Management LLC boosted its stake in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the period. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTD shares. BTIG Research boosted their price target on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price target on Trade Desk from $142.00 to $101.00 and set an “overweight” rating for the company in a research note on Friday. Robert W. Baird cut their target price on Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday. Truist Financial cut their target price on Trade Desk from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday. Finally, StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.77.

Trade Desk Stock Down 2.1 %

NASDAQ TTD opened at $80.16 on Friday. The company has a market capitalization of $39.56 billion, a price-to-earnings ratio of 131.41, a PEG ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $73.68 and a twelve month high of $141.53. The stock has a fifty day simple moving average of $120.93 and a 200 day simple moving average of $115.22.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. Research analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Trade Desk declared that its board has initiated a share buyback program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated 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. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,029 shares of company stock worth $5,004,296. Company insiders own 9.72% of the company’s stock.

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.