Semanteon Capital Management LP Buys 306 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Semanteon Capital Management LP increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,522 shares of the technology company’s stock after acquiring an additional 306 shares during the period. Semanteon Capital Management LP’s holdings in Trade Desk were worth $884,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in shares of Trade Desk in the fourth quarter valued at $26,000. Harbor Investment Advisory LLC lifted its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the last quarter. Synergy Asset Management LLC bought a new position in Trade Desk during the fourth quarter worth about $34,000. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at approximately $34,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Trade Desk during the 4th quarter worth approximately $35,000. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research reports. Morgan Stanley decreased their price objective on shares of Trade Desk from $145.00 to $132.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Wedbush upped their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Citigroup cut their price objective on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Loop Capital dropped their price target on Trade Desk from $145.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Cantor Fitzgerald lowered their price objective on Trade Desk from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $116.41.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $55.85 on Friday. The firm has a 50 day simple moving average of $92.39 and a 200 day simple moving average of $110.12. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 71.60, a PEG ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a one year low of $53.39 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. As a group, analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,029 shares of company stock worth $5,004,296. 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.