64,920 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 64,920 shares of the technology company’s stock, valued at approximately $7,630,000.

A number of other institutional investors also recently bought and sold shares of TTD. Rialto Wealth Management LLC acquired a new stake in Trade Desk during the 4th quarter valued at approximately $26,000. Harbor Investment Advisory LLC lifted its stake in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after acquiring an additional 117 shares during the period. Midwest Capital Advisors LLC acquired a new stake in Trade Desk during the 4th quarter valued at approximately $34,000. Exchange Traded Concepts LLC acquired a new stake in Trade Desk during the 4th quarter valued at approximately $35,000. Finally, Synergy Asset Management LLC acquired a new stake in Trade Desk during the 4th quarter valued at approximately $34,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, 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 filing with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by company insiders.

Trade Desk Trading Up 0.8 %

Shares of TTD opened at $56.31 on Friday. The Trade Desk, Inc. has a 12-month low of $53.39 and a 12-month high of $141.53. The firm has a 50-day moving average price of $91.14 and a 200 day moving average price of $109.79. The firm has a market capitalization of $27.93 billion, a P/E ratio of 72.19, a P/E/G ratio of 3.11 and a beta of 1.63.

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

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Susquehanna decreased their price objective on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, February 13th. Robert W. Baird decreased their target price on shares of Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $110.00 target price (down from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Trade Desk in a research note on Thursday, March 13th. Finally, Royal Bank of Canada decreased their target price on shares of Trade Desk from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.41.

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.