RB Capital Management LLC Purchases Shares of 4,814 The Trade Desk, Inc. (NASDAQ:TTD)

RB Capital Management LLC purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,814 shares of the technology company's stock, valued at approximately $566,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Castleark Management LLC acquired a new stake in Trade Desk in the 4th quarter valued at $45,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Trade Desk by 4.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,198,972 shares of the technology company's stock valued at $258,445,000 after buying an additional 89,592 shares during the last quarter. Voloridge Investment Management LLC increased its stake in Trade Desk by 43.5% in the 4th quarter. Voloridge Investment Management LLC now owns 898,250 shares of the technology company's stock valued at $105,571,000 after buying an additional 272,416 shares during the last quarter. Waverly Advisors LLC increased its stake in Trade Desk by 167.1% in the 4th quarter. Waverly Advisors LLC now owns 12,156 shares of the technology company's stock valued at $1,429,000 after buying an additional 7,605 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in Trade Desk in the 4th quarter valued at $353,000. Institutional investors own 67.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TTD. Robert W. Baird lowered their price target on shares of Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Oppenheimer lifted their price target on shares of Trade Desk from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. JMP Securities lowered their price target on shares of Trade Desk from $115.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Friday, May 9th. Cantor Fitzgerald lowered their price objective on shares of Trade Desk from $115.00 to $100.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Finally, Evercore ISI lowered shares of Trade Desk from an "outperform" rating to an "inline" rating and lowered their price objective for the stock from $135.00 to $90.00 in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $97.12.

Insider Activity

In other news, Director David B. Wells sold 28,638 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director now directly owns 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the completion of the transaction, the chief executive officer now owns 17,018 shares of the company's stock, valued at $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company's stock.

Trade Desk Trading Down 0.6%

NASDAQ TTD traded down $0.44 during trading on Friday, reaching $73.89. The company's stock had a trading volume of 4,839,436 shares, compared to its average volume of 5,978,858. The firm has a market capitalization of $36.66 billion, a price-to-earnings ratio of 94.73, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The firm has a 50 day moving average price of $58.08 and a 200 day moving average price of $92.35.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The firm had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, equities analysts forecast that The Trade Desk, Inc. will post 1.06 EPS 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 shares. This buyback authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Trade Desk Company 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.