Deane Retirement Strategies Inc. Increases Position in The Trade Desk, Inc. (NASDAQ:TTD)

Deane Retirement Strategies Inc. grew its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 126.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,227 shares of the technology company's stock after buying an additional 14,662 shares during the period. Deane Retirement Strategies Inc.'s holdings in Trade Desk were worth $1,887,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TTD. NBC Securities Inc. purchased a new position in shares of Trade Desk in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Trade Desk during the 3rd quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Trade Desk during the 3rd quarter worth about $29,000. MUFG Americas Holdings Corp acquired a new stake in shares of Trade Desk during the 3rd quarter worth about $30,000. Finally, Ancora Advisors LLC boosted its position in shares of Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company's stock worth $38,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Trading Up 0.2 %

Trade Desk stock traded up $0.21 during mid-day trading on Thursday, reaching $87.42. The company's stock had a trading volume of 3,045,811 shares, compared to its average volume of 5,076,005. The firm has a market cap of $42.74 billion, a price-to-earnings ratio of 242.84, a PEG ratio of 4.80 and a beta of 1.50. The business has a 50 day moving average price of $78.02 and a 200-day moving average price of $75.11. The Trade Desk, Inc. has a twelve month low of $57.17 and a twelve month high of $94.00.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The firm had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. On average, equities analysts expect that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TTD. BTIG Research raised their target price on shares of Trade Desk from $91.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Susquehanna raised their target price on shares of Trade Desk from $75.00 to $110.00 and gave the stock a "positive" rating in a research report on Friday, February 16th. BMO Capital Markets raised their target price on shares of Trade Desk from $88.00 to $107.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. Royal Bank of Canada lifted their price target on shares of Trade Desk from $90.00 to $105.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Finally, Stephens reaffirmed an "overweight" rating and set a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Trade Desk presently has an average rating of "Moderate Buy" and a consensus price target of $89.75.

Insider Activity

In related news, Director Gokul Rajaram sold 2,999 shares of the company's stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total value of $188,217.24. Following the completion of the sale, the director now owns 36,312 shares of the company's stock, valued at $2,278,941.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of the business's stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total value of $188,217.24. Following the sale, the director now directly owns 36,312 shares in the company, valued at $2,278,941.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 2,136 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 426,562 shares of company stock valued at $35,446,258. 10.81% of the stock is currently owned by company insiders.

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.