Avitas Wealth Management LLC Purchases 12,050 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Avitas Wealth Management LLC boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 315.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,872 shares of the technology company's stock after acquiring an additional 12,050 shares during the quarter. Avitas Wealth Management LLC's holdings in Trade Desk were worth $1,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in Trade Desk in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Trade Desk during the 3rd quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Trade Desk during the 3rd quarter valued at approximately $29,000. MUFG Americas Holdings Corp purchased a new position in shares of Trade Desk during the 3rd quarter valued at approximately $30,000. Finally, Level Financial Advisors Inc. boosted its stake in shares of Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company's stock valued at $32,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insider Activity

In other news, Director Gokul Rajaram sold 2,999 shares of the firm's stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the transaction, the director now directly owns 36,312 shares of the company's stock, valued at $2,278,941.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jeffrey Terry Green sold 66,007 shares of the firm's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the completion of the transaction, the chief executive officer now owns 1,051,622 shares of the company's stock, valued at $91,890,730.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 2,999 shares of the firm'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 transaction, the director now directly owns 36,312 shares of the company's stock, valued at approximately $2,278,941.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 492,569 shares of company stock valued at $41,213,950. Company insiders own 10.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. KeyCorp increased their target price on Trade Desk from $84.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Wells Fargo & Company increased their target price on Trade Desk from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, January 17th. Oppenheimer increased their target price on Trade Desk from $85.00 to $105.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Royal Bank of Canada increased their target price on Trade Desk from $90.00 to $105.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Finally, Stephens reissued an "overweight" rating and set a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.75.

Trade Desk Stock Up 1.5 %

NASDAQ TTD traded up $1.27 during trading hours on Friday, hitting $85.83. The company had a trading volume of 1,938,765 shares, compared to its average volume of 4,877,631. The Trade Desk, Inc. has a fifty-two week low of $57.17 and a fifty-two week high of $94.00. The business has a fifty day simple moving average of $80.14 and a 200-day simple moving average of $75.19. The firm has a market cap of $41.97 billion, a P/E ratio of 238.42, a price-to-earnings-growth ratio of 4.79 and a beta of 1.50.

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

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.