Strs Ohio Has $37.78 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Strs Ohio raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,948 shares of the technology company's stock after buying an additional 51,064 shares during the period. Strs Ohio owned 0.11% of Trade Desk worth $37,775,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTD. 9258 Wealth Management LLC boosted its holdings in shares of Trade Desk by 2.2% during the 3rd quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company's stock worth $476,000 after buying an additional 131 shares during the period. Latitude Advisors LLC boosted its holdings in Trade Desk by 5.0% during the third quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company's stock valued at $220,000 after acquiring an additional 133 shares during the period. Newbridge Financial Services Group Inc. grew its position in shares of Trade Desk by 8.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,875 shares of the technology company's stock valued at $147,000 after purchasing an additional 150 shares during the last quarter. Level Financial Advisors Inc. increased its stake in shares of Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company's stock worth $32,000 after purchasing an additional 150 shares during the period. Finally, Mutual Advisors LLC lifted its position in shares of Trade Desk by 3.6% during the 4th quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company's stock worth $324,000 after purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. Susquehanna upped their price target on Trade Desk from $75.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, February 16th. Wells Fargo & Company increased their price target on shares of Trade Desk from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, January 17th. Stephens restated an "overweight" rating and set a $85.00 price objective on shares of Trade Desk in a report on Friday, February 16th. Benchmark increased their target price on shares of Trade Desk from $32.00 to $42.00 and gave the company a "sell" rating in a research note on Friday, February 16th. Finally, Oppenheimer boosted their price target on Trade Desk from $85.00 to $105.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.75.

Insider Activity

In other news, insider Samantha Jacobson sold 15,006 shares of Trade Desk stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares of the company's stock, valued at approximately $4,377,981.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Trade Desk news, insider Samantha Jacobson sold 15,006 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the transaction, the insider now directly owns 52,387 shares in the company, valued at approximately $4,377,981.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $188,217.24. Following the completion of the transaction, the director now directly owns 36,312 shares in the company, valued at approximately $2,278,941.12. The disclosure for this sale can be found here. Insiders have sold 492,569 shares of company stock valued at $41,213,950 over the last three months. 10.81% of the stock is owned by insiders.

Trade Desk Price Performance

Shares of TTD stock traded down $5.38 during trading hours on Monday, hitting $80.99. 3,831,761 shares of the company's stock were exchanged, compared to its average volume of 4,672,208. The Trade Desk, Inc. has a 52 week low of $59.36 and a 52 week high of $94.00. The stock has a market cap of $39.60 billion, a price-to-earnings ratio of 224.97, a price-to-earnings-growth ratio of 4.76 and a beta of 1.50. The stock's 50-day moving average is $82.16 and its 200-day moving average is $75.57.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. Equities research analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

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.