Paradiem LLC Has $3.39 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Paradiem LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,080 shares of the technology company's stock after selling 10,144 shares during the period. Paradiem LLC's holdings in Trade Desk were worth $3,388,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of Trade Desk during the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Trade Desk during the third quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Trade Desk during the third quarter valued at approximately $29,000. Level Financial Advisors Inc. raised its stake in shares of Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company's stock valued at $32,000 after purchasing an additional 150 shares during the period. Finally, Ancora Advisors LLC raised its stake in shares of Trade Desk by 56.5% during the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company's stock valued at $38,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

Shares of TTD traded up $1.39 during midday trading on Friday, hitting $84.73. 2,944,850 shares of the stock traded hands, compared to its average volume of 2,656,220. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $94.00. The firm has a market capitalization of $41.43 billion, a PE ratio of 235.37, a price-to-earnings-growth ratio of 4.67 and a beta of 1.50. The business's 50 day moving average price is $83.47 and its two-hundred day moving average price is $75.67.

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. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of research analyst reports. Truist Financial lifted their price target on shares of Trade Desk from $80.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Needham & Company LLC restated a "buy" rating and issued a $100.00 price target on shares of Trade Desk in a research note on Thursday, March 21st. Benchmark lifted their price target on shares of Trade Desk from $32.00 to $42.00 and gave the stock a "sell" rating in a research note on Friday, February 16th. BTIG Research lifted their price target on shares of Trade Desk from $91.00 to $98.00 and gave the stock a "buy" rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada lifted their price target on shares of Trade Desk from $90.00 to $105.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Two equities 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.75.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Kathryn E. Falberg sold 103,030 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the transaction, the director now owns 242,609 shares in the company, valued at approximately $19,869,677.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the transaction, the chief executive officer now owns 1,551,987 shares of the company's stock, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Insiders sold 492,170 shares of company stock worth $41,250,398 in the last 90 days. Corporate insiders own 10.18% of the company's stock.

Trade Desk 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.