Vestmark Advisory Solutions Inc. Buys 46,865 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Vestmark Advisory Solutions Inc. grew its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 195.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,803 shares of the technology company's stock after buying an additional 46,865 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Trade Desk were worth $5,095,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TTD. Baron Wealth Management LLC acquired a new stake in Trade Desk during the 3rd quarter worth $270,000. Robeco Institutional Asset Management B.V. boosted its stake in Trade Desk by 41.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 207,465 shares of the technology company's stock worth $16,213,000 after purchasing an additional 60,503 shares during the period. Raymond James & Associates boosted its stake in Trade Desk by 10.7% during the 3rd quarter. Raymond James & Associates now owns 223,656 shares of the technology company's stock worth $17,479,000 after purchasing an additional 21,683 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Trade Desk by 4.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 262,657 shares of the technology company's stock worth $20,527,000 after purchasing an additional 10,531 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Trade Desk by 32.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,815 shares of the technology company's stock worth $454,000 after acquiring an additional 1,416 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTD. Piper Sandler raised their target price on shares of Trade Desk from $80.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Royal Bank of Canada raised their target price 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. Stephens restated an "overweight" rating and issued a $85.00 target price on shares of Trade Desk in a research note on Friday, February 16th. 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 note on Friday, February 16th. Finally, BTIG Research increased their price target on shares of Trade Desk from $91.00 to $98.00 and gave the company a "buy" rating in a report on Friday, February 23rd. Two investment 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.38.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now directly owns 139,794 shares of the company's stock, valued at $12,515,756.82. The sale was disclosed in a filing with the SEC, which is available at this link. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now directly owns 139,794 shares of the company's stock, valued at $12,515,756.82. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Samantha Jacobson sold 15,006 shares of Trade Desk stock in a transaction that occurred on 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 sale, the insider now owns 52,387 shares in the company, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Insiders have sold a total of 642,170 shares of company stock valued at $53,970,398 over the last ninety days. Corporate insiders own 10.18% of the company's stock.

Trade Desk Stock Up 0.5 %

Shares of TTD traded up $0.47 during mid-day trading on Friday, hitting $88.59. The company had a trading volume of 3,778,002 shares, compared to its average volume of 2,871,066. The business's 50-day simple moving average is $83.69 and its 200-day simple moving average is $75.80. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $94.00. The stock has a market cap of $43.32 billion, a PE ratio of 246.09, a P/E/G ratio of 4.86 and a beta of 1.50.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its 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 return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. On average, sell-side analysts expect that The Trade Desk, Inc. will post 0.79 earnings per share for the current 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.