Panagora Asset Management Inc. Purchases 230,188 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Panagora Asset Management Inc. raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 750.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,853 shares of the technology company's stock after acquiring an additional 230,188 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.05% of Trade Desk worth $18,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TTD. NBC Securities Inc. purchased a new stake in shares of Trade Desk during the third quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Trade Desk during the third quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Trade Desk during the third quarter worth about $29,000. Level Financial Advisors Inc. grew its holdings 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 worth $32,000 after buying an additional 150 shares in the last quarter. Finally, Ancora Advisors LLC grew its holdings 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 worth $38,000 after buying an additional 175 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the completion of the transaction, the chief executive officer now owns 824,022 shares in the company, valued at approximately $69,605,138.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the completion of the transaction, the chief executive officer now owns 824,022 shares in the company, valued at approximately $69,605,138.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the director now owns 242,609 shares of the company's stock, valued at approximately $19,869,677.10. The disclosure for this sale can be found here. Insiders sold a total of 636,643 shares of company stock worth $53,475,566 over the last 90 days. Insiders own 10.18% of the company's stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD traded up $1.59 during midday trading on Friday, reaching $94.78. The company had a trading volume of 4,700,199 shares, compared to its average volume of 4,540,303. The stock's fifty day moving average price is $84.94 and its 200-day moving average price is $77.07. The stock has a market capitalization of $46.36 billion, a P/E ratio of 236.95, a PEG ratio of 4.99 and a beta of 1.50. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $95.35.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The company had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. As a group, sell-side analysts forecast that The Trade Desk, Inc. will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TTD shares. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Trade Desk in a research report on Thursday, May 9th. Stephens reissued an "overweight" rating and issued a $85.00 target price on shares of Trade Desk in a research report on Friday, February 16th. Jefferies Financial Group raised shares of Trade Desk from a "hold" rating to a "buy" rating and raised their target price for the stock from $95.00 to $105.00 in a research report on Thursday, May 2nd. DA Davidson raised their target price on shares of Trade Desk from $95.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 9th. Finally, 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. 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 stock. According to MarketBeat, Trade Desk presently has an average rating of "Moderate Buy" and an average price target of $93.01.

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.