Spring Capital Management LLC Invests $382,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Spring Capital Management LLC acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, Holdings Channel reports. The fund acquired 3,250 shares of the technology company’s stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Edgewood Management LLC lifted its holdings in shares of Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares in the last quarter. Jennison Associates LLC raised its position in Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after buying an additional 2,013,047 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after acquiring an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after acquiring an additional 872,555 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,086 shares of company stock valued at $4,654,466. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $124.42 on Friday. The Trade Desk, Inc. has a 1 year low of $63.63 and a 1 year high of $141.53. The firm’s 50 day moving average price is $126.30 and its 200-day moving average price is $112.70. The stock has a market cap of $61.41 billion, a P/E ratio of 203.97, a PEG ratio of 3.76 and a beta of 1.45.

Analyst Upgrades and Downgrades

TTD has been the topic of several research reports. BTIG Research raised their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital raised their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Macquarie upped their price objective on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Stifel Nicolaus increased their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Needham & Company LLC boosted their price target on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.55.

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.