Certuity LLC Raises Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Certuity LLC grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,398 shares of the technology company’s stock after purchasing an additional 259 shares during the quarter. Certuity LLC’s holdings in Trade Desk were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baron Wealth Management LLC bought a new stake in Trade Desk during the third quarter valued at about $270,000. DAVENPORT & Co LLC boosted its position in shares of Trade Desk by 28.4% during the third quarter. DAVENPORT & Co LLC now owns 4,005 shares of the technology company’s stock worth $313,000 after acquiring an additional 886 shares during the last quarter. Balboa Wealth Partners purchased a new position in Trade Desk during the third quarter valued at $352,000. Robeco Institutional Asset Management B.V. increased its holdings in Trade Desk by 41.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 207,465 shares of the technology company’s stock valued at $16,213,000 after acquiring an additional 60,503 shares during the last quarter. Finally, Xponance Inc. increased its holdings in Trade Desk by 2.0% in the 3rd quarter. Xponance Inc. now owns 63,317 shares of the technology company’s stock valued at $4,948,000 after acquiring an additional 1,236 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TTD has been the topic of several research reports. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. BTIG Research upped 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. Benchmark upped their price objective on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. Oppenheimer raised their target price on shares of Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Trade Desk in a research report on Thursday, March 21st. Two equities research 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Insiders Place Their Bets

In related news, Director Kathryn E. Falberg sold 103,030 shares of the stock in a transaction on 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 sale, the director now directly owns 242,609 shares of the company’s stock, valued at $19,869,677.10. 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 firm’s 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 transaction, the chief executive officer now directly owns 1,551,987 shares of the company’s stock, valued at approximately $126,905,976.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the transaction, the director now directly owns 242,609 shares in the company, valued at $19,869,677.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 642,170 shares of company stock worth $53,970,398. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $82.85 on Wednesday. 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 $40.51 billion, a PE ratio of 230.15, a price-to-earnings-growth ratio of 4.66 and a beta of 1.50. The firm has a fifty day moving average price of $83.39 and a 200 day moving average price of $75.62.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share 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 analysts’ expectations of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. As a group, equities analysts expect that The Trade Desk, Inc. will post 0.79 EPS 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.