Beaumont Financial Advisors LLC Invests $242,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Beaumont Financial Advisors LLC acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,058 shares of the technology company’s stock, valued at approximately $242,000.

Several other large investors also recently bought and sold shares of the stock. CAP Partners LLC grew its position in Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after purchasing an additional 86 shares during the last quarter. RMR Wealth Builders boosted its holdings in Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after buying an additional 89 shares in the last quarter. Allworth Financial LP boosted its holdings in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after buying an additional 97 shares in the last quarter. Parisi Gray Wealth Management boosted its holdings in Trade Desk by 2.2% during the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after buying an additional 99 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Activity

In related news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk 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 owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 549,684 shares of company stock valued at $68,444,576. 9.72% of the stock is currently owned by company insiders.

Trade Desk Stock Performance

NASDAQ TTD opened at $119.14 on Friday. The firm has a 50 day simple moving average of $125.80 and a 200-day simple moving average of $113.33. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53. The firm has a market cap of $58.80 billion, a price-to-earnings ratio of 195.31, a PEG ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The business had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. During the same period in the previous year, the business posted $0.08 EPS. Equities analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TTD shares. Royal Bank of Canada increased their price target on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Benchmark reissued a “sell” rating and set a $57.00 price target on shares of Trade Desk in a report on Friday, November 8th. Wolfe Research increased their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. DA Davidson increased their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, KeyCorp increased their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

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.