Lyell Wealth Management LP Increases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Lyell Wealth Management LP raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 46.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,690 shares of the technology company’s stock after acquiring an additional 31,700 shares during the quarter. Lyell Wealth Management LP’s holdings in Trade Desk were worth $7,174,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of Trade Desk during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Trade Desk in the 3rd quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new position in Trade Desk during the 3rd quarter valued at about $29,000. Level Financial Advisors Inc. increased its stake in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after buying an additional 150 shares during the period. Finally, Ancora Advisors LLC boosted its position in shares of Trade Desk by 56.5% during the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Up 3.4 %

TTD traded up $2.72 during trading on Wednesday, reaching $83.79. 6,562,362 shares of the company’s stock were exchanged, compared to its average volume of 4,538,066. The Trade Desk, Inc. has a fifty-two week low of $59.36 and a fifty-two week high of $94.00. The business has a 50 day moving average price of $83.21 and a 200 day moving average price of $75.62. The company has a market capitalization of $40.97 billion, a P/E ratio of 232.75, a PEG ratio of 4.29 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The firm had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. As a group, research analysts forecast that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $86.41, for a total transaction of $224,666.00. Following the completion of the sale, the chief executive officer now directly owns 974,022 shares of the company’s stock, valued at approximately $84,165,241.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $86.41, for a total transaction of $224,666.00. Following the completion of the sale, the chief executive officer now directly owns 974,022 shares of the company’s stock, valued at approximately $84,165,241.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The disclosure for this sale can be found here. Insiders sold 492,170 shares of company stock valued at $41,250,398 over the last ninety days. 10.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Benchmark raised their price target on shares of Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a report on Friday, February 16th. BTIG Research raised their price target on shares of Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Piper Sandler raised their price objective on shares of Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Royal Bank of Canada raised their price objective on shares of Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Trade Desk in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average target price of $89.75.

Trade Desk 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.