Bristlecone Advisors LLC Has $2.33 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Bristlecone Advisors LLC raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,816 shares of the technology company’s stock after purchasing an additional 950 shares during the quarter. Bristlecone Advisors LLC’s holdings in Trade Desk were worth $2,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Harbor Investment Advisory LLC lifted its stake in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of Trade Desk during the fourth quarter valued at about $34,000. Exchange Traded Concepts LLC purchased a new position in Trade Desk during the fourth quarter worth about $35,000. Avior Wealth Management LLC grew its position in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 2.3 %

Trade Desk stock opened at $117.29 on Monday. The firm has a market cap of $57.89 billion, a P/E ratio of 192.28, a P/E/G ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $68.65 and a 1-year high of $141.53. The firm has a 50-day moving average of $124.17 and a 200-day moving average of $115.07.

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

Analysts Set New Price Targets

TTD has been the subject of several recent analyst reports. KeyCorp upped their target price on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. DA Davidson boosted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI increased their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. BMO Capital Markets lifted their price target on shares of Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Finally, Truist Financial raised their target price on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 over the last quarter. Corporate insiders own 9.72% of the company’s stock.

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.