Certuity LLC Acquires 638 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Certuity LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,445 shares of the technology company’s stock after purchasing an additional 638 shares during the quarter. Certuity LLC’s holdings in Trade Desk were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TTD. Koshinski Asset Management Inc. purchased a new position in shares of Trade Desk during the 3rd quarter valued at $213,000. Creative Planning increased its stake in Trade Desk by 10.6% in the 3rd quarter. Creative Planning now owns 129,599 shares of the technology company’s stock worth $14,211,000 after acquiring an additional 12,384 shares during the last quarter. Swedbank AB increased its stake in Trade Desk by 22.6% in the 3rd quarter. Swedbank AB now owns 288,041 shares of the technology company’s stock worth $31,584,000 after acquiring an additional 53,130 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of Trade Desk by 12.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,046 shares of the technology company’s stock valued at $1,211,000 after purchasing an additional 1,193 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Trade Desk during the 3rd quarter valued at about $263,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $120.21 on Wednesday. The business’s 50 day moving average price is $123.54 and its 200-day moving average price is $115.49. The Trade Desk, Inc. has a fifty-two week low of $70.71 and a fifty-two week high of $141.53. The company has a market cap of $59.33 billion, a price-to-earnings ratio of 197.07, a PEG ratio of 3.63 and a beta of 1.45.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares of the company’s stock, 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. Over the last three months, insiders have sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TTD has been the topic of several recent research reports. Robert W. Baird increased their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Royal Bank of Canada lifted their price objective on Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Loop Capital boosted 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. Finally, JMP Securities initiated coverage on Trade Desk in a research report on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.20.

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.