Generali Investments Management Co LLC Purchases Shares of 10,546 The Trade Desk, Inc. (NASDAQ:TTD)

Generali Investments Management Co LLC acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,546 shares of the technology company’s stock, valued at approximately $1,239,000.

Several other large investors have also recently modified their holdings of TTD. OneDigital Investment Advisors LLC increased its holdings in shares of Trade Desk by 7.1% in the third quarter. OneDigital Investment Advisors LLC now owns 7,737 shares of the technology company’s stock worth $848,000 after buying an additional 513 shares during the period. Empowered Funds LLC increased its holdings in shares of Trade Desk by 6.9% in the third quarter. Empowered Funds LLC now owns 14,738 shares of the technology company’s stock worth $1,616,000 after buying an additional 953 shares during the period. Quest Partners LLC purchased a new position in shares of Trade Desk in the third quarter worth about $85,000. Meeder Advisory Services Inc. increased its holdings in shares of Trade Desk by 3.2% in the third quarter. Meeder Advisory Services Inc. now owns 10,146 shares of the technology company’s stock worth $1,113,000 after buying an additional 313 shares during the period. Finally, Pathstone Holdings LLC increased its holdings in shares of Trade Desk by 14.1% in the third quarter. Pathstone Holdings LLC now owns 18,284 shares of the technology company’s stock worth $2,005,000 after buying an additional 2,263 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,029 shares of company stock worth $5,004,296. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 5.2 %

Shares of NASDAQ TTD opened at $53.59 on Wednesday. The Trade Desk, Inc. has a twelve month low of $53.39 and a twelve month high of $141.53. The firm has a market cap of $26.59 billion, a P/E ratio of 68.71, a PEG ratio of 3.11 and a beta of 1.63. The company has a 50 day moving average of $95.03 and a 200 day moving average of $110.89.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. As a group, equities analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently commented on TTD shares. Oppenheimer decreased their price objective on Trade Desk from $135.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. DA Davidson cut their target price on Trade Desk from $134.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Stifel Nicolaus cut their target price on Trade Desk from $144.00 to $122.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Loop Capital cut their target price on Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $117.10.

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.