Signaturefd LLC Has $651,000 Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Signaturefd LLC reduced its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,044 shares of the technology company’s stock after selling 290 shares during the quarter. Signaturefd LLC’s holdings in Trade Desk were worth $651,000 as of its most recent SEC filing.

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

Trade Desk Price Performance

Shares of TTD stock opened at $81.07 on Wednesday. The firm has a 50-day moving average of $83.05 and a 200-day moving average of $75.63. The company has a market cap of $39.64 billion, a P/E ratio of 225.20, a P/E/G ratio of 4.29 and a beta of 1.50. The Trade Desk, Inc. has a one year low of $59.36 and a one year high of $94.00.

Trade Desk (NASDAQ:TTD) last announced 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). The firm had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. As a group, research analysts expect that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TTD shares. Royal Bank of Canada upped their price objective on shares of Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Truist Financial increased their target price on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Susquehanna increased their target price on shares of Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. Piper Sandler increased their target price on shares of Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Insider Buying and Selling

In related news, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the sale, the director now owns 242,609 shares in the company, valued at $19,869,677.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the sale, the director now owns 242,609 shares in the company, valued at $19,869,677.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 2,600 shares of the firm’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 sale, the chief executive officer now owns 974,022 shares of the company’s stock, valued at approximately $84,165,241.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 492,170 shares of company stock worth $41,250,398. Insiders own 10.18% of the company’s stock.

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.