The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 444.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,007 shares of the technology company’s stock after acquiring an additional 41,638 shares during the period. Brown Advisory Inc.’s holdings in Trade Desk were worth $3,670,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its holdings in Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after acquiring an additional 6,978,352 shares in the last quarter. Invesco Ltd. raised its holdings in Trade Desk by 9.6% in the third quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company’s stock valued at $461,039,000 after acquiring an additional 517,842 shares in the last quarter. Northern Trust Corp raised its holdings in Trade Desk by 3.6% in the third quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company’s stock valued at $223,593,000 after acquiring an additional 98,286 shares in the last quarter. ARK Investment Management LLC raised its holdings in Trade Desk by 1,162.0% in the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after acquiring an additional 1,979,319 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Trade Desk by 17.9% in the third quarter. Lord Abbett & CO. LLC now owns 1,937,962 shares of the technology company’s stock valued at $151,452,000 after acquiring an additional 294,089 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Down 0.3 %

Shares of TTD opened at $95.32 on Thursday. The firm has a 50-day moving average price of $85.87 and a 200 day moving average price of $77.46. The firm has a market capitalization of $46.62 billion, a PE ratio of 238.31, a P/E/G ratio of 5.04 and a beta of 1.50. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $97.65.

Insider Activity at Trade Desk

In other 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 transaction, the director now owns 242,609 shares in the company, valued at approximately $19,869,677.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the transaction, the chief executive officer now owns 824,022 shares in the company, valued at approximately $69,605,138.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kathryn E. Falberg sold 103,030 shares of the company’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 sale, the director now directly owns 242,609 shares of the company’s stock, valued at $19,869,677.10. The disclosure for this sale can be found here. Insiders sold 546,637 shares of company stock worth $46,088,765 in the last 90 days. Corporate insiders own 10.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on TTD shares. Piper Sandler reissued an “overweight” rating and set a $110.00 target price (up from $105.00) on shares of Trade Desk in a report on Thursday, May 9th. BTIG Research increased their target price 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. Loop Capital increased their target price on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Stephens reissued an “overweight” rating and set a $85.00 target price on shares of Trade Desk in a report on Friday, February 16th. Finally, Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.01.

About Trade Desk

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.