Deane Retirement Strategies Inc. Has $1.89 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Deane Retirement Strategies Inc. increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 126.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,227 shares of the technology company’s stock after acquiring an additional 14,662 shares during the period. Deane Retirement Strategies Inc.’s holdings in Trade Desk were worth $1,887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTD. Norges Bank acquired a new stake in shares of Trade Desk during the fourth quarter worth $100,508,000. ARK Investment Management LLC increased its stake in Trade Desk by 1,162.0% in the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after buying an additional 1,979,319 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Trade Desk in the 3rd quarter valued at $99,035,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Trade Desk by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock worth $599,275,000 after purchasing an additional 1,239,936 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Trade Desk by 74.2% during the 1st quarter. Bank of America Corp DE now owns 2,853,174 shares of the technology company’s stock worth $173,787,000 after purchasing an additional 1,215,662 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trade Desk

In related news, insider Samantha Jacobson sold 15,006 shares of Trade Desk stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the sale, the insider now directly owns 52,387 shares in the company, valued at approximately $4,377,981.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Samantha Jacobson sold 15,006 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the transaction, the insider now directly owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $85.42, for a total transaction of $6,406,500.00. Following the completion of the transaction, the chief executive officer now owns 1,117,629 shares of the company’s stock, valued at approximately $95,467,869.18. The disclosure for this sale can be found here. Insiders sold 426,562 shares of company stock worth $35,446,258 in the last 90 days. 10.81% of the stock is currently owned by company insiders.

Trade Desk Price Performance

TTD traded up $0.68 during trading hours on Thursday, hitting $87.89. 995,705 shares of the stock were exchanged, compared to its average volume of 5,040,227. The Trade Desk, Inc. has a 12 month low of $57.17 and a 12 month high of $94.00. The stock has a 50-day simple moving average of $77.57 and a 200-day simple moving average of $75.03. The stock has a market cap of $42.97 billion, a price-to-earnings ratio of 242.26, a price-to-earnings-growth ratio of 4.80 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last posted its quarterly 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). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The business had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Sell-side analysts expect that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Analyst Ratings Changes

TTD has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Stephens restated an “overweight” rating and issued a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Benchmark increased their target price on shares of Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a research note on Friday, February 16th. Royal Bank of Canada upped their target price on shares of Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Piper Sandler increased their price target on shares of Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.75.

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.