Nemes Rush Group LLC Purchases 243 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Nemes Rush Group LLC boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 8.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,218 shares of the technology company’s stock after purchasing an additional 243 shares during the quarter. Nemes Rush Group LLC’s holdings in Trade Desk were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TTD. Yousif Capital Management LLC boosted its stake in Trade Desk by 3.7% in the 3rd quarter. Yousif Capital Management LLC now owns 5,070 shares of the technology company’s stock valued at $396,000 after purchasing an additional 180 shares during the period. Teacher Retirement System of Texas boosted its stake in Trade Desk by 2.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 34,467 shares of the technology company’s stock valued at $2,694,000 after purchasing an additional 887 shares during the period. FDx Advisors Inc. raised its holdings in Trade Desk by 6.3% in the 3rd quarter. FDx Advisors Inc. now owns 4,479 shares of the technology company’s stock valued at $350,000 after acquiring an additional 266 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Trade Desk in the 3rd quarter valued at $29,000. Finally, California Public Employees Retirement System raised its holdings in Trade Desk by 1.4% in the 3rd quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company’s stock valued at $63,185,000 after acquiring an additional 11,356 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price objective on shares of Trade Desk in a report on Thursday, May 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $110.00 price objective (up from $105.00) on shares of Trade Desk in a report on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $108.00 price objective (up from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Oppenheimer lifted their price objective on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Trade Desk in a report on Thursday, May 9th. Two 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.01.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.31, for a total transaction of $6,173,250.00. Following the sale, the chief executive officer now owns 1,401,987 shares in the company, valued at approximately $115,397,549.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.31, for a total transaction of $6,173,250.00. Following the transaction, the chief executive officer now directly owns 1,401,987 shares of the company’s stock, valued at approximately $115,397,549.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kathryn E. Falberg sold 103,030 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $81.90, for a total value of $8,438,157.00. Following the transaction, the director now directly owns 242,609 shares in the company, valued at $19,869,677.10. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Trade Desk Stock Down 0.3 %

Shares of NASDAQ TTD traded down $0.24 during trading on Wednesday, reaching $95.41. The company had a trading volume of 716,424 shares, compared to its average volume of 4,502,124. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $97.65. The company’s fifty day moving average price is $85.56 and its 200-day moving average price is $77.34. The stock has a market cap of $46.67 billion, a P/E ratio of 239.13, a PEG ratio of 5.14 and a beta of 1.50.

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.