Clay Northam Wealth Management LLC Raises Position in The Trade Desk, Inc. (NASDAQ:TTD)

Clay Northam Wealth Management LLC grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,024 shares of the technology company’s stock after purchasing an additional 143 shares during the period. Trade Desk accounts for about 1.1% of Clay Northam Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. Clay Northam Wealth Management LLC’s holdings in Trade Desk were worth $1,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TTD. Harbor Investment Advisory LLC grew its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after buying an additional 117 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk during the 4th quarter worth $35,000. Synergy Asset Management LLC purchased a new stake in Trade Desk during the fourth quarter valued at about $34,000. Avior Wealth Management LLC lifted its stake in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD stock opened at $117.94 on Tuesday. The company has a market cap of $58.21 billion, a P/E ratio of 193.34, a price-to-earnings-growth ratio of 3.75 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $66.56 and a 1 year high of $141.53. The stock’s fifty day moving average price is $125.25 and its 200-day moving average price is $114.56.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The business had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. During the same period in the previous year, the business posted $0.08 EPS. As a group, analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Susquehanna reissued a “positive” rating and issued a $150.00 price target on shares of Trade Desk in a research note on Thursday, November 21st. Citizens Jmp raised Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Wedbush boosted their target price on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada raised their price target on Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 697,967 shares of company stock valued at $86,494,400. 9.72% of the stock is owned by company insiders.

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.