Perigon Wealth Management LLC Acquires 992 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Perigon Wealth Management LLC lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,581 shares of the technology company’s stock after purchasing an additional 992 shares during the period. Perigon Wealth Management LLC’s holdings in Trade Desk were worth $674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC raised its stake in shares of Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Trade Desk in the fourth quarter valued at approximately $35,000. Avior Wealth Management LLC grew its position in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Quarry LP bought a new position in Trade Desk in the 2nd quarter worth about $41,000. Finally, Brown Lisle Cummings Inc. increased its position in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TTD shares. Morgan Stanley upped their price objective on Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Royal Bank of Canada raised their target price on Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Citizens Jmp upgraded Trade Desk to a “strong-buy” rating in a report on Tuesday, January 21st. Wedbush boosted their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, BMO Capital Markets increased their price objective on Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Stock Performance

TTD stock opened at $118.68 on Friday. The company has a market cap of $58.58 billion, a price-to-earnings ratio of 194.56, a P/E/G ratio of 3.88 and a beta of 1.45. The business’s 50-day moving average is $125.48 and its two-hundred day moving average is $114.18. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53.

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. Equities analysts predict that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 553,982 shares of company stock valued at $68,954,147. Company insiders own 9.72% of the company’s stock.

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.