Bristlecone Advisors LLC Boosts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Bristlecone Advisors LLC raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,816 shares of the technology company’s stock after purchasing an additional 950 shares during the quarter. Bristlecone Advisors LLC’s holdings in Trade Desk were worth $2,329,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in TTD. CAP Partners LLC raised its stake in Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after acquiring an additional 86 shares during the period. RMR Wealth Builders boosted its stake in Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after purchasing an additional 89 shares during the period. Quotient Wealth Partners LLC lifted its holdings in shares of Trade Desk by 4.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock worth $276,000 after buying an additional 94 shares in the last quarter. Allworth Financial LP grew its stake in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after acquiring an additional 97 shares in the last quarter. Finally, Parisi Gray Wealth Management increased its holdings in shares of Trade Desk by 2.2% in the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after purchasing an additional 99 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $117.29 on Monday. The firm has a market cap of $57.89 billion, a PE ratio of 192.28, a PEG ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $68.65 and a one year high of $141.53. The firm has a fifty day moving average of $124.17 and a 200 day moving average of $115.07.

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 the consensus estimate of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The firm had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were 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 directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock valued at $5,004,296 over the last ninety days. Insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

TTD has been the subject of a number of recent research reports. UBS Group raised their target price on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Oppenheimer raised their price objective on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush increased their price target on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.13.

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.