Gallagher Capital Advisors LLC Purchases New Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Gallagher Capital Advisors LLC acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,685 shares of the technology company’s stock, valued at approximately $1,021,000.

Other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in shares of Trade Desk in the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC boosted its stake in 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 acquiring an additional 117 shares during the last quarter. Midwest Capital Advisors LLC acquired a new stake in Trade Desk during the 4th quarter worth $34,000. Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk during the 4th quarter valued at $35,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Trade Desk during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now directly owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 in the last 90 days. Corporate insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

TTD has been the topic of several recent research reports. Wolfe Research raised their price target on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Royal Bank of Canada decreased their target price on Trade Desk from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. UBS Group upped their price target on Trade Desk from $116.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Truist Financial reduced their price objective on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their target price for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.45.

Trade Desk Trading Down 0.1 %

Shares of TTD stock opened at $64.91 on Monday. The firm’s fifty day moving average price is $103.94 and its two-hundred day moving average price is $113.21. The Trade Desk, Inc. has a 1 year low of $63.82 and a 1 year high of $141.53. The firm has a market capitalization of $32.20 billion, a P/E ratio of 83.22, a PEG ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.