Ashton Thomas Private Wealth LLC Has $1.74 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Ashton Thomas Private Wealth LLC grew its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 112.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,816 shares of the technology company's stock after purchasing an additional 7,828 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Trade Desk were worth $1,741,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTD. Farther Finance Advisors LLC grew its position in shares of Trade Desk by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 2,335 shares of the technology company's stock worth $256,000 after buying an additional 417 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Trade Desk by 4.9% during the third quarter. Concurrent Investment Advisors LLC now owns 9,222 shares of the technology company's stock valued at $1,011,000 after purchasing an additional 434 shares during the last quarter. TFB Advisors LLC bought a new stake in Trade Desk during the third quarter valued at $402,000. CWA Asset Management Group LLC bought a new stake in Trade Desk during the third quarter valued at $219,000. Finally, Executive Wealth Management LLC increased its stake in Trade Desk by 42.9% during the third quarter. Executive Wealth Management LLC now owns 7,454 shares of the technology company's stock valued at $817,000 after purchasing an additional 2,237 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several analysts have weighed in on TTD shares. Evercore ISI lowered shares of Trade Desk from an "outperform" rating to an "inline" rating and lowered their target price for the company from $135.00 to $90.00 in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on shares of Trade Desk from $160.00 to $145.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Citizens Jmp upgraded shares of Trade Desk to a "strong-buy" rating in a research report on Tuesday, January 21st. Loop Capital lowered their price target on shares of Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Cantor Fitzgerald lowered their price target on shares of Trade Desk from $115.00 to $100.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $119.45.

Trade Desk Stock Performance

NASDAQ TTD traded down $0.07 on Friday, reaching $64.91. The company's stock had a trading volume of 11,469,784 shares, compared to its average volume of 8,075,771. The Trade Desk, Inc. has a twelve month low of $63.82 and a twelve month high of $141.53. The stock has a market cap of $32.20 billion, a PE ratio of 83.22, a PEG ratio of 3.11 and a beta of 1.63. The firm's 50 day moving average is $103.94 and its two-hundred day moving average is $113.21.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 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%. Equities research analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has approved a share repurchase program on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Trade Desk 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.