Assetmark Inc. Purchases 10,972 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Assetmark Inc. raised its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,531 shares of the technology company's stock after buying an additional 10,972 shares during the quarter. Assetmark Inc.'s holdings in Trade Desk were worth $9,935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in shares of Trade Desk by 5.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,349,865 shares of the technology company's stock valued at $158,650,000 after purchasing an additional 65,799 shares during the last quarter. Keybank National Association OH increased its stake in Trade Desk by 30.3% in the 4th quarter. Keybank National Association OH now owns 266,683 shares of the technology company's stock valued at $31,343,000 after buying an additional 61,947 shares during the last quarter. Jag Capital Management LLC bought a new stake in Trade Desk during the 4th quarter worth about $10,290,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Trade Desk by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,875,139 shares of the technology company's stock worth $220,385,000 after buying an additional 95,489 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Trade Desk by 53.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,797 shares of the technology company's stock valued at $1,622,000 after acquiring an additional 4,812 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently commented on TTD. Susquehanna reduced their price target on Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, February 13th. JMP Securities cut their price objective on Trade Desk from $150.00 to $115.00 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Loop Capital decreased their target price on shares of Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. StockNews.com lowered shares of Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Finally, Scotiabank decreased their price objective on shares of Trade Desk from $133.00 to $83.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. Six equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $119.45.

Trade Desk Trading Down 0.1 %

NASDAQ TTD traded down $0.07 during trading 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 firm has a 50 day moving average price of $103.94 and a 200 day moving average price of $113.14. The Trade Desk, Inc. has a 12 month low of $63.82 and a 12 month high of $141.53. The firm has a market capitalization of $32.20 billion, a price-to-earnings ratio of 83.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, equities analysts forecast 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 authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Insider Activity at Trade Desk

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

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.