The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Golden State Equity Partners

Golden State Equity Partners increased its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 4,842.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,057 shares of the technology company's stock after purchasing an additional 7,894 shares during the quarter. Golden State Equity Partners' holdings in Trade Desk were worth $947,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Harbor Investment Advisory LLC boosted its holdings 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 worth $34,000 after buying an additional 117 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of 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. Avior Wealth Management LLC increased its stake in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Quarry LP bought a new position in Trade Desk in the 2nd quarter worth $41,000. Institutional investors own 67.77% of the company's stock.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk 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 of the company's stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk 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 sale, the insider now directly owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 697,967 shares of company stock valued at $86,494,400. Insiders own 9.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TTD shares. UBS Group boosted their price target on Trade Desk from $140.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. Evercore ISI boosted their price objective on Trade Desk from $110.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Macquarie lifted their price target on shares of Trade Desk from $133.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. KeyCorp upped their price target on shares of Trade Desk from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Finally, BTIG Research raised their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $133.13.

Trade Desk Stock Performance

TTD stock traded down $4.40 during mid-day trading on Tuesday, reaching $113.54. 6,177,193 shares of the stock traded hands, compared to its average volume of 3,585,229. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53. The stock has a market capitalization of $56.04 billion, a PE ratio of 186.13, a PEG ratio of 3.75 and a beta of 1.45. The business has a 50-day moving average price of $124.94 and a two-hundred day moving average price of $114.68.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 earnings per share 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 firm had revenue of $628.02 million during the quarter, compared to analysts' expectations of $619.89 million. During the same period last year, the company earned $0.08 earnings per share. On average, equities analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

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.