Spring Capital Management LLC Acquires Shares of 3,250 The Trade Desk, Inc. (NASDAQ:TTD)

Spring Capital Management LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,250 shares of the technology company's stock, valued at approximately $382,000.

Several other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. Quarry LP purchased a new stake in shares of Trade Desk in the second quarter valued at approximately $41,000. Brown Lisle Cummings Inc. increased its holdings in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock worth $41,000 after buying an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in Trade Desk in the 3rd quarter valued at $51,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTD has been the topic of several analyst reports. New Street Research upgraded 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 report on Monday, November 25th. Royal Bank of Canada lifted their target price on Trade Desk from $136.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Susquehanna reiterated a "positive" rating and set a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st. Cantor Fitzgerald restated a "neutral" rating and issued a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. Finally, Wedbush increased their target price on shares of Trade Desk from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company's stock. According to MarketBeat.com, Trade Desk presently has an average rating of "Moderate Buy" and a consensus target price of $132.55.

Trade Desk Price Performance

Shares of NASDAQ TTD traded up $3.58 during midday trading on Friday, hitting $124.42. 3,092,172 shares of the company's stock were exchanged, compared to its average volume of 2,789,060. The firm's fifty day simple moving average is $126.30 and its 200-day simple moving average is $112.80. The company has a market cap of $61.41 billion, a PE ratio of 203.97, a P/E/G ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $63.63 and a twelve month high of $141.53.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the business's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company's stock, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the firm's 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 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. Insiders have sold 38,086 shares of company stock worth $4,654,466 over the last three months. Insiders own 9.72% of the company's stock.

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.