The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC cut its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,862 shares of the technology company's stock after selling 8,544 shares during the period. Trade Desk makes up 2.9% of Jacobson & Schmitt Advisors LLC's holdings, making the stock its 10th biggest holding. Jacobson & Schmitt Advisors LLC's holdings in Trade Desk were worth $15,145,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC raised its stake in shares of Trade Desk by 68.8% in the 4th 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 period. Exchange Traded Concepts LLC acquired a new stake in Trade Desk in the 4th quarter valued at approximately $35,000. Synergy Asset Management LLC purchased a new stake in Trade Desk in the fourth quarter valued at approximately $34,000. Kestra Investment Management LLC acquired a new position in Trade Desk during the fourth quarter worth $39,000. Finally, Avior Wealth Management LLC boosted its position in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after buying an additional 100 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Down 5.0 %

TTD traded down $3.77 on Friday, hitting $71.96. 10,635,298 shares of the company traded hands, compared to its average volume of 7,168,545. The Trade Desk, Inc. has a 12-month low of $71.61 and a 12-month high of $141.53. The company has a 50 day moving average of $116.48 and a 200-day moving average of $114.96. The stock has a market capitalization of $35.52 billion, a PE ratio of 92.35, a PEG ratio of 3.15 and a beta of 1.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, research analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has approved a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently commented on TTD. Citizens Jmp upgraded Trade Desk to a "strong-buy" rating in a report on Tuesday, January 21st. Wells Fargo & Company cut their target price on shares of Trade Desk from $142.00 to $101.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Morgan Stanley decreased their price target on shares of Trade Desk from $145.00 to $132.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Wolfe Research increased their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Robert W. Baird reduced their price objective on shares of Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $119.45.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the firm'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 completion of the sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This trade represents 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, insider Jay R. Grant sold 18,524 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $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 a total of 41,029 shares of company stock worth $5,004,296 over the last ninety days. 9.72% of the stock is currently owned by company insiders.

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.