Bank of Jackson Hole Trust Purchases Shares of 2,495 The Trade Desk, Inc. (NASDAQ:TTD)

Bank of Jackson Hole Trust purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,495 shares of the technology company’s stock, valued at approximately $293,000.

A number of other large investors have also recently bought and sold shares of TTD. Creative Planning grew its position in Trade Desk by 10.6% in the third quarter. Creative Planning now owns 129,599 shares of the technology company’s stock valued at $14,211,000 after acquiring an additional 12,384 shares during the period. Blue Trust Inc. boosted its stake in Trade Desk by 364.9% in the third quarter. Blue Trust Inc. now owns 6,169 shares of the technology company’s stock worth $676,000 after purchasing an additional 4,842 shares in the last quarter. OLD National Bancorp IN boosted its stake in Trade Desk by 31.7% in the third quarter. OLD National Bancorp IN now owns 3,555 shares of the technology company’s stock worth $390,000 after purchasing an additional 855 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in Trade Desk by 29.2% in the third quarter. Toth Financial Advisory Corp now owns 1,550 shares of the technology company’s stock worth $170,000 after purchasing an additional 350 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk 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 sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % 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 valued at $5,004,296 over the last 90 days. 9.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TTD shares. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Trade Desk in a research note on Thursday, February 13th. Evercore ISI lowered Trade Desk from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $135.00 to $90.00 in a research note on Thursday, February 13th. Scotiabank reduced their price objective on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. Wolfe Research upped their price target on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Citigroup cut their price target on Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $120.97.

Trade Desk Trading Down 0.2 %

NASDAQ TTD opened at $80.03 on Wednesday. The Trade Desk, Inc. has a 12 month low of $76.12 and a 12 month high of $141.53. The stock has a 50-day simple moving average of $119.84 and a 200 day simple moving average of $115.53. The company has a market capitalization of $39.50 billion, a PE ratio of 102.60, a P/E/G ratio of 2.80 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results 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 return on equity of 16.38% and a net margin of 16.08%. As a group, sell-side analysts predict that The Trade Desk, Inc. will post 1.25 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a share buyback plan 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are 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.