Jacobs & Co. CA Grows Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Jacobs & Co. CA raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 5.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,175 shares of the technology company’s stock after acquiring an additional 175 shares during the quarter. Jacobs & Co. CA’s holdings in Trade Desk were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of TTD. NBC Securities Inc. purchased a new stake in Trade Desk in the third quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Trade Desk in the third quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Trade Desk in the third quarter worth approximately $29,000. Ancora Advisors LLC boosted its stake in shares of Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after acquiring an additional 175 shares during the last quarter. Finally, MUFG Americas Holdings Corp acquired a new stake in shares of Trade Desk in the third quarter worth approximately $30,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

TTD opened at $87.21 on Thursday. The Trade Desk, Inc. has a one year low of $57.17 and a one year high of $94.00. The company has a market cap of $42.64 billion, a P/E ratio of 242.26, a PEG ratio of 4.80 and a beta of 1.50. The business’s 50-day simple moving average is $77.57 and its 200-day simple moving average is $75.03.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The business had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. As a group, analysts predict that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TTD shares. Wells Fargo & Company boosted their price objective on Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. HSBC assumed coverage on Trade Desk in a research note on Monday, December 18th. They issued a “buy” rating and a $83.20 price target on the stock. Piper Sandler upped their price target on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Finally, Stephens reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Trade Desk in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Insider Activity

In related news, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $85.42, for a total value of $6,406,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,117,629 shares of the company’s stock, valued at $95,467,869.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 426,562 shares of company stock worth $35,446,258. 10.81% of the stock is currently owned by 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.