Versant Capital Management Inc Boosts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Versant Capital Management Inc increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 94.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 698 shares of the technology company’s stock after buying an additional 339 shares during the quarter. Versant Capital Management Inc’s holdings in Trade Desk were worth $82,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Trade Desk by 12.3% during the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock worth $159,151,000 after purchasing an additional 177,832 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Trade Desk by 39.6% in the 2nd quarter. Private Advisor Group LLC now owns 32,862 shares of the technology company’s stock valued at $3,210,000 after buying an additional 9,323 shares during the period. Candriam S.C.A. increased its holdings in shares of Trade Desk by 5.3% during the 2nd quarter. Candriam S.C.A. now owns 22,983 shares of the technology company’s stock worth $2,245,000 after buying an additional 1,165 shares during the last quarter. Savant Capital LLC raised its position in shares of Trade Desk by 10.8% during the 2nd quarter. Savant Capital LLC now owns 25,497 shares of the technology company’s stock valued at $2,490,000 after buying an additional 2,494 shares during the period. Finally, Lake Street Advisors Group LLC acquired a new position in Trade Desk in the second quarter valued at approximately $282,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 3.5 %

Shares of NASDAQ TTD opened at $121.84 on Friday. The stock has a market capitalization of $60.14 billion, a price-to-earnings ratio of 199.74, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The firm has a 50-day moving average price of $126.56 and a 200 day moving average price of $111.18.

Analysts Set New Price Targets

TTD has been the subject of several recent analyst reports. Citigroup raised their target price on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. DA Davidson upped their target price on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, Evercore ISI upped their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.14.

Insider Activity

In related news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 80,649 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total value of $9,314,959.50. Following the sale, the chief executive officer now owns 7,330 shares in the company, valued at approximately $846,615. The trade was a 91.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 325,528 shares of company stock worth $37,031,290. Company insiders own 9.72% of the company’s stock.

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.