Aster Capital Management DIFC Ltd Buys Shares of 26,458 The Trade Desk $TTD

Aster Capital Management DIFC Ltd bought a new stake in shares of The Trade Desk (NASDAQ:TTD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 26,458 shares of the technology company’s stock, valued at approximately $1,004,000.

Other hedge funds have also bought and sold shares of the company. Nicholas Company Inc. lifted its position in Trade Desk by 14.3% during the fourth quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock valued at $38,596,000 after purchasing an additional 127,049 shares during the last quarter. Jacobson & Schmitt Advisors LLC lifted its position in Trade Desk by 19.6% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after purchasing an additional 47,539 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Trade Desk by 272.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock valued at $2,604,000 after purchasing an additional 50,209 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its position in Trade Desk by 86.3% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock valued at $199,324,000 after purchasing an additional 1,884,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Trade Desk by 235.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock valued at $22,330,000 after purchasing an additional 412,842 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.41% of the stock is owned by corporate insiders.

Trade Desk Stock Down 0.1%

NASDAQ:TTD opened at $19.27 on Tuesday. The company has a fifty day moving average of $21.74 and a 200 day moving average of $28.07. The Trade Desk has a 52 week low of $18.31 and a 52 week high of $91.45. The firm has a market capitalization of $9.06 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.93 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The firm had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts anticipate that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk announced that its board has approved a share buyback plan on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Loop Capital lowered shares of Trade Desk from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $25.00 in a research report on Thursday, February 26th. Arete Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 target price for the company in a research report on Monday, March 16th. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.00 target price on shares of Trade Desk in a research report on Thursday, February 26th. Piper Sandler restated a “neutral” rating and issued a $24.00 price objective on shares of Trade Desk in a report on Friday, May 8th. Finally, Moffett Nathanson restated a “neutral” rating and issued a $32.00 price objective on shares of Trade Desk in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.91.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.