Tag: NASDAQ:TTD

Russell Investments Group Ltd. raised its stake in The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 12.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,350 shares of the technology company’s stock after buying an additional 15,550 shares during the quarter. Russell Investments Group Ltd.’s holdings in Trade Desk were worth $12,608,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. boosted its position in Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares during the period. Riverview Trust Co purchased a new stake in Trade Desk during the 1st quarter worth about $27,000. Bogart Wealth LLC raised its position in Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares in the last quarter. Level Financial Advisors Inc. grew its position in shares of Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after buying an additional 150 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Trade Desk by 889.4% during the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after buying an additional 418 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of TTD opened at $95.72 on Friday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $102.67. The firm has a 50-day simple moving average of $96.01 and a 200-day simple moving average of $84.73. The company has a market capitalization of $46.82 billion, a price-to-earnings ratio of 239.31, a price-to-earnings-growth ratio of 4.88 and a beta of 1.48.

Trade Desk (NASDAQ:TTD – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The firm had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. Equities research analysts forecast that The Trade Desk, Inc. will post 0.85 EPS for the current year.

Insider Buying and Selling

In other Trade Desk news, Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the transaction, the director now directly owns 34,056 shares of the company’s stock, valued at approximately $3,334,763.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Gokul Rajaram sold 2,415 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the sale, the director now directly owns 34,056 shares of the company’s stock, valued at approximately $3,334,763.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total value of $2,510,750.00. Following the completion of the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $70,606,106.34. The disclosure for this sale can be found here. Insiders sold a total of 362,554 shares of company stock valued at $33,414,310 over the last three months. 10.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $108.00 price objective (up from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Oppenheimer increased their target price on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Monday. Wolfe Research started coverage on Trade Desk in a report on Tuesday. They set an “outperform” rating and a $115.00 price target for the company. Finally, Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Trade Desk in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.72.

View Our Latest Stock Analysis on TTD

About Trade Desk

(Free Report)

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.

See Also

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IFP Advisors Inc trimmed its stake in The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 12.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,200 shares of the technology company’s stock after selling 906 shares during the period. IFP Advisors Inc’s holdings in Trade Desk were worth $485,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TTD. JPMorgan Chase & Co. grew its position in Trade Desk by 61.6% in the first quarter. JPMorgan Chase & Co. now owns 19,593,717 shares of the technology company’s stock valued at $1,193,453,000 after acquiring an additional 7,471,935 shares during the period. Norges Bank bought a new stake in Trade Desk in the fourth quarter valued at $100,508,000. 1832 Asset Management L.P. grew its holdings in shares of Trade Desk by 81.8% during the first quarter. 1832 Asset Management L.P. now owns 3,638,000 shares of the technology company’s stock worth $221,591,000 after purchasing an additional 1,636,700 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Trade Desk by 10.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock worth $599,275,000 after purchasing an additional 1,239,936 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Trade Desk by 74.2% during the first quarter. Bank of America Corp DE now owns 2,853,174 shares of the technology company’s stock worth $173,787,000 after purchasing an additional 1,215,662 shares during the last quarter. 68.23% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

NASDAQ TTD opened at $73.43 on Tuesday. The firm has a market cap of $36.00 billion, a P/E ratio of 236.87, a P/E/G ratio of 7.49 and a beta of 1.59. The stock’s 50-day moving average is $71.64 and its 200-day moving average is $77.12. The Trade Desk, Inc. has a one year low of $41.20 and a one year high of $91.85.

Trade Desk (NASDAQ:TTD – Get Free Report) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The business had revenue of $493.27 million for the quarter, compared to analyst estimates of $486.94 million. Trade Desk had a return on equity of 7.38% and a net margin of 8.35%. Equities analysts anticipate that The Trade Desk, Inc. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

TTD has been the topic of several research analyst reports. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating in a report on Thursday, November 2nd. Stifel Nicolaus restated a “buy” rating and set a $91.00 target price on shares of Trade Desk in a report on Thursday, August 31st. StockNews.com initiated coverage on Trade Desk in a report on Thursday, October 5th. They set a “hold” rating on the stock. Loop Capital started coverage on Trade Desk in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 target price on the stock. Finally, Truist Financial reiterated a “buy” rating and issued a $80.00 price target on shares of Trade Desk in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.88.

View Our Latest Stock Analysis on TTD

Insider Transactions at Trade Desk

In related news, CFO Laura Schenkein sold 2,613 shares of Trade Desk stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $66.48, for a total value of $173,712.24. Following the sale, the chief financial officer now owns 660,009 shares of the company’s stock, valued at approximately $43,877,398.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Gokul Rajaram sold 2,999 shares of Trade Desk stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $77.39, for a total value of $232,092.61. Following the sale, the director now owns 39,311 shares of the company’s stock, valued at approximately $3,042,278.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Laura Schenkein sold 2,613 shares of Trade Desk stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.48, for a total value of $173,712.24. Following the completion of the sale, the chief financial officer now directly owns 660,009 shares in the company, valued at approximately $43,877,398.32. The disclosure for this sale can be found here. Insiders have sold a total of 359,864 shares of company stock valued at $28,301,307 over the last 90 days. 10.81% of the stock is owned by company insiders.

About Trade Desk

(Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates 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.

See Also

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