3,665 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by TFB Advisors LLC

TFB Advisors LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,665 shares of the technology company’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in Trade Desk in the 2nd quarter valued at about $30,000. JFS Wealth Advisors LLC increased its stake in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after purchasing an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. raised its position in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in shares of Trade Desk in the second quarter valued at $37,000. Finally, Quarry LP acquired a new stake in shares of Trade Desk during the second quarter valued at $41,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TTD shares. Wells Fargo & Company started coverage on shares of Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. Wedbush upped their price target on Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday. Loop Capital upped their price target on shares of Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Wolfe Research initiated coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price objective on the stock. Finally, Citigroup boosted their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $120.69.

Trade Desk Price Performance

Shares of TTD stock opened at $125.13 on Friday. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $132.65. The firm has a market capitalization of $61.51 billion, a price-to-earnings ratio of 250.26, a price-to-earnings-growth ratio of 6.00 and a beta of 1.47. The business has a 50 day simple moving average of $112.83 and a 200 day simple moving average of $101.00.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,606 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the sale, the director now directly owns 3,516 shares of the company’s stock, valued at $351,846.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares in the company, valued at $351,846.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,557,897 shares of company stock valued at $170,121,565. 9.72% of the stock is owned by insiders.

Trade Desk Company 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.