Paragon Advisors LLC raised its holdings in shares of Trade Desk Inc (NASDAQ:TTD) by 50.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,774 shares of the technology company’s stock after purchasing an additional 593 shares during the period. Paragon Advisors LLC’s holdings in Trade Desk were worth $721,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Trade Desk by 1.7% during the fourth quarter. Bank of Montreal Can now owns 2,373 shares of the technology company’s stock valued at $616,000 after buying an additional 39 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Trade Desk by 192.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,722 shares of the technology company’s stock valued at $3,824,000 after buying an additional 9,692 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Trade Desk during the fourth quarter valued at $228,000. Atria Investments LLC grew its holdings in shares of Trade Desk by 39.3% during the fourth quarter. Atria Investments LLC now owns 3,623 shares of the technology company’s stock valued at $941,000 after buying an additional 1,022 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Trade Desk by 254.8% during the fourth quarter. Panagora Asset Management Inc. now owns 110 shares of the technology company’s stock valued at $29,000 after buying an additional 79 shares during the last quarter. 69.43% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director David B. Wells sold 2,840 shares of the firm’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $400.00, for a total transaction of $1,136,000.00. Following the completion of the transaction, the director now owns 13,457 shares in the company, valued at approximately $5,382,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Susan Vobejda sold 875 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $231.87, for a total transaction of $202,886.25. Following the transaction, the chief marketing officer now owns 31,785 shares of the company’s stock, valued at approximately $7,369,987.95. The disclosure for this sale can be found here. Insiders sold a total of 334,119 shares of company stock valued at $102,956,980 in the last quarter. 13.12% of the stock is currently owned by insiders.
Shares of TTD stock traded up $3.45 during trading hours on Tuesday, reaching $450.53. The stock had a trading volume of 64,938 shares, compared to its average volume of 1,677,679. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.96 and a quick ratio of 1.96. Trade Desk Inc has a twelve month low of $136.00 and a twelve month high of $465.99. The firm has a 50-day simple moving average of $359.73 and a 200-day simple moving average of $283.01. The firm has a market capitalization of $21.33 billion, a PE ratio of 182.28, a price-to-earnings-growth ratio of 9.12 and a beta of 2.67.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.81. Trade Desk had a net margin of 17.44% and a return on equity of 20.65%. The business had revenue of $160.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 32.8% compared to the same quarter last year. On average, equities analysts anticipate that Trade Desk Inc will post 1.94 earnings per share for the current year.
Several equities research analysts have commented on TTD shares. ValuEngine raised shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Needham & Company LLC upped their price target on shares of Trade Desk from $370.00 to $475.00 and gave the company a “buy” rating in a report on Monday, June 22nd. SunTrust Banks lowered shares of Trade Desk from a “buy” rating to a “hold” rating and lowered their price target for the company from $280.00 to $250.00 in a report on Friday, May 8th. Stephens lowered their target price on shares of Trade Desk from $310.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Finally, Zacks Investment Research upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $333.00 price target for the company in a research report on Saturday, May 16th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Trade Desk has a consensus rating of “Buy” and an average price target of $299.07.
About Trade Desk
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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