EMC Capital Management Acquires 4,618 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

EMC Capital Management boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 1,208.9% in the third quarter, Holdings Channel.com reports. The fund owned 5,000 shares of the technology company’s stock after buying an additional 4,618 shares during the quarter. EMC Capital Management’s holdings in Trade Desk were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TTD. NBC Securities Inc. acquired a new stake in Trade Desk during the 3rd quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Trade Desk in the 3rd quarter valued at $29,000. MUFG Americas Holdings Corp acquired a new position in shares of Trade Desk in the 3rd quarter valued at $30,000. RFP Financial Group LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at $32,000. Finally, Credit Agricole S A acquired a new position in shares of Trade Desk in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 68.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TTD shares. KeyCorp decreased their price target on shares of Trade Desk from $100.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Truist Financial reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Trade Desk in a research report on Tuesday, November 28th. TheStreet cut shares of Trade Desk from a “b-” rating to a “c” rating in a research report on Thursday, November 9th. Royal Bank of Canada cut their price objective on shares of Trade Desk from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.81.

Get Our Latest Analysis on Trade Desk

Trade Desk Price Performance

Trade Desk stock traded up $2.12 during trading hours on Monday, hitting $73.43. The company had a trading volume of 2,061,632 shares, compared to its average volume of 4,662,213. The firm has a market cap of $36.00 billion, a PE ratio of 230.03, a PEG ratio of 4.33 and a beta of 1.50. The Trade Desk, Inc. has a one year low of $47.68 and a one year high of $91.85. The firm has a 50-day moving average of $70.27 and a 200 day moving average of $74.57.

Trade Desk (NASDAQ:TTDGet Free Report) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05). The company had revenue of $493.27 million during the quarter, compared to the consensus estimate of $486.94 million. Trade Desk had a net margin of 8.35% and a return on equity of 7.38%. As a group, research analysts expect that The Trade Desk, Inc. will post 0.42 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 2,999 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total transaction of $188,217.24. Following the transaction, the director now directly owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gokul Rajaram sold 2,999 shares of Trade Desk stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total value of $188,217.24. Following the transaction, the director now directly owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $173,712.24. Following the completion of the transaction, the chief financial officer now directly owns 660,009 shares in the company, valued at $43,877,398.32. The disclosure for this sale can be found here. Insiders have sold a total of 11,610 shares of company stock valued at $798,404 in the last three months. 10.81% of the stock is currently 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.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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