CAP Partners LLC Grows Stake in The Trade Desk, Inc. (NASDAQ:TTD)

CAP Partners LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 5.8% in the 1st quarter, Holdings Channel reports. The fund owned 5,823 shares of the technology company’s stock after acquiring an additional 318 shares during the quarter. CAP Partners LLC’s holdings in Trade Desk were worth $509,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TTD. Level Financial Advisors Inc. increased its position in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in Trade Desk by 1.6% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after buying an additional 150 shares in the last quarter. Fiduciary Trust Co increased its position in Trade Desk by 1.1% during the 4th quarter. Fiduciary Trust Co now owns 13,800 shares of the technology company’s stock valued at $993,000 after buying an additional 150 shares in the last quarter. Belpointe Asset Management LLC increased its position in Trade Desk by 4.7% during the 4th quarter. Belpointe Asset Management LLC now owns 3,438 shares of the technology company’s stock valued at $247,000 after buying an additional 154 shares in the last quarter. Finally, Mutual Advisors LLC increased its position in Trade Desk by 3.6% during the 4th quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock valued at $324,000 after buying an additional 156 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 0.4 %

NASDAQ:TTD traded up $0.37 on Tuesday, reaching $98.34. 2,439,015 shares of the company’s stock traded hands, compared to its average volume of 4,210,457. The stock has a 50-day simple moving average of $92.96 and a 200-day simple moving average of $82.79. The firm has a market cap of $48.10 billion, a PE ratio of 245.86, a P/E/G ratio of 5.00 and a beta of 1.48. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $99.54.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. On average, equities analysts anticipate that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In other news, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total value of $4,168,582.90. Following the sale, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total value of $4,168,582.90. Following the sale, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 2,415 shares of Trade Desk stock in a transaction dated 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 in the company, valued at $3,334,763.52. The disclosure for this sale can be found here. Insiders have sold a total of 406,161 shares of company stock valued at $36,895,918 over the last ninety days. 10.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TTD shares. Truist Financial reaffirmed a “buy” rating and set a $105.00 price objective on shares of Trade Desk in a research report on Thursday, May 16th. Piper Sandler reiterated an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research note on Tuesday, June 11th. BMO Capital Markets reiterated an “outperform” rating and set a $108.00 target price (up from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a research note on Thursday, May 9th. Finally, Jefferies Financial Group upgraded Trade Desk from a “hold” rating to a “buy” rating and increased their target price for the company from $95.00 to $105.00 in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $93.69.

About Trade Desk

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.