Sciencast Management LP Acquires Shares of 8,525 The Trade Desk, Inc. (NASDAQ:TTD)

Sciencast Management LP bought a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the 1st quarter, Holdings Channel.com reports. The firm bought 8,525 shares of the technology company’s stock, valued at approximately $745,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Assets Advisory LLC acquired a new stake in Trade Desk in the first quarter valued at $2,626,000. Franklin Resources Inc. boosted its holdings in Trade Desk by 15.7% during the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after buying an additional 53,441 shares in the last quarter. Nordea Investment Management AB grew its position in Trade Desk by 31.7% during the fourth quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock worth $44,226,000 after buying an additional 147,717 shares during the period. Asset Management One Co. Ltd. increased its holdings in Trade Desk by 30.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock valued at $21,078,000 after buying an additional 67,520 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Trade Desk by 12.8% during the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after acquiring an additional 28,714 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the transaction, the chief financial officer now owns 703,038 shares in the company, valued at approximately $70,606,106.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $70,606,106.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 365,154 shares of company stock valued at $33,638,976. 10.18% of the stock is currently owned by corporate insiders.

Trade Desk Stock Up 0.9 %

Shares of TTD stock traded up $0.91 on Friday, reaching $99.48. 3,159,384 shares of the stock were exchanged, compared to its average volume of 4,152,989. The stock has a market cap of $48.66 billion, a P/E ratio of 248.71, a price-to-earnings-growth ratio of 5.11 and a beta of 1.48. The firm has a 50 day moving average of $95.28 and a two-hundred day moving average of $84.04. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $102.67.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $491.25 million during the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. On average, equities research analysts predict that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Trade Desk in a report on Tuesday. Piper Sandler restated an “overweight” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. Wedbush began coverage on shares of Trade Desk in a research report on Monday, June 17th. They issued an “outperform” rating and a $110.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, DA Davidson lifted their target price on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.