The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 299.3% during the 1st quarter, Holdings Channel reports. The fund owned 27,792 shares of the technology company’s stock after buying an additional 20,831 shares during the quarter. Quantbot Technologies LP’s holdings in Trade Desk were worth $2,430,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its stake in shares of Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after purchasing an additional 163 shares during the period. Riverview Trust Co acquired a new stake in shares of Trade Desk during the 1st quarter valued at approximately $27,000. Bogart Wealth LLC boosted its stake in shares of Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after acquiring an additional 222 shares in the last quarter. Level Financial Advisors Inc. grew its holdings in shares of Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring an additional 150 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research note on Tuesday, June 11th. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Citigroup raised their price objective on shares of Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. BMO Capital Markets reiterated an “outperform” rating and set a $108.00 price objective (up previously from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Finally, DA Davidson upped their target price on shares of Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a 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 MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the transaction, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Trade Desk news, Director Gokul Rajaram sold 2,415 shares of Trade Desk stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.92, for a total transaction of $236,476.80. Following the sale, the director now directly owns 34,056 shares in the company, valued at approximately $3,334,763.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $86.41, for a total transaction of $224,666.00. Following the sale, the chief executive officer now directly owns 974,022 shares of the company’s stock, valued at approximately $84,165,241.02. The disclosure for this sale can be found here. Insiders sold 365,154 shares of company stock valued at $33,638,976 over the last 90 days. 10.18% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

Trade Desk stock traded up $0.91 during trading on Friday, reaching $99.48. 3,159,384 shares of the company’s stock were exchanged, compared to its average volume of 4,152,989. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $102.67. The firm has a market cap of $48.66 billion, a price-to-earnings ratio of 248.71, a PEG ratio of 5.11 and a beta of 1.48. The company’s 50-day moving average is $95.28 and its two-hundred day moving average is $84.04.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. Analysts anticipate that The Trade Desk, Inc. will post 0.85 EPS for the current year.

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.