The Trade Desk, Inc. (NASDAQ:TTD) is Carroll Investors Inc’s 10th Largest Position

Carroll Investors Inc raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,442 shares of the technology company’s stock after buying an additional 1,199 shares during the quarter. Trade Desk comprises approximately 3.3% of Carroll Investors Inc’s holdings, making the stock its 10th largest position. Carroll Investors Inc’s holdings in Trade Desk were worth $4,321,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its holdings in Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares in the last quarter. Riverview Trust Co purchased a new position in shares of Trade Desk in the first quarter valued at $27,000. Bogart Wealth LLC grew its holdings in shares of Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing 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 fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Trade Desk by 889.4% in the fourth 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 owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total value of $2,510,750.00. Following the transaction, the chief financial officer now owns 703,038 shares in the company, valued at $70,606,106.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total value of $2,510,750.00. Following the transaction, the chief financial officer now owns 703,038 shares in the company, valued at $70,606,106.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the completion of the transaction, the chief executive officer now owns 824,022 shares in the company, valued at approximately $69,605,138.34. The disclosure for this sale can be found here. Insiders have sold 288,909 shares of company stock worth $27,162,851 over the last quarter. Insiders own 10.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TTD shares. Morgan Stanley raised their target price on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and raised their target price for the company from $95.00 to $105.00 in a report on Thursday, May 2nd. Citigroup raised their price target on Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. 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. Finally, Oppenheimer raised their price target on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.38.

Trade Desk Trading Up 1.7 %

Shares of Trade Desk stock traded up $1.55 during trading on Friday, hitting $92.43. 2,700,022 shares of the stock traded hands, compared to its average volume of 3,455,347. The firm has a market cap of $45.21 billion, a P/E ratio of 231.08, a price-to-earnings-growth ratio of 4.73 and a beta of 1.48. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $102.67. The stock’s fifty day simple moving average is $96.63 and its 200 day simple moving average is $86.04.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $491.25 million for 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%. As a group, equities analysts expect that The Trade Desk, Inc. will post 0.85 EPS for the current year.

Trade Desk Profile

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.