In Depth Partners LLC Has $13.26 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

In Depth Partners LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 2.7% in the 1st quarter, HoldingsChannel reports. The firm owned 151,630 shares of the technology company’s stock after purchasing an additional 4,057 shares during the quarter. Trade Desk accounts for approximately 10.4% of In Depth Partners LLC’s portfolio, making the stock its 4th largest position. In Depth Partners LLC’s holdings in Trade Desk were worth $13,255,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its position in Trade Desk by 119.9% in the 1st 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 last quarter. Riverview Trust Co bought a new position in Trade Desk in the 1st quarter valued at $27,000. Bogart Wealth LLC raised its position in Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the last quarter. Level Financial Advisors Inc. raised its position in Trade Desk by 50.0% in the 4th 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 during the last quarter. Finally, Jones Financial Companies Lllp raised its position 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 during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now directly owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 188,236 shares in the company, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. Insiders sold 213,909 shares of company stock valued at $20,827,601 over the last three months. Company insiders own 10.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their target price on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Morgan Stanley boosted their target price on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. BMO Capital Markets restated an “outperform” rating and set a $108.00 target price (up previously from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Truist Financial restated a “buy” rating and set a $105.00 target price on shares of Trade Desk in a research report on Thursday, May 16th. Finally, Citigroup boosted their target price on Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $101.17.

Trade Desk Stock Performance

NASDAQ:TTD traded down $2.37 on Tuesday, reaching $89.84. The company’s stock had a trading volume of 3,442,072 shares, compared to its average volume of 4,118,946. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $102.67. The firm has a market cap of $43.94 billion, a PE ratio of 224.61, a PEG ratio of 4.73 and a beta of 1.48. The business’s 50-day moving average price is $96.40 and its two-hundred day moving average price is $86.37.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The firm had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. As a group, sell-side analysts expect 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.