The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by CAP Partners LLC

CAP Partners LLC raised its position in The Trade Desk, Inc. (NASDAQ:TTD) by 8.5% in the second quarter, Holdings Channel reports. The fund owned 6,317 shares of the technology company’s stock after buying an additional 494 shares during the period. CAP Partners LLC’s holdings in Trade Desk were worth $617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in Trade Desk by 91.7% during the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after acquiring an additional 6,978,352 shares in the last quarter. Norges Bank purchased a new stake in shares of Trade Desk during the fourth quarter worth approximately $255,316,000. 1832 Asset Management L.P. acquired a new stake in shares of Trade Desk during the first quarter worth $225,710,000. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after acquiring an additional 818,568 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Trade Desk by 81.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company’s stock valued at $105,472,000 after purchasing an additional 659,337 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the sale, the director now owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now directly owns 703,038 shares in the company, valued at approximately $67,055,764.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the business’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 sale, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. 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 90 days. 10.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of recent analyst reports. Benchmark upped their price target on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research note on Friday, August 9th. Oppenheimer raised their price objective on shares of Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Robert W. Baird upped their target price on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Morgan Stanley raised their price target on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Macquarie restated an “outperform” rating and issued a $115.00 price objective on shares of Trade Desk in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.26.

Trade Desk Stock Performance

Trade Desk stock traded up $0.93 during trading on Friday, reaching $101.43. 3,519,167 shares of the company’s stock were exchanged, compared to its average volume of 4,624,488. 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 $49.61 billion, a price-to-earnings ratio of 253.58, a PEG ratio of 5.01 and a beta of 1.48. The company’s 50-day moving average is $95.73 and its two-hundred day moving average is $88.31.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Trade Desk Company 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.