34,447 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 34,447 shares of the technology company’s stock, valued at approximately $3,011,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Trade Desk by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after purchasing an additional 818,568 shares during the last quarter. Jennison Associates LLC grew its position in shares of Trade Desk by 91.7% in the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after buying an additional 6,978,352 shares during the last quarter. Norges Bank purchased a new position in shares of Trade Desk in the 4th quarter valued at $255,316,000. Northern Trust Corp grew its position in shares of Trade Desk by 3.6% in the 3rd quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company’s stock valued at $223,593,000 after buying an additional 98,286 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Trade Desk by 10.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,214,832 shares of the technology company’s stock valued at $159,379,000 after buying an additional 209,222 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TTD. BMO Capital Markets reaffirmed an “outperform” rating and issued a $108.00 target price (up from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Citigroup increased their price target 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. Truist Financial reiterated a “buy” rating and set a $105.00 price target on shares of Trade Desk in a research note on Thursday, May 16th. Jefferies Financial Group upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and increased their price target for the stock from $95.00 to $105.00 in a research note on Thursday, May 2nd. Finally, Wedbush started coverage on shares of Trade Desk in a research note on Monday, June 17th. They set an “outperform” rating and a $110.00 price target for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.69.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction dated 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 completion of 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 accessible through this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 66,007 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the completion of the transaction, the chief executive officer now directly owns 1,051,622 shares in the company, valued at approximately $91,890,730.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The disclosure for this sale can be found here. In the last three months, insiders sold 337,312 shares of company stock worth $29,287,441. 10.18% of the stock is owned by corporate insiders.

Trade Desk Stock Up 0.4 %

Shares of NASDAQ TTD opened at $97.71 on Friday. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $99.54. The firm has a 50-day moving average price of $90.50 and a 200 day moving average price of $81.46. The stock has a market capitalization of $47.79 billion, a price-to-earnings ratio of 244.28, a price-to-earnings-growth ratio of 4.98 and a beta of 1.49.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The firm had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Equities research analysts expect that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal 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.