Traynor Capital Management Inc. Has $425,000 Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Traynor Capital Management Inc. increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,864 shares of the technology company’s stock after purchasing an additional 193 shares during the period. Traynor Capital Management Inc.’s holdings in Trade Desk were worth $425,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in Trade Desk by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after acquiring an additional 53,441 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Trade Desk by 31.7% in the fourth quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock worth $44,226,000 after acquiring an additional 147,717 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Trade Desk by 30.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock worth $21,078,000 after acquiring an additional 67,520 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Trade Desk by 12.8% in the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after purchasing an additional 28,714 shares in the last quarter. Finally, Deane Retirement Strategies Inc. lifted its holdings in shares of Trade Desk by 126.8% in the fourth quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company’s stock valued at $1,887,000 after purchasing an additional 14,662 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $86.41, for a total value of $224,666.00. Following the completion of the sale, the chief executive officer now owns 974,022 shares of the company’s stock, valued at approximately $84,165,241.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total value of $4,168,582.90. Following the completion of the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $86.41, for a total value of $224,666.00. Following the transaction, the chief executive officer now owns 974,022 shares in the company, valued at approximately $84,165,241.02. The disclosure for this sale can be found here. Insiders sold a total of 262,312 shares of company stock valued at $22,880,941 over the last 90 days. Insiders own 10.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TTD shares. Jefferies Financial Group upgraded 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. Susquehanna reiterated a “positive” rating and set a $110.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Piper Sandler reiterated an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a report on Tuesday, June 11th. Royal Bank of Canada raised their target price on Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Finally, Truist Financial reissued a “buy” rating and issued a $105.00 target price on shares of Trade Desk in a research report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $93.69.

Trade Desk Stock Down 2.0 %

Shares of TTD stock opened at $95.76 on Tuesday. The business has a 50-day moving average price of $90.80 and a two-hundred day moving average price of $81.74. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $99.54. The firm has a market cap of $46.84 billion, a P/E ratio of 239.41, a price-to-earnings-growth ratio of 5.00 and a beta of 1.49.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $480.03 million. As a group, research analysts expect that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal 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.