The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. raised its position in The Trade Desk, Inc. (NASDAQ:TTD) by 119.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 299 shares of the technology company’s stock after acquiring an additional 163 shares during the period. Pinnacle Bancorp Inc.’s holdings in Trade Desk were worth $26,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake 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 purchasing an additional 818,568 shares during the period. Jennison Associates LLC lifted its stake in shares of Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after purchasing an additional 6,978,352 shares during the period. Norges Bank acquired a new stake in shares of Trade Desk in the fourth quarter valued at about $255,316,000. Goldman Sachs Group Inc. lifted its stake in shares of Trade Desk by 10.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,214,832 shares of the technology company’s stock valued at $159,379,000 after purchasing an additional 209,222 shares during the period. Finally, ARK Investment Management LLC lifted its stake in shares of Trade Desk by 1,162.0% in the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after purchasing an additional 1,979,319 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on TTD shares. Loop Capital raised their price objective on shares of Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Susquehanna restated a “positive” rating and set a $110.00 target price on shares of Trade Desk in a report on Thursday, May 16th. Stifel Nicolaus raised their target price on shares of Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a report on Thursday, May 9th. Finally, Royal Bank of Canada lifted their price target on shares of Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Trade Desk Trading Down 0.6 %

NASDAQ TTD opened at $97.67 on Friday. The company’s fifty day simple moving average is $92.22 and its 200-day simple moving average is $82.34. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $99.54. The stock has a market cap of $47.77 billion, a P/E ratio of 244.18, a PEG ratio of 5.03 and a beta of 1.49.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The business had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $480.03 million. On average, research analysts expect that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.92, for a total transaction of $236,476.80. Following the transaction, the director now directly owns 34,056 shares of the company’s stock, valued at $3,334,763.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Gokul Rajaram sold 2,415 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the sale, the director now directly owns 34,056 shares of the company’s stock, valued at $3,334,763.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Laura Schenkein sold 43,705 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 703,038 shares in the company, valued at $67,055,764.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 264,727 shares of company stock valued at $23,117,417. Corporate insiders own 10.18% of the company’s stock.

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.