The Trade Desk, Inc. (NASDAQ:TTD) Position Trimmed by Evolutionary Tree Capital Management LLC

Evolutionary Tree Capital Management LLC reduced its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 36.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,921 shares of the technology company’s stock after selling 9,598 shares during the quarter. Trade Desk makes up 1.7% of Evolutionary Tree Capital Management LLC’s portfolio, making the stock its 24th biggest position. Evolutionary Tree Capital Management LLC’s holdings in Trade Desk were worth $1,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Pinnacle Bancorp Inc. grew its stake in Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co bought a new position in shares of Trade Desk during the first quarter worth about $27,000. Bogart Wealth LLC increased its holdings in shares of Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after acquiring an additional 222 shares during the period. Transcendent Capital Group LLC bought a new stake in Trade Desk in the 2nd quarter valued at about $30,000. Finally, Jones Financial Companies Lllp boosted its stake in Trade Desk by 889.4% during 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 period. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price target on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 9th. Loop Capital lifted their target price on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 26th. KeyCorp increased their price target on Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Susquehanna lifted their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research note on Friday, August 9th. Finally, Wedbush reiterated an “outperform” rating and issued a $115.00 target price (up previously from $110.00) on shares of Trade Desk in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $109.05.

Trade Desk Stock Down 0.6 %

Shares of NASDAQ:TTD opened at $109.51 on Friday. The company’s fifty day moving average is $98.75 and its two-hundred day moving average is $93.00. The company has a market cap of $53.56 billion, a P/E ratio of 273.78, a price-to-earnings-growth ratio of 5.07 and a beta of 1.48. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $111.80.

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

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the transaction, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the transaction, the chief financial officer now directly owns 703,038 shares in the company, valued at $70,606,106.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the sale, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 596,748 shares of company stock valued at $61,010,053. Corporate insiders own 10.18% of the company’s stock.

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.