Renaissance Technologies LLC trimmed its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 70.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,900 shares of the technology company’s stock after selling 211,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Trade Desk were worth $8,585,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. raised its holdings in Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after purchasing an additional 163 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Trade Desk in the 1st quarter worth $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk in the second quarter valued at $30,000. Bogart Wealth LLC boosted its stake in Trade Desk by 194.7% during the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after buying an additional 222 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new position in Trade Desk during the second quarter worth about $37,000. 67.77% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Trade Desk
In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the completion of the transaction, the chief executive officer now owns 765,180 shares of the company’s stock, valued at approximately $83,764,254.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $109.47, for a total value of $21,894,000.00. Following the completion of the sale, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at $83,764,254.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. The disclosure for this sale can be found here. In the last three months, insiders have sold 996,748 shares of company stock worth $104,640,053. 10.18% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Get Our Latest Research Report on TTD
Trade Desk Trading Up 2.1 %
Trade Desk stock opened at $110.79 on Wednesday. The company has a market capitalization of $54.19 billion, a P/E ratio of 276.98, a P/E/G ratio of 5.07 and a beta of 1.48. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $111.80. The firm’s fifty day simple moving average is $99.11 and its 200-day simple moving average is $93.47.
Trade Desk (NASDAQ:TTD – Get Free Report) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $578.03 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. On average, equities research analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current 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.
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