Brighton Jones LLC Buys 474 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Brighton Jones LLC raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 11.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,503 shares of the technology company’s stock after buying an additional 474 shares during the quarter. Brighton Jones LLC’s holdings in Trade Desk were worth $440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Apella Capital LLC lifted its stake in Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after purchasing an additional 100 shares in the last quarter. Wealth Alliance raised its position in shares of Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after buying an additional 106 shares in the last quarter. RFP Financial Group LLC boosted its stake in Trade Desk by 26.4% during the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after buying an additional 116 shares during the period. HBK Sorce Advisory LLC grew its position in Trade Desk by 2.0% during the second quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock worth $612,000 after buying an additional 125 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its stake in Trade Desk by 4.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after acquiring an additional 127 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total value of $2,510,750.00. Following the sale, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $70,606,106.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 596,748 shares of company stock valued at $61,010,053. 10.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on TTD shares. Cantor Fitzgerald assumed coverage on Trade Desk in a report on Thursday, September 5th. They set a “neutral” rating and a $110.00 price objective for the company. Citigroup increased their price target on shares of Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. KeyCorp lifted their price objective on shares of Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Royal Bank of Canada raised their price target on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Susquehanna upped their price objective on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.05.

Trade Desk Stock Down 0.6 %

Shares of TTD stock opened at $109.51 on Friday. The stock has a fifty day moving average of $98.75 and a 200 day moving average of $93.00. The firm has a market capitalization of $53.56 billion, a price-to-earnings ratio of 273.78, a PEG ratio of 5.07 and a beta of 1.48. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $111.80.

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