The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. cut its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,126 shares of the technology company’s stock after selling 135 shares during the quarter. Benjamin Edwards Inc.’s holdings in Trade Desk were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TTD. Benjamin F. Edwards & Company Inc. boosted its position in shares of Trade Desk by 64.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 31,761 shares of the technology company’s stock valued at $3,102,000 after purchasing an additional 12,500 shares during the period. Brighton Jones LLC lifted its stake in Trade Desk by 11.8% during the second quarter. Brighton Jones LLC now owns 4,503 shares of the technology company’s stock valued at $440,000 after buying an additional 474 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Trade Desk by 17.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 44,411 shares of the technology company’s stock worth $4,337,000 after buying an additional 6,656 shares during the period. Amalgamated Bank increased its position in shares of Trade Desk by 1.2% in the second quarter. Amalgamated Bank now owns 29,871 shares of the technology company’s stock worth $2,918,000 after acquiring an additional 349 shares in the last quarter. Finally, Wealth Alliance raised its holdings in shares of Trade Desk by 0.6% during the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after acquiring an additional 106 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Down 0.6 %

NASDAQ:TTD opened at $109.51 on Friday. The company’s 50 day moving average is $98.75 and its 200-day moving average is $93.00. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $111.80. The firm has a market cap of $53.56 billion, a price-to-earnings ratio of 273.78, a P/E/G ratio of 5.07 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $578.03 million. During the same quarter last year, the firm posted $0.07 EPS. The business’s quarterly revenue was up 25.9% on a year-over-year basis. Research analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now directly owns 188,236 shares in the company, valued at $18,337,951.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 596,748 shares of company stock valued at $61,010,053. Insiders own 10.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TTD shares. Susquehanna raised their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Wedbush reiterated an “outperform” rating and set a $115.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Evercore ISI raised Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 target price (up previously from $105.00) on shares of Trade Desk in a research note on Friday, August 9th. Finally, Morgan Stanley increased their price target on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.05.

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.