Benjamin F. Edwards & Company Inc. Purchases 12,500 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Benjamin F. Edwards & Company Inc. grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 64.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,761 shares of the technology company’s stock after acquiring an additional 12,500 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Trade Desk were worth $3,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Assets Advisory LLC acquired a new stake in shares of Trade Desk during the 1st quarter worth about $2,626,000. Franklin Resources Inc. lifted its stake in shares of Trade Desk by 15.7% during the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after buying an additional 53,441 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Trade Desk by 11.4% during the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after buying an additional 70,201 shares during the last quarter. Nicholas Company Inc. lifted its stake in shares of Trade Desk by 64.9% during the 4th quarter. Nicholas Company Inc. now owns 776,425 shares of the technology company’s stock worth $55,872,000 after buying an additional 305,615 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Trade Desk during the 1st quarter worth about $3,011,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 0.6 %

Shares of Trade Desk stock opened at $109.51 on Friday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $111.80. The firm has a market capitalization of $53.56 billion, a PE ratio of 273.78, a price-to-earnings-growth ratio of 5.07 and a beta of 1.48. The firm’s 50 day moving average is $98.75 and its 200 day moving average is $93.00.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping 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 period 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. As a group, research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the business’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 transaction of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the transaction, the insider now owns 188,236 shares in the company, valued at approximately $18,337,951.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction 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 approximately $39,682,694.40. The disclosure for this sale can be found here. Insiders have sold 596,748 shares of company stock valued at $61,010,053 in the last ninety days. 10.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TTD shares. Piper Sandler restated an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research note on Tuesday, June 11th. Wolfe Research started coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. Susquehanna lifted 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. Finally, Bank of America started coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $109.05.

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.