The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Sunbelt Securities Inc.

Sunbelt Securities Inc. increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,751 shares of the technology company’s stock after purchasing an additional 852 shares during the period. Sunbelt Securities Inc.’s holdings in Trade Desk were worth $1,538,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TTD. 1832 Asset Management L.P. acquired a new stake in shares of Trade Desk during the 1st quarter worth approximately $225,710,000. Marshall Wace LLP increased its stake in Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after acquiring an additional 872,555 shares during the last quarter. Vanguard Group Inc. raised its position in Trade Desk by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after purchasing an additional 818,568 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Trade Desk by 3,973.6% in the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock valued at $43,836,000 after purchasing an additional 437,967 shares during the last quarter. Finally, Steadfast Capital Management LP grew its holdings in shares of Trade Desk by 78.3% during the 1st quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after purchasing an additional 431,600 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TTD. Wedbush reaffirmed 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. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 price objective on shares of Trade Desk in a research report on Tuesday, June 11th. Bank of America assumed coverage on shares of Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $115.00 price target on shares of Trade Desk in a research note on Wednesday, September 11th. Finally, Wolfe Research started coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.05.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,606 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the sale, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,056,669 shares of company stock worth $113,117,247. 10.18% of the stock is currently owned by insiders.

Trade Desk Stock Up 0.2 %

Shares of Trade Desk stock opened at $109.65 on Tuesday. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $112.22. The company has a 50 day moving average of $100.15 and a 200 day moving average of $94.31. The company has a market capitalization of $53.63 billion, a P/E ratio of 274.13, a P/E/G ratio of 5.27 and a beta of 1.48.

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