Lazari Capital Management Inc. Takes $316,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Lazari Capital Management Inc. acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,237 shares of the technology company’s stock, valued at approximately $316,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its holdings in Trade Desk by 12.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the technology company’s stock worth $522,000 after purchasing an additional 798 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Trade Desk by 4.7% in the 4th quarter. Stifel Financial Corp now owns 234,403 shares of the technology company’s stock worth $16,868,000 after purchasing an additional 10,560 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new position in Trade Desk during the 4th quarter worth $296,000. Allianz Asset Management GmbH increased its position in Trade Desk by 16.1% during the 4th quarter. Allianz Asset Management GmbH now owns 52,702 shares of the technology company’s stock valued at $3,792,000 after buying an additional 7,289 shares in the last quarter. Finally, Scotia Capital Inc. raised its stake in Trade Desk by 5.6% in the fourth quarter. Scotia Capital Inc. now owns 3,144 shares of the technology company’s stock valued at $226,000 after buying an additional 167 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total value of $2,510,750.00. Following the completion of the transaction, the chief financial officer now owns 703,038 shares in the company, valued at $70,606,106.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the completion of the sale, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at $70,606,106.34. The disclosure for this sale can be found here. Insiders have sold 1,056,669 shares of company stock worth $113,117,247 over the last three months. Insiders own 10.18% of the company’s stock.

Trade Desk Stock Down 0.8 %

Shares of Trade Desk stock opened at $108.72 on Wednesday. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $112.22. The company has a market capitalization of $53.18 billion, a P/E ratio of 271.80, a P/E/G ratio of 5.27 and a beta of 1.48. The company has a 50 day moving average of $100.15 and a 200 day moving average of $94.31.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm 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 posted $0.07 earnings per share. As a group, research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TTD shares. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday. Truist Financial increased their price target on shares of Trade Desk from $105.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Citigroup increased their price target on Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Royal Bank of Canada upped their price objective on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four 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 $109.43.

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.