Kesler Norman & Wride LLC Makes New $977,000 Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Kesler Norman & Wride LLC bought a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,911 shares of the technology company’s stock, valued at approximately $977,000.

Other hedge funds have also added to or reduced their stakes in the company. Apella Capital LLC raised its stake in shares of Trade Desk by 1.9% in the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after buying an additional 100 shares during the period. Wealth Alliance raised its stake 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 valued at $1,810,000 after buying an additional 106 shares during the period. Parisi Gray Wealth Management raised its stake in shares of Trade Desk by 2.6% in the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock valued at $486,000 after buying an additional 111 shares during the period. RFP Financial Group LLC raised its stake in shares of Trade Desk by 26.4% in 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. Finally, HBK Sorce Advisory LLC raised its stake in shares of Trade Desk by 2.0% in the second quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock valued at $612,000 after buying an additional 125 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TTD has been the topic of several research reports. Royal Bank of Canada boosted their target price on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Citigroup boosted their price objective on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 9th. BTIG Research boosted their price objective on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Oppenheimer boosted their price objective on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Moffett Nathanson started coverage on Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.89.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total value of $22,108,000.00. Following the completion of the transaction, the chief executive officer now owns 365,180 shares in the company, valued at $40,366,997.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total value of $22,108,000.00. Following the completion of the transaction, the chief executive officer now owns 365,180 shares in the company, valued at $40,366,997.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the transaction, the insider now owns 178,853 shares of the company’s stock, valued at $19,432,378.45. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,052,248 shares of company stock worth $112,842,406 in the last quarter. 10.18% of the stock is owned by company insiders.

Trade Desk Stock Performance

NASDAQ TTD opened at $111.80 on Tuesday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $113.84. The stock has a 50 day simple moving average of $101.91 and a two-hundred day simple moving average of $95.37. The stock has a market cap of $54.68 billion, a P/E ratio of 279.50, a price-to-earnings-growth ratio of 5.23 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last released 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. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter last year, the business posted $0.07 EPS. The business’s revenue was up 25.9% on a year-over-year basis. Sell-side analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current 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.