Trade Desk (NASDAQ:TTD) Trading Up 1%

Shares of The Trade Desk, Inc. (NASDAQ:TTD) were up 1% during mid-day trading on Thursday . The company traded as high as $92.55 and last traded at $90.21. Approximately 1,330,029 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 4,121,066 shares. The stock had previously closed at $89.32.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TTD shares. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of Trade Desk in a research report on Thursday. Susquehanna restated a “positive” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Thursday, May 16th. Jefferies Financial Group upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and boosted their price objective for the company from $95.00 to $105.00 in a research report on Thursday, May 2nd. DA Davidson boosted their price objective on shares of Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.38.

Trade Desk Stock Up 1.7 %

The firm has a market capitalization of $45.21 billion, a PE ratio of 231.08, a PEG ratio of 4.65 and a beta of 1.48. The firm’s fifty day simple moving average is $96.67 and its 200-day simple moving average is $85.63.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. As a group, analysts predict that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the transaction, the chief executive officer now directly owns 824,022 shares of the company’s stock, valued at $69,605,138.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the completion of the transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the transaction, the chief executive officer now directly owns 824,022 shares of the company’s stock, valued at $69,605,138.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,909 shares of company stock valued at $27,162,851. Insiders own 10.18% of the company’s stock.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. Pinnacle Bancorp Inc. increased its holdings in Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co bought a new position in shares of Trade Desk in the first quarter worth approximately $27,000. Bogart Wealth LLC boosted its position in shares of Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares during the period. Transcendent Capital Group LLC bought a new position in shares of Trade Desk in the second quarter worth approximately $30,000. Finally, Level Financial Advisors Inc. boosted its position in shares of Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

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.