Texas Yale Capital Corp. lowered its position in shares of Trade Desk Inc (NASDAQ:TTD) by 49.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,769 shares of the technology company’s stock after selling 14,531 shares during the quarter. Texas Yale Capital Corp.’s holdings in Trade Desk were worth $3,364,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Valeo Financial Advisors LLC grew its stake in shares of Trade Desk by 59.0% during the second quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock worth $36,000 after purchasing an additional 59 shares during the period. WINTON GROUP Ltd grew its stake in shares of Trade Desk by 3.3% during the second quarter. WINTON GROUP Ltd now owns 2,201 shares of the technology company’s stock worth $501,000 after purchasing an additional 71 shares during the period. Cypress Asset Management Inc. TX grew its stake in shares of Trade Desk by 1.1% during the first quarter. Cypress Asset Management Inc. TX now owns 7,175 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 75 shares during the period. Camelot Portfolios LLC grew its stake in shares of Trade Desk by 2.4% during the first quarter. Camelot Portfolios LLC now owns 3,763 shares of the technology company’s stock worth $745,000 after purchasing an additional 88 shares during the period. Finally, Roman Butler Fullerton & Co. grew its stake in shares of Trade Desk by 3.7% during the second quarter. Roman Butler Fullerton & Co. now owns 3,212 shares of the technology company’s stock worth $732,000 after purchasing an additional 114 shares during the period. 67.25% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. BidaskClub raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Friday. Jefferies Financial Group cut Trade Desk from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $225.00 to $250.00 in a research note on Thursday, July 18th. Zacks Investment Research cut Trade Desk from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 13th. DA Davidson lifted their price objective on Trade Desk to $220.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, TheStreet cut Trade Desk from a “b-” rating to a “c-” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $197.24.
In other news, insider Vivian Yang sold 4,668 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $246.44, for a total value of $1,150,381.92. Following the sale, the insider now directly owns 43,366 shares in the company, valued at $10,687,117.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian John Stempeck sold 20,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $262.56, for a total value of $5,251,200.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,133 shares of company stock valued at $30,688,941. Insiders own 17.44% of the company’s stock.
NASDAQ:TTD traded down $3.66 on Friday, reaching $260.98. The company’s stock had a trading volume of 1,193,261 shares, compared to its average volume of 1,252,397. Trade Desk Inc has a 1-year low of $85.76 and a 1-year high of $279.71. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.15. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 135.93, a PEG ratio of 7.25 and a beta of 2.72. The stock’s 50-day moving average price is $244.26.
Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 9th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.42. Trade Desk had a return on equity of 24.41% and a net margin of 17.41%. The firm had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $117.13 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The company’s revenue was up 41.2% on a year-over-year basis. As a group, equities research analysts forecast that Trade Desk Inc will post 1.83 earnings per share for the current fiscal year.
Trade Desk Company Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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