Trade Desk (NASDAQ:TTD) Trading 1.8% Higher

The Trade Desk, Inc. (NASDAQ:TTD)’s stock price was up 1.8% on Tuesday . The company traded as high as $85.29 and last traded at $84.70. Approximately 694,944 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 4,112,335 shares. The stock had previously closed at $83.22.

Wall Street Analyst Weigh In

Several research firms recently commented on TTD. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Monday, July 22nd. Macquarie upped their target price on Trade Desk from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday. Stifel Nicolaus upped their price target on shares of Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, KeyCorp raised their price objective on shares of Trade Desk from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.17.

Trade Desk Trading Up 4.0 %

The firm has a 50-day moving average price of $95.21 and a 200-day moving average price of $87.08. The company has a market capitalization of $43.18 billion, a price-to-earnings ratio of 220.68, a PEG ratio of 4.34 and a beta of 1.48.

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

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was 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 directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the sale, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the completion of the transaction, the chief financial officer now 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 213,909 shares of company stock worth $20,827,601 in the last ninety days. 10.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Trade Desk

Several large investors have recently added to or reduced their stakes in TTD. Vanguard Group Inc. lifted its position in shares of Trade Desk by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after purchasing an additional 818,568 shares in the last quarter. Jennison Associates LLC increased its stake in Trade Desk by 91.7% in the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after buying an additional 6,978,352 shares during the period. Norges Bank purchased a new stake in Trade Desk in the 4th quarter worth approximately $255,316,000. 1832 Asset Management L.P. acquired a new stake in shares of Trade Desk during the 1st quarter valued at $225,710,000. Finally, Jericho Capital Asset Management L.P. grew its holdings in shares of Trade Desk by 4.3% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock valued at $211,500,000 after acquiring an additional 100,000 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

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.