Certuity LLC Has $968,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Certuity LLC grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,916 shares of the technology company’s stock after purchasing an additional 251 shares during the period. Certuity LLC’s holdings in Trade Desk were worth $968,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Apella Capital LLC boosted its position in 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 in the last quarter. RFP Financial Group LLC boosted its holdings in shares of Trade Desk by 26.4% in the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock worth $54,000 after acquiring an additional 116 shares in the last quarter. Diversify Advisory Services LLC grew its position in Trade Desk by 4.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after acquiring an additional 127 shares during the last quarter. Mayflower Financial Advisors LLC increased its holdings in Trade Desk by 3.2% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,187 shares of the technology company’s stock valued at $409,000 after purchasing an additional 129 shares in the last quarter. Finally, Brookstone Capital Management raised its position in Trade Desk by 3.0% in the 2nd quarter. Brookstone Capital Management now owns 4,612 shares of the technology company’s stock valued at $439,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTD. Stifel Nicolaus restated a “buy” rating and issued a $111.00 target price (up from $105.00) on shares of Trade Desk in a research note on Friday, August 9th. Piper Sandler reiterated an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research report on Tuesday, June 11th. Susquehanna raised their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a report on Friday, August 9th. Benchmark upped their price objective on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. Finally, Oppenheimer lifted their target price on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.85.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $100.31 on Friday. The firm has a market cap of $49.06 billion, a price-to-earnings ratio of 250.78, a price-to-earnings-growth ratio of 5.14 and a beta of 1.48. The stock’s 50-day moving average is $97.62 and its 200-day moving average is $91.49. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $105.39.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. On average, equities analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the sale, the chief financial officer now directly owns 703,038 shares in the company, valued at approximately $67,055,764.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jay R. Grant sold 141,434 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the completion of the sale, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 642,868 shares of company stock worth $65,415,112. 10.18% of the stock is owned by insiders.

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.