Azzad Asset Management Inc. ADV Purchases 296 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Azzad Asset Management Inc. ADV grew its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,542 shares of the technology company’s stock after acquiring an additional 296 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Trade Desk were worth $5,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Trade Desk by 3.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company’s stock valued at $165,937,000 after buying an additional 59,161 shares during the last quarter. CAP Partners LLC boosted its position in shares of Trade Desk by 5.8% during the first quarter. CAP Partners LLC now owns 5,823 shares of the technology company’s stock valued at $509,000 after buying an additional 318 shares during the last quarter. Congress Wealth Management LLC DE boosted its position in shares of Trade Desk by 9.0% during the first quarter. Congress Wealth Management LLC DE now owns 134,103 shares of the technology company’s stock valued at $11,723,000 after buying an additional 11,086 shares during the last quarter. Blue Zone Wealth Advisors LLC boosted its position in Trade Desk by 1.3% in the first quarter. Blue Zone Wealth Advisors LLC now owns 65,324 shares of the technology company’s stock worth $5,711,000 after purchasing an additional 869 shares during the last quarter. Finally, Waterway Wealth Management LLC purchased a new position in Trade Desk in the first quarter worth $204,000. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TTD shares. DA Davidson boosted their price objective on Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Royal Bank of Canada boosted their price objective on Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Loop Capital boosted their price objective on Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Jefferies Financial Group raised Trade Desk from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $95.00 to $105.00 in a research report on Thursday, May 2nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $105.00 price target on shares of Trade Desk in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Insider Activity

In other news, Director Gokul Rajaram sold 2,415 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the transaction, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction on Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares in the company, valued at $18,337,951.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 2,415 shares of Trade Desk stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the transaction, the director now owns 34,056 shares of the company’s stock, valued at approximately $3,334,763.52. The disclosure for this sale can be found here. Insiders sold a total of 340,154 shares of company stock worth $31,128,226 in the last quarter. 10.18% of the stock is owned by company insiders.

Trade Desk Trading Up 1.6 %

Shares of TTD stock traded up $1.59 during trading hours on Wednesday, reaching $99.93. The company’s stock had a trading volume of 1,164,025 shares, compared to its average volume of 4,186,476. The stock has a market capitalization of $48.88 billion, a P/E ratio of 245.86, a P/E/G ratio of 5.00 and a beta of 1.48. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $100.25. The firm’s fifty day simple moving average is $92.96 and its 200 day simple moving average is $82.79.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.85 earnings per share for the current fiscal year.

Trade Desk 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.