The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Wedmont Private Capital

Wedmont Private Capital grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 14.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,100 shares of the technology company’s stock after purchasing an additional 389 shares during the period. Wedmont Private Capital’s holdings in Trade Desk were worth $308,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TTD. Global Assets Advisory LLC acquired a new stake in Trade Desk during the first quarter valued at approximately $2,626,000. Franklin Resources Inc. grew its position in Trade Desk by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock valued at $28,346,000 after acquiring an additional 53,441 shares during the period. Nordea Investment Management AB lifted its position in Trade Desk by 11.4% during the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after buying an additional 70,201 shares in the last quarter. Nicholas Company Inc. boosted its stake in shares of Trade Desk by 64.9% in the 4th quarter. Nicholas Company Inc. now owns 776,425 shares of the technology company’s stock valued at $55,872,000 after purchasing an additional 305,615 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in shares of Trade Desk in the 1st quarter valued at $3,011,000. 67.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TTD. KeyCorp upped their price target on shares of Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus reissued a “buy” rating and set a $111.00 target price (up previously from $105.00) on shares of Trade Desk in a research report on Friday. Wolfe Research assumed coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $108.00 price objective (up from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Finally, DA Davidson increased their price objective on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. One 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 given a strong buy rating to the company. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $107.26.

Trade Desk Trading Up 1.3 %

TTD stock traded up $1.28 during midday trading on Tuesday, hitting $98.32. 3,643,218 shares of the company’s stock were exchanged, compared to its average volume of 4,208,985. The business has a 50-day simple moving average of $95.42 and a two-hundred day simple moving average of $87.72. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $102.67. The stock has a market capitalization of $48.09 billion, a PE ratio of 242.61, a P/E/G ratio of 5.09 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, research analysts expect 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 2,415 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.92, for a total transaction of $236,476.80. Following the transaction, the director now directly owns 34,056 shares in the company, valued at $3,334,763.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Trade Desk news, 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 in the company, valued at approximately $3,334,763.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 141,434 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were 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 directly owns 188,236 shares in the company, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. Insiders sold a total of 213,909 shares of company stock worth $20,827,601 in the last 90 days. Company insiders own 10.18% of the company’s stock.

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.