The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Everpar Advisors LLC

Everpar Advisors LLC grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 18.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,846 shares of the technology company’s stock after acquiring an additional 435 shares during the quarter. Everpar Advisors LLC’s holdings in Trade Desk were worth $278,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TTD. Cerity Partners LLC lifted its holdings in Trade Desk by 19.3% in the fourth quarter. Cerity Partners LLC now owns 33,294 shares of the technology company’s stock valued at $2,396,000 after acquiring an additional 5,380 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Trade Desk in the 4th quarter valued at $85,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Trade Desk by 1.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,720 shares of the technology company’s stock worth $5,809,000 after purchasing an additional 1,221 shares during the period. Rakuten Securities Inc. acquired a new stake in shares of Trade Desk during the 4th quarter worth about $63,000. Finally, Key Financial Inc raised its holdings in Trade Desk by 2,900.0% in the 4th quarter. Key Financial Inc now owns 1,200 shares of the technology company’s stock valued at $86,000 after buying an additional 1,160 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TTD shares. Piper Sandler reiterated an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 target price (up previously from $105.00) on shares of Trade Desk in a research report on Friday, August 9th. Royal Bank of Canada boosted their price target on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. KeyCorp increased their price objective on Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC increased their price target on Trade Desk from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.26.

Insider Buying and Selling

In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the business’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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the 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 sale, the insider now owns 188,236 shares in the company, valued at approximately $18,337,951.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $95.38, for a total value 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. Insiders have sold 213,909 shares of company stock valued at $20,827,601 over the last quarter. Company insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD traded up $0.93 on Friday, reaching $101.43. The company’s stock had a trading volume of 3,519,167 shares, compared to its average volume of 4,624,488. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $102.67. The stock has a market capitalization of $49.61 billion, a P/E ratio of 253.58, a PEG ratio of 5.01 and a beta of 1.48. The stock’s 50-day moving average is $95.73 and its two-hundred day moving average is $88.31.

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

About Trade Desk

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.