The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 43.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,833 shares of the technology company’s stock after acquiring an additional 2,980 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Trade Desk were worth $960,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its holdings in Trade Desk by 36.4% in the second quarter. Oppenheimer & Co. Inc. now owns 63,219 shares of the technology company’s stock valued at $6,175,000 after acquiring an additional 16,856 shares in the last quarter. BOKF NA raised its holdings in Trade Desk by 1,110.8% in the second quarter. BOKF NA now owns 3,378 shares of the technology company’s stock valued at $330,000 after acquiring an additional 3,099 shares in the last quarter. American Century Companies Inc. raised its holdings in Trade Desk by 11.3% in the second quarter. American Century Companies Inc. now owns 1,577,445 shares of the technology company’s stock valued at $154,069,000 after acquiring an additional 159,906 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in Trade Desk in the second quarter valued at approximately $423,000. Finally, LPL Financial LLC raised its holdings in Trade Desk by 5.6% during the second quarter. LPL Financial LLC now owns 677,016 shares of the technology company’s stock worth $66,124,000 after purchasing an additional 35,695 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Andrea Lee Cunningham sold 1,606 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The disclosure for this sale can be found here. Insiders sold 599,163 shares of company stock valued at $61,246,529 in the last 90 days. 10.18% of the stock is currently owned by insiders.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $106.06 on Friday. The firm has a market capitalization of $52.14 billion, a P/E ratio of 265.16, a PEG ratio of 4.89 and a beta of 1.48. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $107.64. The company’s fifty day moving average is $97.82 and its two-hundred day moving average is $91.95.

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

Analyst Upgrades and Downgrades

TTD has been the topic of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and set a $110.00 price objective on shares of Trade Desk in a report on Tuesday, June 11th. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Loop Capital raised their price objective on shares of Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, August 26th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, September 7th. Finally, Benchmark raised their price objective on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.05.

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.