Perennial Investment Advisors LLC Increases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Perennial Investment Advisors LLC boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 218.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,987 shares of the technology company’s stock after buying an additional 2,050 shares during the period. Perennial Investment Advisors LLC’s holdings in Trade Desk were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its position in shares of Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares during the period. Riverview Trust Co purchased a new stake in Trade Desk in the 1st quarter worth approximately $27,000. Bogart Wealth LLC boosted its holdings in Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of Trade Desk during the 2nd quarter valued at $30,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after purchasing an additional 418 shares during the period. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

TTD has been the subject of several research analyst reports. Wolfe Research began coverage on Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price objective for the company. KeyCorp boosted their price objective on Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Macquarie restated an “outperform” rating and issued a $115.00 price objective on shares of Trade Desk in a research report on Friday, August 9th. Royal Bank of Canada lifted their target price on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Citigroup increased their price target on shares of Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.05.

Insider Transactions at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the sale, the director now directly owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction dated 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 directly owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The disclosure for this sale can be found here. Insiders have sold a total of 599,163 shares of company stock valued at $61,246,529 in the last ninety days. 10.18% of the stock is currently owned by corporate insiders.

Trade Desk Trading Up 0.4 %

Shares of TTD stock opened at $105.84 on Wednesday. The company’s fifty day moving average price is $98.07 and its 200-day moving average price is $92.36. The stock has a market cap of $51.77 billion, a PE ratio of 264.60, a price-to-earnings-growth ratio of 5.03 and a beta of 1.48. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $107.64.

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 analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the company posted $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.

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.