GSA Capital Partners LLP raised its position in shares of Trade Desk Inc (NASDAQ:TTD) by 73.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,999 shares of the technology company’s stock after acquiring an additional 5,079 shares during the period. GSA Capital Partners LLP’s holdings in Trade Desk were worth $1,126,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TTD. Strs Ohio acquired a new position in shares of Trade Desk during the second quarter worth $187,000. CAPROCK Group Inc. acquired a new position in shares of Trade Desk during the second quarter worth $201,000. Xact Kapitalforvaltning AB acquired a new position in shares of Trade Desk during the first quarter worth $228,000. Atria Investments LLC acquired a new position in shares of Trade Desk during the second quarter worth $235,000. Finally, Koch Industries Inc. acquired a new position in shares of Trade Desk during the first quarter worth $277,000. Institutional investors and hedge funds own 71.72% of the company’s stock.
TTD has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Trade Desk from $101.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Royal Bank of Canada upped their price target on shares of Trade Desk to $80.00 and gave the stock an “outperform” rating in a report on Friday, May 11th. Macquarie upgraded shares of Trade Desk to a “buy” rating and upped their price target for the stock from $95.00 to $130.00 in a report on Friday, August 10th. Wells Fargo & Co reiterated a “hold” rating and set a $110.00 price target on shares of Trade Desk in a report on Friday, August 10th. Finally, Zacks Investment Research downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Friday, August 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Trade Desk has a consensus rating of “Buy” and an average target price of $100.37.
NASDAQ TTD opened at $139.25 on Friday. The firm has a market capitalization of $6.09 billion, a P/E ratio of 114.43, a P/E/G ratio of 3.96 and a beta of 3.05. Trade Desk Inc has a twelve month low of $40.70 and a twelve month high of $147.49.
Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 9th. The technology company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.16. The business had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $103.87 million. Trade Desk had a net margin of 14.59% and a return on equity of 21.65%. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share. equities analysts anticipate that Trade Desk Inc will post 1.43 EPS for the current fiscal year.
In other Trade Desk news, COO Robert David Perdue sold 5,485 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $144.39, for a total transaction of $791,979.15. Following the sale, the chief operating officer now owns 137,578 shares of the company’s stock, valued at $19,864,887.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian John Stempeck sold 20,332 shares of the company’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $94.87, for a total transaction of $1,928,896.84. Following the sale, the insider now directly owns 65,352 shares in the company, valued at approximately $6,199,944.24. The disclosure for this sale can be found here. Insiders have sold 437,876 shares of company stock worth $43,182,412 in the last ninety days. Insiders own 26.87% of the company’s stock.
Trade Desk Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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