Callan Capital LLC Invests $497,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Callan Capital LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the 2nd quarter, HoldingsChannel reports. The fund purchased 5,085 shares of the technology company’s stock, valued at approximately $497,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTD. Apella Capital LLC raised its holdings in Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after acquiring an additional 100 shares during the last quarter. Wealth Alliance grew its position in shares of Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after purchasing an additional 106 shares in the last quarter. RFP Financial Group LLC increased its holdings in shares of Trade Desk by 26.4% in the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after purchasing an additional 116 shares during the last quarter. HBK Sorce Advisory LLC lifted its position in Trade Desk by 2.0% during the second quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock worth $612,000 after buying an additional 125 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in Trade Desk by 4.5% during the second quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after buying an additional 127 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Down 0.6 %

Trade Desk stock opened at $109.51 on Friday. The firm has a market capitalization of $53.83 billion, a P/E ratio of 273.78, a P/E/G ratio of 5.07 and a beta of 1.48. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $111.80. The stock’s fifty day simple moving average is $98.75 and its 200-day simple moving average is $92.92.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share 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 the consensus estimate of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. Trade Desk’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS. Sell-side analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TTD. Wolfe Research began coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 target price for the company. Susquehanna raised their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research report on Friday, August 9th. Wedbush reiterated an “outperform” rating and issued a $115.00 target price (up from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Macquarie restated an “outperform” rating and set a $115.00 price target on shares of Trade Desk in a report on Friday, August 9th. Finally, Oppenheimer lifted their price target on shares of Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $109.05.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction that occurred 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 owns 188,236 shares in the company, valued at approximately $18,337,951.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares in the company, valued at approximately $68,897,150.92. The disclosure for this sale can be found here. Insiders have sold a total of 596,748 shares of company stock valued at $61,010,053 over the last 90 days. 10.18% of the stock is owned by corporate insiders.

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.