2,113 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,113 shares of the technology company’s stock, valued at approximately $206,000.

Other large investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC lifted its position in Trade Desk by 64.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 60,839 shares of the technology company’s stock worth $5,942,000 after buying an additional 23,739 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Trade Desk by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock valued at $2,387,000 after buying an additional 2,593 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Trade Desk during the 2nd quarter valued at about $3,116,000. Dark Forest Capital Management LP acquired a new position in Trade Desk during the second quarter valued at approximately $3,883,000. Finally, Daymark Wealth Partners LLC acquired a new position in Trade Desk in the 2nd quarter valued at $213,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD opened at $109.45 on Monday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $112.22. The company’s 50-day moving average is $99.96 and its 200-day moving average is $94.09. The firm has a market capitalization of $53.80 billion, a PE ratio of 273.63, a PEG ratio of 5.33 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million during 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%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. Analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at $68,897,150.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at $68,897,150.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The disclosure for this sale can be found here. Insiders sold a total of 1,056,669 shares of company stock worth $113,117,247 over the last three months. Corporate insiders own 10.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $115.00 price target on shares of Trade Desk in a report on Wednesday, September 11th. Piper Sandler reiterated an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research report on Tuesday, June 11th. Susquehanna lifted their price objective on Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 target price (up from $105.00) on shares of Trade Desk in a research report on Friday, August 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $115.00 price target (up previously from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $109.05.

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.