The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 303,999 shares of the technology company’s stock after buying an additional 21,731 shares during the period. DekaBank Deutsche Girozentrale owned 0.06% of Trade Desk worth $32,945,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Trade Desk by 2.7% in the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after buying an additional 97 shares during the period. Apella Capital LLC grew its holdings in Trade Desk by 1.9% in the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after purchasing an additional 100 shares during the period. Wealth Alliance increased its position in Trade Desk by 0.6% during the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after purchasing an additional 106 shares during the last quarter. Parisi Gray Wealth Management raised its stake in Trade Desk by 2.6% during the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock worth $486,000 after purchasing an additional 111 shares during the period. Finally, RFP Financial Group LLC boosted its holdings in shares of Trade Desk by 26.4% in the 2nd 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. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $118.98 on Tuesday. The stock has a market capitalization of $58.20 billion, a PE ratio of 297.45, a price-to-earnings-growth ratio of 5.75 and a beta of 1.48. The business’s fifty day moving average price is $109.41 and its 200 day moving average price is $98.64. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $121.44.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, research analysts anticipate 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 news, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.33, for a total transaction of $310,902.90. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $68,930,351.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Laura Schenkein sold 3,130 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the transaction, the chief financial officer now owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,897 shares of company stock worth $170,121,565 over the last ninety days. Company insiders own 10.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TTD. Wells Fargo & Company initiated coverage on Trade Desk in a report on Monday. They set an “overweight” rating and a $150.00 price objective for the company. Robert W. Baird lifted their price objective on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Loop Capital raised their price target on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 26th. Susquehanna boosted their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC raised their target price on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $115.66.

Trade Desk 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.