Hennion & Walsh Asset Management Inc. Invests $240,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Hennion & Walsh Asset Management Inc. bought a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,192 shares of the technology company’s stock, valued at approximately $240,000.

A number of other hedge funds also recently bought and sold shares of TTD. Apella Capital LLC boosted 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 worth $547,000 after buying an additional 100 shares during the last quarter. Wealth Alliance boosted its stake 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 worth $1,810,000 after acquiring an additional 106 shares during the last quarter. Parisi Gray Wealth Management boosted its stake in shares of Trade Desk by 2.6% in the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock worth $486,000 after acquiring an additional 111 shares during the last quarter. RFP Financial Group LLC increased its position in shares of Trade Desk by 26.4% during the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock worth $54,000 after purchasing an additional 116 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its stake in Trade Desk by 6.2% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,123 shares of the technology company’s stock valued at $233,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TTD. Wells Fargo & Company initiated coverage on shares of Trade Desk in a research note on Monday. They set an “overweight” rating and a $150.00 target price on the stock. Benchmark boosted their price target on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research report on Friday, August 9th. StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Macquarie raised their target price on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Finally, Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.56.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $121.62 on Wednesday. The stock has a market capitalization of $59.49 billion, a price-to-earnings ratio of 304.05, a price-to-earnings-growth ratio of 5.75 and a beta of 1.48. The business has a 50-day moving average of $109.80 and a 200 day moving average of $98.89. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $121.89.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. During the same quarter last year, the firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. Equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were 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 in the company, valued at $351,846.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. The trade was 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 90 days. Corporate insiders own 10.18% of the company’s stock.

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.