Strategic Blueprint LLC Has $800,000 Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Strategic Blueprint LLC lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 4.6% during the 2nd quarter, Holdings Channel reports. The firm owned 8,192 shares of the technology company’s stock after selling 391 shares during the period. Strategic Blueprint LLC’s holdings in Trade Desk were worth $800,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TTD. Vanguard Group Inc. grew its holdings in Trade Desk by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after acquiring an additional 818,568 shares during the period. Norges Bank acquired a new position in Trade Desk in the fourth quarter valued at about $255,316,000. 1832 Asset Management L.P. bought a new position in Trade Desk during the first quarter worth about $225,710,000. Jericho Capital Asset Management L.P. grew its position in shares of Trade Desk by 4.3% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after buying an additional 100,000 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Trade Desk by 10.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,214,832 shares of the technology company’s stock valued at $159,379,000 after acquiring an additional 209,222 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. BTIG Research lifted their price target on shares of Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $108.00 price objective (up from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Needham & Company LLC upped their price target on shares of Trade Desk from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Morgan Stanley increased their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.72.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was 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 directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction 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 of the company’s stock, valued at $351,846.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the sale, 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 have sold a total of 642,868 shares of company stock valued at $65,415,112 over the last 90 days. 10.18% of the stock is owned by insiders.

Trade Desk Stock Up 1.3 %

Trade Desk stock opened at $103.51 on Friday. The stock has a market cap of $50.63 billion, a PE ratio of 258.78, a P/E/G ratio of 5.27 and a beta of 1.48. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $105.39. The business’s 50-day moving average price is $97.01 and its two-hundred day moving average price is $90.45.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share 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 firm had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same period in the previous year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

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.