BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 2,941 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 8.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 39,558 shares of the technology company’s stock after acquiring an additional 2,941 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Trade Desk were worth $3,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its holdings in Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares in the last quarter. Riverview Trust Co bought a new position in Trade Desk during the first quarter worth about $27,000. Transcendent Capital Group LLC bought a new position in Trade Desk during the second quarter worth about $30,000. Bogart Wealth LLC raised its stake in Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new stake in Trade Desk in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Up 1.0 %

NASDAQ:TTD opened at $104.53 on Friday. The stock’s 50-day moving average is $97.15 and its 200-day moving average is $90.79. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $105.39. The stock has a market cap of $51.38 billion, a P/E ratio of 261.33, a price-to-earnings-growth ratio of 5.30 and a beta of 1.48.

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, equities analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current year.

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 Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on 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 directly owns 32,701 shares in the company, valued at $3,216,797.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the transaction, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Needham & Company LLC raised their target price on shares of Trade Desk from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. DA Davidson lifted their price objective on Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, May 9th. BTIG Research upped their target price on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Piper Sandler restated an “overweight” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. Finally, Morgan Stanley upped 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 research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.72.

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.