The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Amalgamated Bank

Amalgamated Bank grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,871 shares of the technology company’s stock after buying an additional 349 shares during the period. Amalgamated Bank’s holdings in Trade Desk were worth $2,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TTD. Dimensional Fund Advisors LP raised its stake in shares of Trade Desk by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after purchasing an additional 35,164 shares during the last quarter. Quest Partners LLC acquired a new position in Trade Desk during the fourth quarter valued at $87,000. Assetmark Inc. grew its position in Trade Desk by 46.4% during the 4th quarter. Assetmark Inc. now owns 1,876 shares of the technology company’s stock worth $135,000 after purchasing an additional 595 shares during the period. Franklin Resources Inc. grew its position in Trade Desk by 15.7% during the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after purchasing an additional 53,441 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Trade Desk by 23.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 132,013 shares of the technology company’s stock valued at $9,500,000 after buying an additional 25,402 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Down 0.9 %

Shares of TTD opened at $108.53 on Tuesday. The firm has a 50-day moving average price of $98.92 and a 200 day moving average price of $93.27. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $111.80. The firm has a market capitalization of $53.08 billion, a P/E ratio of 271.33, a P/E/G ratio of 5.07 and a beta of 1.48.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTD. Benchmark raised their target price on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $111.00 price objective (up previously from $105.00) on shares of Trade Desk in a report on Friday, August 9th. KeyCorp increased their target price on shares of Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.71.

Insider Activity

In related news, insider Jay R. Grant sold 141,434 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the sale, the insider now directly owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jay R. Grant sold 141,434 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total value of $2,510,750.00. Following the completion of the sale, the chief financial officer now directly owns 703,038 shares in the company, valued at approximately $70,606,106.34. The disclosure for this sale can be found here. Insiders have sold a total of 596,748 shares of company stock valued at $61,010,053 in the last quarter. Insiders own 10.18% of the company’s stock.

Trade Desk Company 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.