Doheny Asset Management CA Invests $115,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Doheny Asset Management CA acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,182 shares of the technology company’s stock, valued at approximately $115,000.

Other hedge funds also recently bought and sold shares of the company. Global Assets Advisory LLC bought a new stake in shares of Trade Desk during the 1st quarter valued at about $2,626,000. Nordea Investment Management AB grew its position in Trade Desk by 11.4% during the first quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock valued at $60,202,000 after buying an additional 70,201 shares during the period. Nicholas Company Inc. increased its holdings in Trade Desk by 64.9% during the fourth quarter. Nicholas Company Inc. now owns 776,425 shares of the technology company’s stock valued at $55,872,000 after buying an additional 305,615 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in Trade Desk in the first quarter worth approximately $3,011,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Trade Desk by 4.3% during the 1st quarter. International Assets Investment Management LLC now owns 15,825 shares of the technology company’s stock worth $1,382,000 after acquiring an additional 656 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, 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 SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The disclosure for this sale can be found here. Insiders sold 1,056,669 shares of company stock valued at $113,117,247 in the last ninety days. Insiders own 10.18% of the company’s stock.

Trade Desk Stock Up 0.1 %

TTD stock opened at $109.45 on Friday. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $112.22. The firm has a market capitalization of $53.80 billion, a P/E ratio of 273.63, a price-to-earnings-growth ratio of 5.33 and a beta of 1.48. The company has a fifty day simple moving average of $99.96 and a two-hundred day simple moving average of $93.99.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $578.03 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

TTD has been the subject of several analyst reports. Bank of America started coverage on Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective for the company. Robert W. Baird upped their price target on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Truist Financial lifted their price objective on Trade Desk from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, August 9th. BTIG Research increased their target price on shares of Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Benchmark raised their target price on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.05.

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.