Strategic Investment Solutions Inc. IL Takes $72,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Strategic Investment Solutions Inc. IL bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 800 shares of the technology company’s stock, valued at approximately $72,000.

A number of other hedge funds have also added to or reduced their stakes in TTD. Apella Capital LLC grew its holdings in shares of Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after acquiring an additional 100 shares in the last quarter. Wealth Alliance grew its stake in Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after purchasing an additional 106 shares in the last quarter. RFP Financial Group LLC increased its position in shares of Trade Desk by 26.4% during the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock worth $54,000 after purchasing an additional 116 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Trade Desk by 2.0% during the 2nd quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock worth $612,000 after purchasing an additional 125 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in shares of Trade Desk by 4.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock valued at $297,000 after buying an additional 127 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TTD shares. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Piper Sandler reiterated an “overweight” rating and issued a $110.00 target price on shares of Trade Desk in a research note on Tuesday, June 11th. Morgan Stanley boosted their price target on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $111.00 target price (up from $105.00) on shares of Trade Desk in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.89.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the sale, the chief executive officer now directly owns 664,261 shares in the company, valued at $68,897,150.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the sale, the insider now directly owns 178,853 shares in the company, valued at $19,432,378.45. The disclosure for this sale can be found here. Insiders have sold 1,077,248 shares of company stock valued at $115,353,156 over the last three months. 10.18% of the stock is owned by insiders.

Trade Desk Stock Performance

TTD opened at $108.71 on Thursday. The firm has a market cap of $53.17 billion, a P/E ratio of 271.78, a price-to-earnings-growth ratio of 5.27 and a beta of 1.48. The business’s fifty day moving average is $100.31 and its 200-day moving average is $94.54. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $112.22.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. On average, research analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

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.