Gill Capital Partners LLC Grows Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Gill Capital Partners LLC boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,995 shares of the technology company’s stock after buying an additional 150 shares during the quarter. Gill Capital Partners LLC’s holdings in Trade Desk were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TTD. Pinnacle Bancorp Inc. increased its position in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co purchased a new position in shares of Trade Desk in the first quarter valued at $27,000. Transcendent Capital Group LLC purchased a new position in shares of Trade Desk in the second quarter valued at $30,000. EdgeRock Capital LLC purchased a new position in shares of Trade Desk in the second quarter valued at $37,000. Finally, Quarry LP purchased a new position in shares of Trade Desk in the second quarter valued at $41,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Trading Up 2.4 %

NASDAQ TTD opened at $114.53 on Wednesday. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $114.58. The stock has a 50-day moving average of $102.40 and a 200-day moving average of $95.58. The firm has a market cap of $56.02 billion, a PE ratio of 286.33, a price-to-earnings-growth ratio of 5.44 and a beta of 1.48.

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

Insider Activity at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now owns 32,701 shares in the company, valued at $3,216,797.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now owns 32,701 shares in the company, valued at $3,216,797.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $112.30, for a total value of $22,460,000.00. Following the transaction, the chief executive officer now owns 87,979 shares in the company, valued at approximately $9,880,041.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,452,248 shares of company stock worth $157,894,406 in the last 90 days. Company insiders own 10.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTD. Loop Capital lifted their price target on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Needham & Company LLC lifted their price target on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. KeyCorp lifted their price target on Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Bank of America started coverage on Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target for the company. Finally, Benchmark lifted their price objective on Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research note on Friday, August 9th. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.89.

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.