800 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Strategic Investment Solutions Inc. IL

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

Other hedge funds have also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its stake in shares of Trade Desk by 5.1% in the 2nd quarter. Clearbridge Investments LLC now owns 479,021 shares of the technology company’s stock valued at $46,786,000 after purchasing an additional 23,073 shares in the last quarter. Dana Investment Advisors Inc. lifted its holdings in Trade Desk by 4.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 6,667 shares of the technology company’s stock valued at $651,000 after purchasing an additional 286 shares during the last quarter. Cetera Investment Advisers boosted its position in Trade Desk by 3.8% in the second quarter. Cetera Investment Advisers now owns 148,160 shares of the technology company’s stock valued at $14,471,000 after buying an additional 5,458 shares in the last quarter. Truist Financial Corp grew its stake in Trade Desk by 10.6% during the second quarter. Truist Financial Corp now owns 110,300 shares of the technology company’s stock worth $10,773,000 after buying an additional 10,582 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Trade Desk by 8.6% during the second quarter. EP Wealth Advisors LLC now owns 11,132 shares of the technology company’s stock worth $1,087,000 after buying an additional 878 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Trade Desk stock opened at $108.71 on Thursday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $112.22. The firm has a market capitalization of $53.17 billion, a price-to-earnings ratio of 271.78, a PEG ratio of 5.27 and a beta of 1.48. The company’s 50 day simple moving average is $100.31 and its 200 day simple moving average is $94.54.

Trade Desk (NASDAQ:TTD) last announced its quarterly 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 company had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. During the same period last year, the firm posted $0.07 earnings per share. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on TTD shares. StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday. Loop Capital boosted their price objective on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Wolfe Research started coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 target price for the company. Evercore ISI raised Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Moffett Nathanson began coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average target price of $109.89.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the transaction, the chief executive officer now owns 365,180 shares in the company, valued at approximately $40,366,997.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the completion of the sale, the chief executive officer now owns 365,180 shares of the company’s stock, valued at $40,366,997.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total transaction 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. Over the last ninety days, insiders sold 1,077,248 shares of company stock valued at $115,353,156. Company 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.