Dakota Wealth Management Grows Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Dakota Wealth Management lifted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,366 shares of the technology company’s stock after buying an additional 904 shares during the period. Dakota Wealth Management’s holdings in Trade Desk were worth $1,904,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TTD. Transcendent Capital Group LLC acquired a new position in Trade Desk in the 2nd quarter worth $30,000. EdgeRock Capital LLC purchased a new position in Trade Desk in the second quarter valued at about $37,000. Quarry LP acquired a new stake in Trade Desk during the 2nd quarter valued at approximately $41,000. Brown Lisle Cummings Inc. raised its position in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Trade Desk during the 2nd quarter valued at approximately $43,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $68,930,351.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Laura Schenkein sold 3,130 shares of Trade Desk stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.33, for a total transaction of $310,902.90. Following the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $68,930,351.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock worth $170,121,565 in the last 90 days. Corporate insiders own 10.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TTD. Citigroup lifted their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Loop Capital boosted their target price on shares of Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Needham & Company LLC increased their price target on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Wolfe Research assumed coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price target for the company. Finally, Stifel Nicolaus upped their price objective on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $112.97.

Trade Desk Trading Up 1.1 %

Shares of NASDAQ:TTD opened at $119.47 on Friday. The firm’s 50 day moving average is $109.08 and its two-hundred day moving average is $98.33. The firm has a market capitalization of $58.44 billion, a P/E ratio of 298.68, a PEG ratio of 5.73 and a beta of 1.48. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $121.44.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results 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 company had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. Analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current 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.