NorthCrest Asset Manangement LLC Invests $317,000 in The Trade Desk, Inc. (NASDAQ:TTD)

NorthCrest Asset Manangement LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,887 shares of the technology company’s stock, valued at approximately $317,000.

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

Insider Activity at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 80,649 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the transaction, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at $846,615. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,557,897 shares of company stock worth $170,121,565. Company insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $119.47 on Monday. The firm’s 50-day moving average is $109.08 and its two-hundred day moving average is $98.42. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $121.44. The firm has a market capitalization of $58.44 billion, a PE ratio of 298.68, a price-to-earnings-growth ratio of 5.73 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 (EPS) 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 analyst estimates of $578.03 million. During the same period in the prior year, the business earned $0.07 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. Analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Moffett Nathanson initiated coverage on Trade Desk in a report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price objective on the stock. Macquarie boosted their price target on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Wedbush reiterated an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Bank of America assumed coverage on Trade Desk in a report on Wednesday, September 4th. They set a “buy” rating and a $135.00 target price on the stock. Finally, Royal Bank of Canada boosted their price objective on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $112.97.

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.