The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,550 shares of the technology company’s stock after acquiring an additional 350 shares during the period. Toth Financial Advisory Corp’s holdings in Trade Desk were worth $170,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Pinnacle Bancorp Inc. lifted its position in Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after purchasing an additional 163 shares during the period. Riverview Trust Co purchased a new stake in shares of Trade Desk in the first quarter worth about $27,000. Transcendent Capital Group LLC acquired a new stake in Trade Desk during the second quarter worth about $30,000. EdgeRock Capital LLC purchased a new position in Trade Desk during the second quarter valued at approximately $37,000. Finally, Quarry LP acquired a new position in Trade Desk in the second quarter valued at approximately $41,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now owns 693,953 shares of the company’s stock, valued at $80,102,994.79. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the sale, the director now owns 3,516 shares of the company’s stock, valued at $351,846.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,556,542 shares of company stock valued at $169,961,824 over the last quarter. 9.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TTD has been the topic of a number of analyst reports. KeyCorp raised their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Truist Financial lifted their price objective on shares of Trade Desk from $108.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. 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 note on Tuesday, October 1st. Finally, StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. One investment 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. According to data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $112.97.

Trade Desk Trading Down 0.5 %

Shares of TTD stock opened at $118.21 on Tuesday. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $119.50. The company’s 50-day moving average price is $107.58 and its 200-day moving average price is $97.52. The stock has a market cap of $58.11 billion, a price-to-earnings ratio of 236.42, a PEG ratio of 5.72 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $584.55 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted $0.07 EPS. As a group, equities research 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.