Wealth Alliance Has $1.81 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Wealth Alliance boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,535 shares of the technology company’s stock after purchasing an additional 106 shares during the quarter. Wealth Alliance’s holdings in Trade Desk were worth $1,810,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Global Assets Advisory LLC acquired a new stake in Trade Desk in the 1st quarter valued at $2,626,000. Franklin Resources Inc. grew its position in Trade Desk by 15.7% in the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock valued at $28,346,000 after purchasing an additional 53,441 shares during the period. Nordea Investment Management AB grew its position in Trade Desk by 11.4% in the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock valued at $60,202,000 after purchasing an additional 70,201 shares during the period. Nicholas Company Inc. grew its position in Trade Desk by 64.9% in the 4th quarter. Nicholas Company Inc. now owns 776,425 shares of the technology company’s stock valued at $55,872,000 after purchasing an additional 305,615 shares during the period. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in Trade Desk in the 1st quarter valued at $3,011,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 0.4 %

NASDAQ TTD opened at $105.84 on Wednesday. The company has a market cap of $51.77 billion, a PE ratio of 264.60, a price-to-earnings-growth ratio of 5.03 and a beta of 1.48. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $107.64. The firm’s 50-day simple moving average is $98.07 and its two-hundred day simple moving average is $92.36.

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. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TTD shares. StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Monday. Royal Bank of Canada raised their price objective on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Benchmark raised 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. Loop Capital raised their price objective on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Oppenheimer raised their price objective on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.05.

Insider Transactions at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the sale, the director now directly owns 3,516 shares of the company’s stock, valued at $351,846.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares in the company, valued at $9,887,713. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares in the company, valued at $351,846.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 599,163 shares of company stock valued at $61,246,529. 10.18% of the stock is currently owned by corporate insiders.

Trade Desk 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.