Pure Portfolios Holdings LLC Makes New $266,000 Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Pure Portfolios Holdings LLC purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,424 shares of the technology company’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. Pinnacle Bancorp Inc. raised its stake in Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Trade Desk in the 1st quarter valued at about $27,000. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in Trade Desk during the second quarter worth approximately $37,000. Finally, Quarry LP bought a new stake in Trade Desk in the second quarter worth approximately $41,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Bank of America began coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 target price on the stock. Morgan Stanley lifted their price target on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Benchmark increased their price objective on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research report on Friday, August 9th. Finally, BTIG Research boosted their target price on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.97.

Trade Desk Stock Performance

TTD opened at $118.76 on Friday. The firm has a market cap of $58.09 billion, a P/E ratio of 296.90, a PEG ratio of 5.68 and a beta of 1.48. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $119.43. The firm has a 50-day moving average of $107.16 and a 200 day moving average of $97.21.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $578.03 million. During the same quarter last year, the business posted $0.07 EPS. Trade Desk’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities research analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

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 transaction 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Laura Schenkein sold 25,000 shares of the business’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 sale, the chief financial officer now owns 693,953 shares of the company’s stock, valued at $80,102,994.79. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 80,649 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction 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 approximately $846,615. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock valued at $170,095,115 over the last ninety days. 10.18% of the stock is currently owned by insiders.

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.