2,346 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Goldstone Financial Group LLC

Goldstone Financial Group LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,346 shares of the technology company’s stock, valued at approximately $257,000.

Other hedge funds have also made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in Trade Desk in the 2nd quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the second quarter worth $37,000. Quarry LP purchased a new stake in shares of Trade Desk in the second quarter valued at $41,000. Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% in the third 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 during the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $120.21 on Friday. The company has a market cap of $59.09 billion, a PE ratio of 240.42, a P/E/G ratio of 5.86 and a beta of 1.48. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $123.85. The company has a fifty day moving average price of $110.15 and a two-hundred day moving average price of $99.05.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share 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 firm had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. Trade Desk’s quarterly revenue was up 25.9% on a year-over-year basis. Equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the sale, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the sale, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was 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 worth $170,121,565 in the last 90 days. 9.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TTD shares. Susquehanna upped their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research note on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and set a $115.00 price target (up previously from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. Oppenheimer boosted their price objective on shares of Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Macquarie lifted their target price on Trade Desk from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Finally, Robert W. Baird upped their price target on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, three 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.60.

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.