Brookstone Capital Management Purchases 135 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Brookstone Capital Management increased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,612 shares of the technology company’s stock after buying an additional 135 shares during the quarter. Brookstone Capital Management’s holdings in Trade Desk were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jennison Associates LLC grew its position in Trade Desk by 91.7% during the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after acquiring an additional 6,978,352 shares during the last quarter. Norges Bank purchased a new position in shares of Trade Desk in the fourth quarter worth $255,316,000. 1832 Asset Management L.P. bought a new stake in Trade Desk during the 1st quarter valued at $225,710,000. Vanguard Group Inc. boosted its position in Trade Desk by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after buying an additional 818,568 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Trade Desk by 81.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company’s stock worth $105,472,000 after acquiring an additional 659,337 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the transaction, the chief financial officer now owns 693,953 shares in the company, valued at approximately $68,930,351.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the transaction, the director now directly owns 32,701 shares in the company, valued at approximately $3,216,797.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the sale, the chief financial officer now owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. The disclosure for this sale can be found here. Insiders sold 223,517 shares of company stock worth $21,783,981 over the last quarter. 10.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wolfe Research started coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price objective for the company. Oppenheimer increased their price objective on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Susquehanna boosted their target price on Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research note on Friday, August 9th. Jefferies Financial Group raised Trade Desk from a “hold” rating to a “buy” rating and raised their price target for the stock from $95.00 to $105.00 in a research note on Thursday, May 2nd. Finally, Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.26.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $102.64 on Tuesday. The company has a 50-day simple moving average of $95.73 and a two-hundred day simple moving average of $88.58. The stock has a market capitalization of $50.20 billion, a PE ratio of 256.61, a price-to-earnings-growth ratio of 5.01 and a beta of 1.48. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $102.77.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

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.