Creative Planning Buys 1,781 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Creative Planning boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.5% in the second quarter, Holdings Channel.com reports. The firm owned 117,215 shares of the technology company’s stock after acquiring an additional 1,781 shares during the period. Creative Planning’s holdings in Trade Desk were worth $11,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTD. Global Assets Advisory LLC acquired a new position in Trade Desk during the first quarter worth $2,626,000. Nordea Investment Management AB boosted its stake in shares of Trade Desk by 11.4% during the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after buying an additional 70,201 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of Trade Desk in the 1st quarter valued at about $3,011,000. International Assets Investment Management LLC raised its holdings in Trade Desk by 4.3% during the first quarter. International Assets Investment Management LLC now owns 15,825 shares of the technology company’s stock worth $1,382,000 after acquiring an additional 656 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Trade Desk during the first quarter valued at approximately $1,034,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTD. Susquehanna boosted their price target on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research report on Friday, August 9th. Citigroup increased their price target on shares of Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 9th. KeyCorp upped their target price on shares of Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Oppenheimer upped 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. Finally, Truist Financial raised their price objective on Trade Desk from $105.00 to $108.00 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 assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.43.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $108.72 on Wednesday. The business’s 50 day simple moving average is $100.15 and its 200 day simple moving average is $94.31. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $112.22. The company has a market capitalization of $53.18 billion, a P/E ratio of 271.80, a P/E/G ratio of 5.27 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last released its 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. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. Trade Desk’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. On average, sell-side analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the sale, the chief executive officer now owns 365,180 shares in the company, valued at approximately $40,366,997.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 365,180 shares in the company, valued at approximately $40,366,997.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the completion of the sale, the director now directly owns 32,701 shares in the company, valued at $3,216,797.37. The disclosure for this sale can be found here. Insiders have sold a total of 1,056,669 shares of company stock valued at $113,117,247 in the last ninety days. 10.18% of the stock is currently owned by company 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.