The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Axiom Advisory LLC

Axiom Advisory LLC grew its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,350 shares of the technology company’s stock after purchasing an additional 450 shares during the quarter. Axiom Advisory LLC’s holdings in Trade Desk were worth $1,932,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TTD. Apella Capital LLC raised its stake in Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after acquiring an additional 100 shares in the last quarter. Wealth Alliance raised its stake in shares of Trade Desk by 0.6% during the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after purchasing an additional 106 shares in the last quarter. Parisi Gray Wealth Management lifted its holdings in Trade Desk by 2.6% in the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock worth $486,000 after purchasing an additional 111 shares during the period. RFP Financial Group LLC grew its position in Trade Desk by 26.4% in the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after buying an additional 116 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in Trade Desk by 2.0% during the 2nd quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock valued at $612,000 after buying an additional 125 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Trade Desk stock opened at $114.53 on Wednesday. The firm’s 50 day moving average price is $102.40 and its two-hundred day moving average price is $95.58. The firm has a market cap of $56.02 billion, a PE ratio of 286.33, a P/E/G ratio of 5.44 and a beta of 1.48. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $114.58.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data 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 return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. During the same period last year, the company earned $0.07 earnings per share. Trade Desk’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Oppenheimer increased their price target on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Robert W. Baird upped their price objective on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Truist Financial lifted their target price on Trade Desk from $108.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Bank of America began coverage on shares of Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target for the company. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.89.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the 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 transaction, the director now owns 3,516 shares in the company, valued at $351,846.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now directly owns 32,701 shares in the company, valued at approximately $3,216,797.37. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,452,248 shares of company stock worth $157,894,406 in the last three months. 10.18% of the stock is owned by insiders.

About Trade Desk

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.