Diversify Advisory Services LLC Acquires 967 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Diversify Advisory Services LLC increased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 33.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,891 shares of the technology company’s stock after purchasing an additional 967 shares during the period. Diversify Advisory Services LLC’s holdings in Trade Desk were worth $463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Trade Desk during the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC bought a new position in Trade Desk during the second quarter worth $37,000. Quarry LP acquired a new position in Trade Desk in the second quarter valued at $41,000. Brown Lisle Cummings Inc. boosted its position in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Trade Desk in the 2nd quarter worth about $43,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on TTD. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. Benchmark raised their target price on Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research note on Friday, August 9th. New Street Research downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price target on the stock. in a research note on Tuesday. KeyCorp raised their price objective on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Citigroup upped their target price on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.60.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the sale, the director now directly owns 29,991 shares in the company, valued at approximately $3,269,019. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s 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 completion of the transaction, the director now directly owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,897 shares of company stock worth $170,121,565 in the last quarter. Insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $120.21 on Friday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $123.85. The company has a market capitalization of $58.80 billion, a PE ratio of 300.53, a price-to-earnings-growth ratio of 5.75 and a beta of 1.48. The business 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 posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $0.07 earnings per share. Sell-side analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

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.