Callan Capital LLC invests $497,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Callan Capital LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 5,085 shares of the technology company’s stock, valued at approximately $497,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTD. Apella Capital LLC boosted its holdings in Trade Desk by 1.9% in the second 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 during the last quarter. Wealth Alliance raised its position in shares of Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after buying an additional 106 shares during the last quarter. RFP Financial Group LLC boosted its holdings in shares of Trade Desk by 26.4% in the second 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 during the last quarter. HBK Sorce Advisory LLC raised its position in Trade Desk by 2.0% in the second quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock worth $612,000 after purchasing an additional 125 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in Trade Desk by 4.5% in the second quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after purchasing an additional 127 shares in the last quarter. 67.77% of the shares are currently owned by institutional investors and hedge funds.

Trading desk down 0.6%

Shares of Trade Desk opened at $109.51 on Friday. The firm has a market cap of $53.83 billion, a P/E ratio of 273.78, a P/E/G ratio of 5.07 and a beta of 1.48. Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $111.80. The stock’s fifty-day simple moving average is $98.75, and its 200-day simple moving average is $92.92.

Trade Desk (NASDAQ:TTD – Get Your Free Report ) last posted its quarterly earnings results 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. The company had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. Trade Desk revenue grew 25.9% year-on-year. In the same quarter last year, the business earned $0.07 EPS. Sell-side analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Analyst upgrades and downgrades

A number of brokerages have issued reports on TTD. Wolfe Research began coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price target for the company. Susquehanna raised their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research report on Friday, August 9th. Wedbush reiterated an “outperform” rating and issued a $115.00 target price (up from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Macquarie restated an “outperform” rating and set a $115.00 target price on shares of Trade Desk in a report on Friday, August 9th. Finally, Oppenheimer raised their target price on shares of Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and an average target price of $109.05, according to MarketBeat.com.

Read our latest review of TTD

Internal activity at the trade office

In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares in the company, valued at approximately $18,337,951.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now directly owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares in the company, valued at approximately $68,897,150.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold a total of 596,748 shares of company stock worth $61,010,053. 10.18% of shares are owned by corporate insiders.

Trade Desk Company Profile

(Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a cloud-based self-service platform that enables 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 across devices such as computers, mobile devices, TVs and streaming devices.

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Want to see what other hedge funds own TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for The Trade Desk, Inc. (NASDAQ:TTD – Free Report).

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