CoreCap Advisors LLC invests $403,000 in The Trade Desk, Inc. (NASDAQ:TTD)

CoreCap Advisors LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 4,131 shares of the technology company’s stock, valued at approximately $403,000.

Several other institutional investors and hedge funds have also bought and sold shares of TTD. Dimensional Fund Advisors LP increased its position in shares of Trade Desk by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after buying an additional 35,164 shares. shares in the last quarter. Boston Partners bought a new position in shares of Trade Desk in the fourth quarter valued at $837,000. Avantax Advisory Services Inc. boosted its holdings in Trade Desk by 8.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 19,295 shares of the technology company’s stock worth $1,388,000 after buying an additional 1,578 shares in the last quarter. Quadrant Capital Group LLC grew its position in Trade Desk by 39.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,139 shares of the technology company’s stock worth $82,000 after acquiring an additional 322 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in Trade Desk by 31.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 13,949 shares of the technology company’s stock valued at $1,004,000 after acquiring an additional 3,367 shares during the last quarter. Institutional investors own 67.77% of the company’s shares.

Internal transactions at the trade office

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. In other news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the transaction, the insider now directly owns 99,374 shares in the company, valued at approximately $9,887,713. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 599,163 shares of company stock valued at $61,246,529. Corporate insiders own 10.18% of the company’s shares.

Changes in Analyst Ratings

Several research analysts recently weighed in on the stock. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Loop Capital raised their price objective on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Susquehanna raised their target price on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Citigroup upped their target price on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $115.00 price objective on shares of Trade Desk in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $109.05, based on data from MarketBeat.

Check out our latest research report on TTD

Trading on the trading desk increased by 1.5%

Shares of NASDAQ:TTD opened at $106.06 on Friday. The firm has a 50-day moving average of $97.94 and a 200-day moving average of $92.16. Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $107.64. The stock has a market cap of $52.14 billion, a PE ratio of 265.16, a PEG ratio of 5.03 and a beta of 1.48.

Trade Desk (NASDAQ:TTD – Get Your Free Report ) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. In the same period last year, the company earned $0.07 per share. The company’s revenue increased by 25.9% year-on-year. On average, research analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

About Trade Desk

(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.

Further reading

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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