2,899 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,899 shares of the technology company’s stock, valued at approximately $253,000.

Several other hedge funds also recently modified their holdings of TTD. Dynamic Advisor Solutions LLC grew its holdings in Trade Desk by 10.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,484 shares of the technology company’s stock valued at $574,000 after buying an additional 824 shares during the period. Raymond James Trust N.A. grew its holdings in Trade Desk by 207.2% in the fourth quarter. Raymond James Trust N.A. now owns 14,481 shares of the technology company’s stock valued at $1,042,000 after purchasing an additional 9,767 shares during the period. OneAscent Financial Services LLC purchased a new stake in Trade Desk in the fourth quarter valued at approximately $218,000. Everhart Financial Group Inc. increased its position in Trade Desk by 15.4% during the fourth quarter. Everhart Financial Group Inc. now owns 18,209 shares of the technology company’s stock worth $1,310,000 after purchasing an additional 2,432 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its stake in Trade Desk by 12.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 19,743 shares of the technology company’s stock worth $1,421,000 after purchasing an additional 2,232 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Oppenheimer lifted 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. DA Davidson boosted their price objective on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Piper Sandler reissued an “overweight” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Tuesday, June 11th. Wolfe Research started coverage on shares of Trade Desk in a report on Tuesday. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Loop Capital raised their target price on Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.72.

Trade Desk Stock Up 0.7 %

NASDAQ TTD traded up $0.69 during trading hours on Friday, hitting $96.41. The company had a trading volume of 292,056 shares, compared to its average volume of 4,105,493. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $102.67. The firm has a market cap of $47.16 billion, a P/E ratio of 239.66, a price-to-earnings-growth ratio of 4.88 and a beta of 1.48. The business has a fifty day simple moving average of $96.01 and a 200-day simple moving average of $84.73.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. Equities analysts forecast that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $70,606,106.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Gokul Rajaram sold 2,415 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the sale, the director now owns 34,056 shares in the company, valued at $3,334,763.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total value of $2,510,750.00. Following the transaction, the chief financial officer now directly owns 703,038 shares in the company, valued at $70,606,106.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 362,554 shares of company stock valued at $33,414,310. 10.18% of the stock is currently owned by corporate insiders.

Trade Desk 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.