The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 11.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,246 shares of the technology company’s stock after acquiring an additional 1,721 shares during the period. Motley Fool Asset Management LLC’s holdings in Trade Desk were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TTD. Raymond James & Associates boosted its holdings in Trade Desk by 12.8% in the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after purchasing an additional 28,714 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Trade Desk by 11.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 99,555 shares of the technology company’s stock valued at $7,164,000 after purchasing an additional 10,455 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Trade Desk by 57.1% in the fourth quarter. Ritholtz Wealth Management now owns 5,495 shares of the technology company’s stock valued at $395,000 after purchasing an additional 1,997 shares during the last quarter. Blue Trust Inc. boosted its holdings in Trade Desk by 134.3% in the fourth quarter. Blue Trust Inc. now owns 628 shares of the technology company’s stock valued at $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Caprock Group LLC boosted its holdings in Trade Desk by 3.1% in the fourth quarter. Caprock Group LLC now owns 7,838 shares of the technology company’s stock valued at $564,000 after purchasing an additional 235 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction 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 $18,337,951.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction 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 $18,337,951.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $97.92, for a total transaction of $236,476.80. Following the transaction, the director now owns 34,056 shares of the company’s stock, valued at approximately $3,334,763.52. The disclosure for this sale can be found here. In the last three months, insiders sold 213,909 shares of company stock valued at $20,827,601. Insiders own 10.18% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and increased their target price for the stock from $95.00 to $105.00 in a research note on Thursday, May 2nd. Wolfe Research initiated coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 target price on the stock. Citigroup increased their target price on shares of Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Truist Financial reissued a “buy” rating and set a $105.00 target price on shares of Trade Desk in a research note on Thursday, May 16th. Finally, Loop Capital increased their target price on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $101.17.

Trade Desk Price Performance

Shares of NASDAQ:TTD traded up $0.04 during mid-day trading on Wednesday, reaching $89.88. 4,513,678 shares of the company were exchanged, compared to its average volume of 4,121,844. The firm has a market cap of $43.96 billion, a price-to-earnings ratio of 224.61, a P/E/G ratio of 4.72 and a beta of 1.48. The firm’s 50-day simple moving average is $96.40 and its 200 day simple moving average is $86.37. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $102.67.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The company had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. On average, research analysts forecast that The Trade Desk, Inc. will post 0.85 earnings per share for the current fiscal 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.