Geneos Wealth Management Inc. Purchases 7,227 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Geneos Wealth Management Inc. raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 36.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,322 shares of the technology company’s stock after buying an additional 7,227 shares during the period. Geneos Wealth Management Inc.’s holdings in Trade Desk were worth $2,669,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TTD. Pinnacle Bancorp Inc. lifted its holdings in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after buying an additional 163 shares during the period. Riverview Trust Co bought a new stake in shares of Trade Desk during the first quarter valued at approximately $27,000. Bogart Wealth LLC grew its stake in Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares during the period. Jones Financial Companies Lllp raised its holdings in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after purchasing an additional 418 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Trade Desk during the second quarter valued at $43,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Trade Desk stock traded up $1.54 during trading hours on Friday, hitting $104.71. The company had a trading volume of 268,978 shares, compared to its average volume of 4,118,002. The firm has a market cap of $51.47 billion, a P/E ratio of 257.93, a P/E/G ratio of 5.14 and a beta of 1.48. The company has a 50-day moving average price of $96.42 and a two-hundred day moving average price of $89.26. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $105.01.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. Trade Desk’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling at Trade Desk

In related news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 703,038 shares in the company, valued at approximately $70,606,106.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 703,038 shares in the company, valued at approximately $70,606,106.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the transaction, the director now directly 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. Insiders have sold 223,517 shares of company stock worth $21,783,981 over the last quarter. Insiders own 10.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TTD shares. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Friday, August 9th. Truist Financial lifted their price objective on Trade Desk from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Oppenheimer raised their price target 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. BMO Capital Markets reissued an “outperform” rating and issued a $108.00 target price (up previously from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Finally, Benchmark upped their price target on Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $107.26.

Trade Desk Company 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.