Avalon Capital Management Purchases New Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Avalon Capital Management purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,974 shares of the technology company’s stock, valued at approximately $1,463,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Apella Capital LLC grew its position in Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after buying an additional 100 shares during the period. Diversify Advisory Services LLC lifted its holdings in Trade Desk by 4.5% during the second quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock valued at $297,000 after purchasing an additional 127 shares during the last quarter. Brookstone Capital Management lifted its holdings in Trade Desk by 3.0% during the second quarter. Brookstone Capital Management now owns 4,612 shares of the technology company’s stock valued at $439,000 after purchasing an additional 135 shares during the last quarter. Csenge Advisory Group lifted its holdings in Trade Desk by 1.8% during the first quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock valued at $688,000 after purchasing an additional 141 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in Trade Desk by 1.6% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

TTD has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 price target (up from $105.00) on shares of Trade Desk in a report on Friday, August 9th. KeyCorp increased their price target on shares of Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Loop Capital increased their price target on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Susquehanna increased their price target on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Finally, Benchmark increased their price target on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.26.

Insider Transactions at Trade Desk

In related news, CFO Laura Schenkein sold 3,130 shares of Trade Desk stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $68,930,351.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the sale, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. The disclosure for this sale can be found here. Insiders sold a total of 223,517 shares of company stock valued at $21,783,981 in the last quarter. 10.18% of the stock is owned by insiders.

Trade Desk Trading Up 1.8 %

Trade Desk stock traded up $1.83 on Friday, hitting $105.00. 2,060,358 shares of the stock traded hands, compared to its average volume of 4,128,990. The firm has a market cap of $51.62 billion, a P/E ratio of 257.93, a price-to-earnings-growth ratio of 5.14 and a beta of 1.48. The business’s fifty day simple moving average is $96.42 and its 200 day simple moving average is $89.26. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $105.39.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm 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 quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. As a group, analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current 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.