Ground Swell Capital LLC Buys New Position in The Trade Desk, Inc. (NASDAQ:TTD)

Ground Swell Capital LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,329 shares of the technology company’s stock, valued at approximately $423,000.

Other large investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Trade Desk in the fourth quarter worth about $397,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Trade Desk by 12.1% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 5,105 shares of the technology company’s stock valued at $367,000 after buying an additional 550 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Trade Desk by 5.1% during the fourth 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 in the last quarter. Ieq Capital LLC increased its stake in shares of Trade Desk by 9.4% in the fourth quarter. Ieq Capital LLC now owns 10,188 shares of the technology company’s stock worth $733,000 after buying an additional 879 shares during the last quarter. Finally, Boston Partners acquired a new stake in Trade Desk in the fourth quarter valued at $837,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the director now directly owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 642,868 shares of company stock worth $65,415,112. 10.18% of the stock is owned by corporate insiders.

Trade Desk Stock Up 0.4 %

NASDAQ TTD opened at $99.71 on Wednesday. The company has a 50 day moving average price of $97.67 and a two-hundred day moving average price of $91.80. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $105.39. The stock has a market capitalization of $49.02 billion, a PE ratio of 249.28, a price-to-earnings-growth ratio of 4.83 and a beta of 1.47.

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

Analyst Ratings Changes

Several research analysts have weighed in on TTD shares. Cantor Fitzgerald initiated coverage on shares of Trade Desk in a report on Thursday, September 5th. They set a “neutral” rating and a $110.00 price objective for the company. Oppenheimer boosted their price objective on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Macquarie reaffirmed an “outperform” rating and set a $115.00 price target on shares of Trade Desk in a report on Friday, August 9th. Wolfe Research started 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. Finally, Bank of America started coverage on Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four 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, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $108.85.

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.