Goldstone Financial Group LLC Buys Shares of 2,346 The Trade Desk, Inc. (NASDAQ:TTD)

Goldstone Financial Group LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter, HoldingsChannel reports. The firm purchased 2,346 shares of the technology company’s stock, valued at approximately $257,000.

Other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in Trade Desk during the second quarter valued at approximately $30,000. JFS Wealth Advisors LLC lifted its position in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after acquiring an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. EdgeRock Capital LLC acquired a new position in shares of Trade Desk in the 2nd quarter worth $37,000. Finally, Quarry LP acquired a new stake in shares of Trade Desk during the second quarter worth $41,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’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 transaction, the director now directly owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now directly owns 99,374 shares in the company, valued at approximately $9,887,713. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,557,897 shares of company stock worth $170,121,565. 9.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup boosted their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial boosted their price target on shares of Trade Desk from $108.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Robert W. Baird raised their price objective on shares of Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Loop Capital lifted their price objective on shares of Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company started coverage on Trade Desk in a report on Monday. They issued an “overweight” rating and a $150.00 target price for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average target price of $115.60.

Trade Desk Stock Down 1.5 %

Shares of NASDAQ:TTD opened at $120.21 on Friday. The company has a market cap of $59.09 billion, a price-to-earnings ratio of 240.42, a PEG ratio of 5.86 and a beta of 1.48. The business has a 50 day moving average price of $110.15 and a 200 day moving average price of $99.05. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $123.85.

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