Truefg LLC Invests $214,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Truefg LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,188 shares of the technology company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 valued at $26,000 after acquiring an additional 163 shares during the period. Riverview Trust Co acquired a new position in Trade Desk in the first quarter valued at approximately $27,000. Transcendent Capital Group LLC acquired a new position in Trade Desk in the second quarter valued at approximately $30,000. Bogart Wealth LLC lifted its holdings in Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after acquiring an additional 222 shares during the period. Finally, EdgeRock Capital LLC acquired a new position in Trade Desk in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Down 1.0 %

Shares of Trade Desk stock opened at $99.32 on Tuesday. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $105.39. The business’s fifty day simple moving average is $97.65 and its 200-day simple moving average is $91.67. The firm has a market cap of $48.82 billion, a PE ratio of 248.31, a price-to-earnings-growth ratio of 4.83 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS 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 business had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same quarter in the prior year, the company posted $0.07 EPS. The company’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, equities analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup boosted their price target on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Trade Desk in a research note on Friday, August 9th. Cantor Fitzgerald started coverage on Trade Desk in a research note on Thursday, September 5th. They set a “neutral” rating and a $110.00 target price for the company. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Wolfe Research started coverage on Trade Desk in a research report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average target price of $108.85.

Insider Activity

In related news, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gokul Rajaram sold 2,415 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.92, for a total value of $236,476.80. Following the transaction, the director now directly owns 34,056 shares in the company, valued at approximately $3,334,763.52. The disclosure for this sale can be found here. Insiders have sold a total of 642,868 shares of company stock valued at $65,415,112 in the last quarter. Insiders own 10.18% of the company’s stock.

Trade Desk 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.