STF Management LP Reduces Position in The Trade Desk, Inc. (NASDAQ:TTD)

STF Management LP cut its position in The Trade Desk, Inc. (NASDAQ:TTD) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,085 shares of the technology company’s stock after selling 337 shares during the period. STF Management LP’s holdings in Trade Desk were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its position in shares of Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after purchasing an additional 163 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of Trade Desk in the 1st quarter valued at approximately $27,000. Bogart Wealth LLC increased its position in shares of Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $30,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after buying an additional 418 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 target price for the company. Piper Sandler restated an “overweight” rating and issued a $110.00 target price on shares of Trade Desk in a report on Tuesday, June 11th. Robert W. Baird upped their target price on shares of Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Needham & Company LLC restated a “buy” rating and issued a $115.00 target price on shares of Trade Desk in a report on Wednesday, September 11th. Finally, Susquehanna upped their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” 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-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.05.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 703,038 shares in the company, valued at approximately $70,606,106.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The disclosure for this sale can be found here. In the last three months, insiders sold 599,163 shares of company stock worth $61,246,529. 10.18% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

TTD stock opened at $105.37 on Tuesday. The company has a fifty day moving average of $97.94 and a 200-day moving average of $92.22. The stock has a market capitalization of $51.54 billion, a PE ratio of 263.43, a price-to-earnings-growth ratio of 5.03 and a beta of 1.48. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $107.64.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) 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 the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 EPS. Equities analysts forecast that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal 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.