Juncture Wealth Strategies LLC Purchases 135 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Juncture Wealth Strategies LLC boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,496 shares of the technology company’s stock after buying an additional 135 shares during the period. Juncture Wealth Strategies LLC’s holdings in Trade Desk were worth $712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its position in Trade Desk by 119.9% during the first 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 period. Riverview Trust Co purchased a new stake in Trade Desk during the first quarter valued at approximately $27,000. Transcendent Capital Group LLC purchased a new stake in Trade Desk during the second quarter valued at approximately $30,000. EdgeRock Capital LLC purchased a new stake in Trade Desk during the second quarter valued at approximately $37,000. Finally, Quarry LP purchased a new stake in Trade Desk during the second quarter valued at approximately $41,000. 67.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Loop Capital increased their price target on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Truist Financial increased their price target on Trade Desk from $108.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Benchmark increased their price target on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. BTIG Research increased their price target on Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, KeyCorp increased their price target on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $111.05.

Trade Desk Trading Up 1.9 %

Shares of NASDAQ TTD opened at $117.90 on Friday. The stock has a market capitalization of $57.96 billion, a PE ratio of 235.80, a price-to-earnings-growth ratio of 5.56 and a beta of 1.48. The stock’s fifty day simple moving average is $104.17 and its two-hundred day simple moving average is $96.07. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $118.34.

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, 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 return on equity of 11.40% and a net margin of 11.65%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. On average, equities analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now owns 693,953 shares in the company, valued at $80,102,994.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock valued at $170,095,115 in the last quarter. 9.72% of the stock is currently owned by corporate insiders.

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.