Bristlecone Advisors LLC Grows Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Bristlecone Advisors LLC lifted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,866 shares of the technology company’s stock after buying an additional 197 shares during the quarter. Bristlecone Advisors LLC’s holdings in Trade Desk were worth $2,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in Trade Desk in the 2nd quarter worth about $30,000. EdgeRock Capital LLC bought a new position in Trade Desk in the 2nd quarter worth $37,000. Quarry LP bought a new stake in Trade Desk during the second quarter valued at about $41,000. Brown Lisle Cummings Inc. increased its position in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Trade Desk in the second quarter worth about $43,000. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

TTD has been the subject of several analyst reports. BTIG Research increased their target price on shares of Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Macquarie increased their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Robert W. Baird raised their price objective on shares of Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Needham & Company LLC upped their price objective on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Benchmark lifted their target price on Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.97.

Trade Desk Stock Up 1.1 %

NASDAQ TTD opened at $119.47 on Friday. The company has a fifty day moving average of $109.08 and a two-hundred day moving average of $98.33. The firm has a market capitalization of $58.44 billion, a price-to-earnings ratio of 298.68, a PEG ratio of 5.73 and a beta of 1.48. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $121.44.

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. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same period in the prior year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. Equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In other news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Samantha Jacobson sold 4,872 shares of the business’s 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 completion of the sale, the insider now owns 99,374 shares of the company’s stock, valued at $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 three months, insiders sold 1,557,897 shares of company stock valued at $170,121,565. 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.