Quantbot Technologies LP Purchases 20,831 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Quantbot Technologies LP increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 299.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,792 shares of the technology company’s stock after acquiring an additional 20,831 shares during the period. Quantbot Technologies LP’s holdings in Trade Desk were worth $2,430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Csenge Advisory Group grew its position in shares of Trade Desk by 1.8% in the 1st quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock valued at $688,000 after buying an additional 141 shares during the last quarter. Level Financial Advisors Inc. lifted its stake in shares of Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after purchasing an additional 150 shares during the period. Sheaff Brock Investment Advisors LLC lifted its stake in shares of Trade Desk by 1.6% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after purchasing an additional 150 shares during the period. Fiduciary Trust Co lifted its stake in shares of Trade Desk by 1.1% in the 4th quarter. Fiduciary Trust Co now owns 13,800 shares of the technology company’s stock valued at $993,000 after purchasing an additional 150 shares during the period. Finally, Cherry Creek Investment Advisors Inc. lifted its stake in shares of Trade Desk by 0.7% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 23,577 shares of the technology company’s stock valued at $2,061,000 after purchasing an additional 153 shares during the period. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTD. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research note on Tuesday, June 11th. Wedbush began coverage on Trade Desk in a research note on Monday, June 17th. They issued an “outperform” rating and a $110.00 price objective for the company. Susquehanna reissued a “positive” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Thursday, May 16th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Trade Desk in a research note on Tuesday. Finally, Stifel Nicolaus increased their price objective on Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

Trade Desk Stock Performance

Shares of NASDAQ TTD traded up $0.91 during trading hours on Friday, hitting $99.48. The company’s stock had a trading volume of 3,159,384 shares, compared to its average volume of 4,152,989. The stock has a market cap of $48.66 billion, a price-to-earnings ratio of 248.71, a P/E/G ratio of 5.11 and a beta of 1.48. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $102.67. The business has a 50-day simple moving average of $95.28 and a 200-day simple moving average of $84.04.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. On average, equities research analysts forecast that The Trade Desk, Inc. will post 0.85 EPS for the current year.

Insider Activity

In other news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction that occurred on 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 $70,606,106.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.92, for a total transaction of $236,476.80. Following the completion of the transaction, the director now owns 34,056 shares of the company’s stock, valued at $3,334,763.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 365,154 shares of company stock worth $33,638,976. 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.