The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by DNB Asset Management AS

DNB Asset Management AS grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 3.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 70,490 shares of the technology company’s stock after purchasing an additional 2,591 shares during the period. DNB Asset Management AS’s holdings in Trade Desk were worth $6,885,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TTD. Pinnacle Bancorp Inc. raised its position in Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co purchased a new position in Trade Desk during the 1st quarter valued at about $27,000. Bogart Wealth LLC boosted its stake in shares of Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after purchasing an additional 418 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Trade Desk by 134.3% during the 4th quarter. Blue Trust Inc. now owns 628 shares of the technology company’s stock worth $49,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 1.9 %

Shares of NASDAQ TTD traded up $1.57 during trading on Tuesday, reaching $84.79. 3,641,535 shares of the stock were exchanged, compared to its average volume of 4,132,404. The business’s 50-day moving average price is $95.97 and its 200 day moving average price is $86.83. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $102.67. The company has a market capitalization of $41.47 billion, a price-to-earnings ratio of 211.76, a price-to-earnings-growth ratio of 4.26 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 9.80% and a return on equity of 9.41%. As a group, sell-side analysts expect that The Trade Desk, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Activity at Trade Desk

In related news, CFO Laura Schenkein sold 43,705 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the sale, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Trade Desk news, Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.92, for a total transaction of $236,476.80. Following the completion of the sale, the director now owns 34,056 shares in the company, valued at $3,334,763.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The disclosure for this sale can be found here. Insiders have sold 213,909 shares of company stock valued at $20,827,601 over the last ninety days. Corporate insiders own 10.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TTD shares. Loop Capital raised their price target on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and raised their target price for the stock from $95.00 to $105.00 in a research report on Thursday, May 2nd. Wolfe Research started coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 target price on the stock. Macquarie raised their target price on shares of Trade Desk from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Finally, Citigroup raised their target price on shares of Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.17.

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.