Tyler Stone Wealth Management Boosts Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Tyler Stone Wealth Management lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 81.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,356 shares of the technology company’s stock after buying an additional 2,403 shares during the quarter. Tyler Stone Wealth Management’s holdings in Trade Desk were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Guerra Pan Advisors LLC bought a new stake in shares of Trade Desk during the 3rd quarter valued at $217,000. Mesirow Financial Investment Management Inc. boosted its stake in Trade Desk by 6.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 36,182 shares of the technology company’s stock worth $3,967,000 after acquiring an additional 2,137 shares in the last quarter. Atria Investments Inc grew its holdings in Trade Desk by 3.3% in the third quarter. Atria Investments Inc now owns 31,876 shares of the technology company’s stock worth $3,495,000 after purchasing an additional 1,033 shares during the period. Bridges Investment Management Inc. increased its stake in shares of Trade Desk by 4.0% during the third quarter. Bridges Investment Management Inc. now owns 7,474 shares of the technology company’s stock valued at $820,000 after purchasing an additional 288 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after purchasing an additional 70,687 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Down 5.6 %

Trade Desk stock opened at $125.13 on Monday. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $132.65. The firm has a market capitalization of $61.51 billion, a price-to-earnings ratio of 205.13, a P/E/G ratio of 6.02 and a beta of 1.47. The firm has a 50 day moving average of $112.83 and a 200 day moving average of $101.27.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.73%. The company’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS. On average, analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TTD. BTIG Research upped their price target on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup raised their price target on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. UBS Group upped their price target on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company assumed coverage on shares of Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $120.69.

Insiders Place Their Bets

In other news, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares of the company’s stock, valued at $351,846.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,557,897 shares of company stock worth $170,121,565. Corporate insiders own 9.72% of the company’s stock.

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.