Wealth Alliance Acquires 106 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Wealth Alliance raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,535 shares of the technology company’s stock after acquiring an additional 106 shares during the period. Wealth Alliance’s holdings in Trade Desk were worth $1,810,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. grew 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 acquiring an additional 163 shares during the last quarter. Riverview Trust Co bought a new position in Trade Desk during the first quarter valued at approximately $27,000. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk during the second quarter valued at approximately $30,000. Bogart Wealth LLC boosted its stake in shares of Trade Desk by 194.7% during the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the period. Finally, EdgeRock Capital LLC purchased a new stake in shares of Trade Desk during the second quarter valued at approximately $37,000. 67.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Gokul Rajaram sold 2,415 shares of the firm’s stock in a transaction 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 directly owns 34,056 shares in the company, valued at $3,334,763.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk 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 sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 2,415 shares of Trade Desk stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the sale, 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. Insiders sold 599,163 shares of company stock worth $61,246,529 over the last three months. 10.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on TTD. Benchmark increased their price objective on Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research note on Friday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price objective (up previously from $105.00) on shares of Trade Desk in a research note on Friday, August 9th. Loop Capital increased their price objective on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Cantor Fitzgerald began coverage on Trade Desk in a research note on Thursday, September 5th. They set a “neutral” rating and a $110.00 price objective for the company. Finally, KeyCorp increased their price objective on Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $109.05.

Trade Desk Trading Up 0.4 %

Shares of Trade Desk stock opened at $105.84 on Wednesday. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $107.64. The business has a fifty day simple moving average of $98.07 and a two-hundred day simple moving average of $92.36. The firm has a market capitalization of $51.77 billion, a P/E ratio of 264.60, a P/E/G ratio of 5.03 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The firm had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same period last year, the company earned $0.07 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. Analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

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.