1 week Ago By ABMN Staff
Custom Index Systems LLC purchased a new position in The Trade Desk, Inc. ( NASDAQ:TTD – Free Report ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,214 shares of the technology company’s stock, valued at approximately $216,000.
Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Trade Desk by 2.
0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after acquiring an additional 818,568 shares in the last quarter.
Norges Bank purchased a new position in shares of Trade Desk in the fourth quarter worth about $255,316,000. 1832 Asset Management L.P.
purchased a new position in shares of Trade Desk in the first quarter worth about $225,710,000. Jericho Capital Asset Management L.P.
raised its stake in shares of Trade Desk by 4.3% in the first quarter. Jericho Capital Asset Management L.
P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Goldman Sachs Group Inc.
raised its stake in shares of Trade Desk by 10.4% in the fourth quarter. Goldman Sachs Group Inc.
now owns 2,214,832 shares of the technology company’s stock worth $159,379,000 after purchasing an additional 209,222 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.
Trade Desk Stock Performance NASDAQ TTD opened at $100.31 on Monday. The stock’s fifty day moving average is $97.
62 and its two-hundred day moving average is $91.56. The firm has a market capitalization of $49.
31 billion, a P/E ratio of 250.78, a price-to-earnings-growth ratio of 4.83 and a beta of 1.
47. The Trade Desk, Inc. has a fifty-two week low of $60.
23 and a fifty-two week high of $105.39. Insider Activity In related news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction on Friday, June 14th.
The stock was 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 owns 703,038 shares in the company, valued at approximately $67,055,764.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .
In related news, Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $97.92, for a total value of $236,476.
80. Following the sale, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, CFO Laura Schenkein sold 43,705 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was 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 owns 703,038 shares in the company, valued at approximately $67,055,764.
44. The disclosure for this sale can be found here . Insiders have sold a total of 642,868 shares of company stock valued at $65,415,112 in the last quarter.
Insiders own 10.18% of the company’s stock. Wall Street Analysts Forecast Growth Several research analysts have recently issued reports on the company.
Susquehanna raised their price objective on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th.
Benchmark lifted their price target on Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research report on Friday, August 9th.
Needham & Company LLC lifted their price target on Trade Desk from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 9th.
Robert W. Baird lifted their price target on Trade Desk from $110.00 to $130.
00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Oppenheimer lifted their price target on Trade Desk from $105.00 to $120.
00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.
com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.85. Check Out Our Latest Report on Trade Desk About Trade Desk ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk, Inc.
( NASDAQ:TTD – Free Report ). Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter .
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