Values First Advisors Inc. grew its stake in The Trade Desk (NASDAQ:TTD – Free Report) by 3.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,932 shares of the technology company’s stock after acquiring an additional 211 shares during the period. Values First Advisors Inc.’s holdings in Trade Desk were worth $499,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Banque Cantonale Vaudoise purchased a new stake in Trade Desk during the 1st quarter worth approximately $26,000. Sound Income Strategies LLC increased its stake in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares during the period. Cloud Capital Management LLC purchased a new stake in Trade Desk during the 1st quarter worth approximately $27,000. von Borstel & Associates Inc. purchased a new stake in Trade Desk during the 1st quarter worth approximately $31,000. Finally, West Oak Capital LLC increased its stake in Trade Desk by 466.7% during the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after buying an additional 350 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.
Trade Desk Trading Down 2.3%
NASDAQ:TTD opened at $49.90 on Friday. The firm has a 50-day moving average price of $50.74 and a two-hundred day moving average price of $62.50. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The company has a market capitalization of $24.40 billion, a P/E ratio of 60.12, a price-to-earnings-growth ratio of 2.73 and a beta of 1.38.
Insider Activity
In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 51,290 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider directly owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.
Analysts Set New Price Targets
TTD has been the subject of several research analyst reports. KeyCorp upped their target price on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Guggenheim set a $55.00 price target on shares of Trade Desk and gave the stock a “buy” rating in a research note on Monday, September 29th. JMP Securities set a $60.00 price target on shares of Trade Desk and gave the stock a “market outperform” rating in a research note on Tuesday, September 30th. Hsbc Global Res cut shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Wedbush reiterated an “outperform” rating and set a $86.00 price target on shares of Trade Desk in a research note on Tuesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $84.48.
Check Out Our Latest Stock Analysis on Trade Desk
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.
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