Lisanti Capital Growth LLC purchased a new position in Trade Desk Inc (NASDAQ:TTD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,215 shares of the technology company’s stock, valued at approximately $1,240,000.
Other large investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in Trade Desk in the third quarter valued at about $177,000. US Bancorp DE boosted its stake in Trade Desk by 136.6% in the third quarter. US Bancorp DE now owns 1,356 shares of the technology company’s stock valued at $204,000 after buying an additional 783 shares in the last quarter. GWM Advisors LLC acquired a new stake in Trade Desk in the third quarter valued at about $219,000. CIBC Asset Management Inc acquired a new stake in Trade Desk in the third quarter valued at about $227,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Trade Desk in the second quarter valued at about $147,000. 70.60% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Thomas Falk sold 58,456 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $144.93, for a total transaction of $8,472,028.08. Following the completion of the transaction, the director now directly owns 9,390 shares in the company, valued at $1,360,892.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul Ross sold 26,230 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $126.35, for a total value of $3,314,160.50. The disclosure for this sale can be found here. Insiders have sold 640,974 shares of company stock valued at $86,922,757 over the last 90 days. 26.87% of the stock is owned by corporate insiders.
Shares of TTD opened at $122.57 on Friday. Trade Desk Inc has a 1 year low of $40.70 and a 1 year high of $161.50. The stock has a market cap of $5.66 billion, a PE ratio of 106.36, a P/E/G ratio of 4.99 and a beta of 3.16.
Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.06). Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. The company had revenue of $118.80 million for the quarter, compared to the consensus estimate of $117.48 million. During the same quarter last year, the business earned $0.35 earnings per share. Trade Desk’s revenue was up 49.6% compared to the same quarter last year. On average, research analysts predict that Trade Desk Inc will post 1.44 EPS for the current fiscal year.
TTD has been the topic of a number of recent research reports. BidaskClub lowered Trade Desk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Royal Bank of Canada lifted their price target on Trade Desk from $80.00 to $126.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. Wells Fargo & Co reissued a “hold” rating and set a $110.00 price target on shares of Trade Desk in a research note on Friday, August 10th. Macquarie raised Trade Desk to a “buy” rating and lifted their price target for the company from $95.00 to $130.00 in a research note on Friday, August 10th. Finally, Citigroup lifted their price target on Trade Desk from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Trade Desk presently has an average rating of “Buy” and an average target price of $118.53.
Trade Desk Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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