Dnca Finance Makes New $4.23 Million Investment in The Trade Desk $TTD

Dnca Finance purchased a new position in shares of The Trade Desk (NASDAQ:TTD) in the 2nd quarter, Holdings Channel reports. The firm purchased 58,800 shares of the technology company’s stock, valued at approximately $4,233,000.

A number of other institutional investors have also made changes to their positions in the business. Cornerstone Wealth Group LLC boosted its holdings in Trade Desk by 2.8% during the second quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock worth $321,000 after purchasing an additional 122 shares during the last quarter. STF Management LP lifted its position in Trade Desk by 2.1% during the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after buying an additional 136 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of Trade Desk by 3.5% during the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock worth $305,000 after buying an additional 142 shares during the last quarter. Ashton Thomas Securities LLC grew its holdings in shares of Trade Desk by 2.6% in the 1st quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company’s stock valued at $315,000 after acquiring an additional 144 shares in the last quarter. Finally, Tradition Wealth Management LLC grew its holdings in shares of Trade Desk by 2.4% in the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock valued at $347,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the sale, the director directly owned 5,035 shares in the company, valued at approximately $242,687. The trade was a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.00% of the company’s stock.

Trade Desk Stock Performance

TTD opened at $40.05 on Friday. The stock has a fifty day moving average of $46.66 and a 200-day moving average of $59.50. The company has a market capitalization of $19.37 billion, a P/E ratio of 46.03, a P/E/G ratio of 1.99 and a beta of 1.07. The Trade Desk has a fifty-two week low of $38.22 and a fifty-two week high of $139.34.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. Trade Desk’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. On average, equities research analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has approved a share buyback program on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTD. Wells Fargo & Company dropped their price objective on Trade Desk from $53.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Guggenheim set a $55.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a report on Monday, September 29th. JMP Securities set a $60.00 price target on shares of Trade Desk and gave the company a “market outperform” rating in a research note on Tuesday, September 30th. Royal Bank Of Canada set a $80.00 price objective on shares of Trade Desk and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen raised shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.19.

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.