The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Chicago Capital LLC

Chicago Capital LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 11.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 527,943 shares of the technology company’s stock after buying an additional 53,587 shares during the period. Trade Desk makes up approximately 1.5% of Chicago Capital LLC’s portfolio, making the stock its 27th largest position. Chicago Capital LLC’s holdings in Trade Desk were worth $51,564,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. increased its stake in shares of Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after buying an additional 163 shares during the period. Riverview Trust Co acquired a new position in Trade Desk during the 1st quarter worth approximately $27,000. Bogart Wealth LLC increased its position in shares of Trade Desk by 194.7% in the 1st 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 last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $30,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after purchasing an additional 418 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD traded down $3.23 during trading hours on Friday, reaching $100.31. The company’s stock had a trading volume of 3,847,254 shares, compared to its average volume of 3,246,430. The company’s 50-day moving average is $97.62 and its two-hundred day moving average is $91.43. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $105.39. The stock has a market cap of $49.31 billion, a PE ratio of 250.78, a PEG ratio of 5.14 and a beta of 1.48.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on TTD shares. Cantor Fitzgerald assumed coverage on Trade Desk in a report on Thursday. They issued a “neutral” rating and a $110.00 target price on the stock. Truist Financial boosted their target price on Trade Desk from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Wolfe Research assumed coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price target on the stock. Benchmark boosted their price objective on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research report on Friday, August 9th. Finally, Susquehanna increased their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.85.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at $39,682,694.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the firm’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 directly owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at $39,682,694.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 642,868 shares of company stock valued at $65,415,112. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Company 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.