Trade Desk (NASDAQ:TTD) Shares Down 0%

The Trade Desk, Inc. (NASDAQ:TTD)’s share price fell 0% on Tuesday . The company traded as low as $99.57 and last traded at $100.43. 439,709 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 4,096,777 shares. The stock had previously closed at $100.44.

Analysts Set New Price Targets

Several research analysts have issued reports on TTD shares. Loop Capital increased their price objective on Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. DA Davidson upped their target price on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Jefferies Financial Group upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and lifted their price target for the company from $95.00 to $105.00 in a research report on Thursday, May 2nd. Susquehanna restated a “positive” rating and issued a $110.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $100.38.

Trade Desk Stock Up 1.7 %

The company has a 50 day moving average of $96.72 and a 200 day moving average of $85.59. The stock has a market capitalization of $44.45 billion, a price-to-earnings ratio of 227.41, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The business had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. On average, research analysts forecast that The Trade Desk, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the transaction, the insider now owns 188,236 shares in the company, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. Insiders sold 363,909 shares of company stock valued at $33,547,601 in the last ninety days. Company insiders own 10.18% of the company’s stock.

Institutional Trading of Trade Desk

Hedge funds have recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its stake in Trade Desk by 119.9% during the 1st 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 shares of Trade Desk in the first quarter worth about $27,000. Bogart Wealth LLC boosted its holdings in Trade Desk by 194.7% in the first 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 acquired a new stake in Trade Desk during the 2nd quarter valued at approximately $30,000. Finally, Level Financial Advisors Inc. increased its holdings in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 67.77% 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.