Crawford Lake Capital Management LLC decreased its position in The Trade Desk Inc. (NASDAQ:TTD) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,305 shares of the technology company’s stock after selling 4,284 shares during the quarter. Crawford Lake Capital Management LLC owned 0.18% of The Trade Desk worth $3,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in TTD. Teachers Advisors LLC bought a new stake in The Trade Desk in the 4th quarter worth approximately $235,000. Nationwide Fund Advisors increased its stake in The Trade Desk by 181.5% in the 1st quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after acquiring an additional 1,824 shares during the last quarter. Strs Ohio increased its stake in The Trade Desk by 100.0% in the 1st quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock worth $126,000 after acquiring an additional 1,700 shares during the last quarter. Wells Fargo & Company MN increased its stake in The Trade Desk by 21.5% in the 1st quarter. Wells Fargo & Company MN now owns 45,036 shares of the technology company’s stock worth $1,677,000 after acquiring an additional 7,972 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in The Trade Desk by 169.4% in the 1st quarter. Bank of New York Mellon Corp now owns 31,797 shares of the technology company’s stock worth $1,184,000 after acquiring an additional 19,992 shares during the last quarter. 62.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Trade Desk Inc. (TTD) traded up 2.11% during trading on Tuesday, hitting $61.85. The stock had a trading volume of 617,870 shares. The Trade Desk Inc. has a 52-week low of $22.00 and a 52-week high of $62.17. The firm’s 50-day moving average is $52.85 and its 200 day moving average is $46.74. The firm has a market cap of $2.52 billion and a price-to-earnings ratio of 57.11.
The Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.15 by $0.29. The firm had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $68.02 million. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The business’s quarterly revenue was up 54.2% on a year-over-year basis. On average, analysts expect that The Trade Desk Inc. will post $1.44 EPS for the current year.
In other The Trade Desk news, Director Kathryn E. Falberg bought 20,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was bought at an average price of $48.06 per share, with a total value of $961,200.00. Following the completion of the purchase, the director now directly owns 40,000 shares in the company, valued at $1,922,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert David Perdue sold 12,500 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $53.66, for a total value of $670,750.00. Following the sale, the chief operating officer now directly owns 82,664 shares of the company’s stock, valued at approximately $4,435,750.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 349,215 shares of company stock valued at $18,110,153. 26.87% of the stock is owned by insiders.
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A number of research firms have issued reports on TTD. Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 price objective (up previously from $56.00) on shares of The Trade Desk in a research note on Friday, August 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $65.00 target price (up previously from $56.00) on shares of The Trade Desk in a report on Friday, August 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 target price (up previously from $57.00) on shares of The Trade Desk in a report on Friday, August 11th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $66.00 target price on shares of The Trade Desk in a report on Thursday, September 7th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of The Trade Desk in a report on Friday, August 11th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $56.00.
The Trade Desk Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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