20,475 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,475 shares of the technology company’s stock, valued at approximately $2,245,000.

Other large investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new position in Trade Desk during the 1st quarter worth about $2,626,000. Nordea Investment Management AB increased its holdings in Trade Desk by 11.4% during the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after purchasing an additional 70,201 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in Trade Desk during the 1st quarter worth about $3,011,000. International Assets Investment Management LLC increased its holdings in Trade Desk by 4.3% during the 1st quarter. International Assets Investment Management LLC now owns 15,825 shares of the technology company’s stock worth $1,382,000 after purchasing an additional 656 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Trade Desk during the 1st quarter worth about $1,034,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $117.90 on Friday. The company’s 50 day simple moving average is $104.17 and its 200 day simple moving average is $96.13. The stock has a market capitalization of $57.96 billion, a price-to-earnings ratio of 235.80, a price-to-earnings-growth ratio of 5.57 and a beta of 1.48. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $118.34.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the transaction, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at $68,897,150.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,897 shares of company stock valued at $170,095,115 over the last three months. 9.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TTD shares. Susquehanna increased their target price on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a report on Monday, October 7th. Moffett Nathanson assumed coverage on Trade Desk in a report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price objective for the company. Bank of America assumed coverage on Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, Needham & Company LLC raised their price objective on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.05.

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.