Koshinski Asset Management Inc. purchased a new position in shares of The Trade Desk (NASDAQ:TTD – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,213 shares of the technology company’s stock, valued at approximately $231,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its stake in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares during the last quarter. West Oak Capital LLC grew its stake in Trade Desk by 466.7% during the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after buying an additional 350 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in Trade Desk during the 1st quarter worth approximately $26,000. HighMark Wealth Management LLC increased its holdings in shares of Trade Desk by 46.2% in the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock valued at $34,000 after purchasing an additional 151 shares during the period. Finally, Vermillion Wealth Management Inc. increased its holdings in shares of Trade Desk by 400.0% in the second quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.
Trade Desk Price Performance
Trade Desk stock opened at $53.92 on Wednesday. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The company has a market cap of $26.36 billion, a PE ratio of 64.96, a price-to-earnings-growth ratio of 2.81 and a beta of 1.38. The stock’s 50 day moving average price is $50.65 and its 200 day moving average price is $62.57.
Analyst Ratings Changes
A number of research analysts have recently issued reports on TTD shares. Piper Sandler dropped their target price on Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Jefferies Financial Group lowered Trade Desk from a “buy” rating to a “hold” rating and dropped their target price for the company from $100.00 to $50.00 in a report on Monday, August 11th. Moffett Nathanson lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 target price on the stock. in a report on Friday, August 8th. UBS Group dropped their target price on Trade Desk from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Finally, Bank of America reissued an “underperform” rating and issued a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $84.48.
Read Our Latest Stock Report on TTD
Insiders Place Their Bets
In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, the director 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 disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.
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.
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