Crow Point Partners LLC Invests $214,000 in Trade Desk Inc (TTD) Stock
Crow Point Partners LLC purchased a new position in Trade Desk Inc (NASDAQ:TTD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,600 shares of the technology company’s stock, valued at approximately $214,000.
A number of other institutional investors have also recently modified their holdings of TTD. Vanguard Group Inc. lifted its stake in Trade Desk by 79.9% in the second quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock worth $99,976,000 after acquiring an additional 885,916 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Trade Desk by 109.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock worth $71,771,000 after buying an additional 748,795 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Trade Desk by 193.5% during the 2nd quarter. Renaissance Technologies LLC now owns 828,300 shares of the technology company’s stock worth $41,506,000 after buying an additional 546,100 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Trade Desk during the 3rd quarter worth approximately $32,658,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Trade Desk during the 2nd quarter worth approximately $24,342,000. Institutional investors own 65.38% of the company’s stock.
Shares of Trade Desk Inc (TTD) opened at $47.90 on Thursday. Trade Desk Inc has a 12-month low of $28.11 and a 12-month high of $67.30. The company has a market cap of $1,970.00 and a price-to-earnings ratio of 46.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The firm had revenue of $79.40 million during the quarter, compared to the consensus estimate of $76.84 million. During the same quarter in the prior year, the firm earned $0.24 EPS. Trade Desk’s revenue for the quarter was up 49.8% on a year-over-year basis. equities analysts forecast that Trade Desk Inc will post 1.28 earnings per share for the current year.
Several brokerages have recently weighed in on TTD. SunTrust Banks upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $45.25 to $55.00 in a research report on Monday, December 11th. Vetr downgraded shares of Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price objective for the company. in a research report on Tuesday, October 31st. Susquehanna Bancshares restated a “positive” rating and set a $66.00 price objective on shares of Trade Desk in a research report on Wednesday, October 4th. Macquarie began coverage on shares of Trade Desk in a research report on Thursday, October 12th. They set an “outperform” rating and a $78.00 price objective for the company. Finally, Cantor Fitzgerald restated a “buy” rating and set a $67.00 price objective (up previously from $62.00) on shares of Trade Desk in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $66.48.
In related news, COO Robert David Perdue sold 12,500 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $64.87, for a total value of $810,875.00. Following the completion of the sale, the chief operating officer now owns 82,409 shares in the company, valued at approximately $5,345,871.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $47.61, for a total transaction of $428,490.00. Following the completion of the transaction, the insider now directly owns 113,744 shares in the company, valued at $5,415,351.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,616 shares of company stock valued at $4,964,670. 26.87% of the stock is owned by insiders.
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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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