S Bank Fund Management Ltd Purchases Shares of 1,747 The Trade Desk (NASDAQ:TTD)

S Bank Fund Management Ltd acquired a new position in The Trade Desk (NASDAQ:TTD) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 1,747 shares of the technology company’s stock, valued at approximately $96,000.

Several other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in Trade Desk by 3,876.8% during the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company’s stock valued at $5,033,000 after purchasing an additional 89,671 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in Trade Desk during the 1st quarter valued at approximately $995,000. LBP AM SA boosted its position in Trade Desk by 116.1% during the 1st quarter. LBP AM SA now owns 64,154 shares of the technology company’s stock valued at $3,511,000 after acquiring an additional 34,465 shares in the last quarter. Bryce Point Capital LLC boosted its position in Trade Desk by 302.9% during the 1st quarter. Bryce Point Capital LLC now owns 16,727 shares of the technology company’s stock valued at $915,000 after acquiring an additional 12,575 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its position in Trade Desk by 40.2% during the 1st quarter. Peregrine Capital Management LLC now owns 579,877 shares of the technology company’s stock valued at $31,731,000 after acquiring an additional 166,332 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider owned 218,246 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTD. KeyCorp lifted their price objective on Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Guggenheim cut their price objective on Trade Desk from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Arete Research raised Trade Desk to a “strong sell” rating in a research report on Monday, July 28th. Evercore ISI raised Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Friday, June 27th. Finally, Jefferies Financial Group cut Trade Desk from a “buy” rating to a “hold” rating and cut their price objective for the company from $100.00 to $50.00 in a research report on Monday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.33.

Trade Desk Stock Performance

NASDAQ TTD opened at $54.36 on Thursday. The firm has a market cap of $26.71 billion, a PE ratio of 65.49, a P/E/G ratio of 2.73 and a beta of 1.37. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The firm’s fifty day moving average is $75.02 and its two-hundred day moving average is $71.98.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%. The firm had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. During the same quarter last year, the firm earned $0.39 earnings per share. The company’s revenue was up 18.7% compared to the same quarter last year. Research analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

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.