Trade Desk Inc (NASDAQ:TTD)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $145.00 and last traded at $143.61, with a volume of 29636 shares. The stock had previously closed at $141.75.

A number of equities analysts have recently issued reports on TTD shares. BidaskClub raised Trade Desk from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 13th. Nomura upped their price target on Trade Desk from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Zacks Investment Research downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus upped their price target on Trade Desk from $97.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Finally, SunTrust Banks upped their price target on Trade Desk to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $100.37.

The stock has a market cap of $6.09 billion, a PE ratio of 120.05, a price-to-earnings-growth ratio of 3.96 and a beta of 2.94.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.16. Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $103.87 million. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s revenue was up 54.3% on a year-over-year basis. analysts forecast that Trade Desk Inc will post 1.43 EPS for the current fiscal year.

In related news, insider Brian John Stempeck sold 20,332 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $94.87, for a total value of $1,928,896.84. Following the transaction, the insider now directly owns 65,352 shares of the company’s stock, valued at approximately $6,199,944.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Paul Ross sold 7,174 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $128.99, for a total value of $925,374.26. Following the completion of the transaction, the chief financial officer now directly owns 46,360 shares in the company, valued at $5,979,976.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,391 shares of company stock worth $42,390,433. 23.54% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in Trade Desk by 106.3% in the second quarter. FMR LLC now owns 1,715,441 shares of the technology company’s stock valued at $160,908,000 after purchasing an additional 883,811 shares during the last quarter. BlackRock Inc. boosted its holdings in Trade Desk by 39.5% in the second quarter. BlackRock Inc. now owns 1,992,379 shares of the technology company’s stock valued at $186,884,000 after purchasing an additional 564,170 shares during the last quarter. Jennison Associates LLC purchased a new stake in Trade Desk in the second quarter valued at $37,534,000. Summit Trail Advisors LLC boosted its holdings in Trade Desk by 7,946.3% in the first quarter. Summit Trail Advisors LLC now owns 404,647 shares of the technology company’s stock valued at $405,000 after purchasing an additional 399,618 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Trade Desk by 93.1% in the second quarter. Renaissance Technologies LLC now owns 552,105 shares of the technology company’s stock valued at $51,787,000 after purchasing an additional 266,205 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

About Trade Desk (NASDAQ:TTD)

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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