Trade Desk Inc (TTD) Stake Raised by Optimum Investment Advisors
Optimum Investment Advisors lifted its position in shares of Trade Desk Inc (NASDAQ:TTD) by 22.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,500 shares of the technology company’s stock after purchasing an additional 1,200 shares during the period. Optimum Investment Advisors’ holdings in Trade Desk were worth $400,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in TTD. AHL Partners LLP acquired a new stake in Trade Desk during the 2nd quarter worth $373,000. Quantum Capital Management LLC NJ acquired a new stake in Trade Desk during the 2nd quarter worth $3,787,000. Deane Retirement Strategies Inc. acquired a new stake in Trade Desk during the 3rd quarter worth $2,032,000. Ameriprise Financial Inc. acquired a new stake in Trade Desk during the 2nd quarter worth $1,252,000. Finally, Balyasny Asset Management LLC acquired a new stake in Trade Desk during the 2nd quarter worth $6,194,000. 65.46% of the stock is owned by institutional investors and hedge funds.
TTD has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Trade Desk from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective on the stock in a research note on Thursday, August 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $62.00 price objective on shares of Trade Desk in a research note on Friday, September 1st. Susquehanna Bancshares restated a “positive” rating and issued a $66.00 price objective on shares of Trade Desk in a research note on Thursday, September 7th. BidaskClub upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Finally, JMP Securities initiated coverage on shares of Trade Desk in a research note on Monday, October 2nd. They issued an “outperform” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $67.07.
In other news, insider David Randall Pickles sold 70,000 shares of Trade Desk stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $60.89, for a total value of $4,262,300.00. Following the sale, the insider now owns 56,499 shares of the company’s stock, valued at $3,440,224.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Ross sold 3,705 shares of Trade Desk stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $63.33, for a total transaction of $234,637.65. Following the completion of the sale, the chief financial officer now directly owns 53,451 shares in the company, valued at approximately $3,385,051.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,894 shares of company stock worth $9,180,577. Insiders own 26.87% of the company’s stock.
Shares of Trade Desk Inc (NASDAQ:TTD) opened at $48.97 on Friday. The firm has a market cap of $2,010.00 and a PE ratio of 45.06. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. Trade Desk Inc has a fifty-two week low of $26.40 and a fifty-two week high of $67.30.
Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.15. The business had revenue of $79.40 million for the quarter, compared to the consensus estimate of $76.84 million. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The business’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. sell-side analysts expect that Trade Desk Inc will post 1.28 EPS for the current year.
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Trade Desk Company 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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