Rice Hall James & Associates LLC lessened its position in Trade Desk Inc (NASDAQ:TTD) by 13.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,289 shares of the technology company’s stock after selling 45,947 shares during the period. Trade Desk comprises 2.2% of Rice Hall James & Associates LLC’s portfolio, making the stock its 3rd largest holding. Rice Hall James & Associates LLC’s holdings in Trade Desk were worth $65,666,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Trade Desk in the second quarter valued at approximately $1,157,000. Hayden Royal LLC acquired a new position in Trade Desk during the second quarter worth approximately $250,000. Advisory Services Network LLC acquired a new position in Trade Desk during the second quarter worth approximately $59,000. Coastal Investment Advisors Inc. acquired a new position in Trade Desk during the second quarter worth approximately $34,000. Finally, Public Employees Retirement Association of Colorado increased its position in Trade Desk by 48.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,572 shares of the technology company’s stock worth $1,269,000 after purchasing an additional 1,815 shares during the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

TTD has been the subject of several research analyst reports. SunTrust Banks upped their price target on shares of Trade Desk from $206.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. DA Davidson upped their price target on shares of Trade Desk to $220.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Susquehanna Bancshares upped their price target on shares of Trade Desk from $205.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, May 10th. Nomura upped their price target on shares of Trade Desk from $144.00 to $165.00 and gave the stock a “reduce” rating in a research report on Friday, August 9th. Finally, JMP Securities lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $225.67.

Shares of Trade Desk stock traded down $4.26 during trading hours on Wednesday, hitting $250.82. The company’s stock had a trading volume of 752,030 shares, compared to its average volume of 1,528,707. Trade Desk Inc has a 1-year low of $102.35 and a 1-year high of $289.51. The firm has a fifty day moving average price of $248.49. The firm has a market cap of $12.11 billion, a P/E ratio of 130.64, a PEG ratio of 7.45 and a beta of 2.72. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.51. Trade Desk had a net margin of 17.44% and a return on equity of 25.24%. The company had revenue of $159.90 million during the quarter, compared to analyst estimates of $155.26 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. Analysts anticipate that Trade Desk Inc will post 1.83 EPS for the current year.

In other news, insider Brian John Stempeck sold 20,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $262.56, for a total value of $5,251,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Falk sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $250.00, for a total transaction of $6,250,000.00. Following the completion of the transaction, the director now owns 10,640 shares of the company’s stock, valued at $2,660,000. The disclosure for this sale can be found here. Insiders sold 142,515 shares of company stock valued at $34,495,453 in the last three months. Company insiders own 17.44% of the company’s stock.

Trade Desk Profile

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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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