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    Home » CoreCap Advisors LLC Invests $403,000 in The Trade Desk, Inc. (NASDAQ:TTD)
    NASDAQ News

    CoreCap Advisors LLC Invests $403,000 in The Trade Desk, Inc. (NASDAQ:TTD)

    userBy userSeptember 15, 2024No Comments6 Mins Read
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    CoreCap Advisors LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 4,131 shares of the technology company’s stock, valued at approximately $403,000.

    Several other institutional investors and hedge funds have also bought and sold shares of TTD. Dimensional Fund Advisors LP increased its position in shares of Trade Desk by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after purchasing an additional 35,164 shares during the last quarter. Boston Partners bought a new position in shares of Trade Desk in the fourth quarter valued at $837,000. Avantax Advisory Services Inc. increased its holdings in Trade Desk by 8.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 19,295 shares of the technology company’s stock worth $1,388,000 after buying an additional 1,578 shares during the last quarter. Quadrant Capital Group LLC raised its position in Trade Desk by 39.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,139 shares of the technology company’s stock worth $82,000 after acquiring an additional 322 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in Trade Desk by 31.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 13,949 shares of the technology company’s stock valued at $1,004,000 after acquiring an additional 3,367 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

    Insider Transactions at Trade Desk

    In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the transaction, the insider now directly owns 99,374 shares in the company, valued at approximately $9,887,713. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 599,163 shares of company stock valued at $61,246,529. Corporate insiders own 10.18% of the company’s stock.

    Analyst Ratings Changes

    Want More Great Investing Ideas?

    Several research analysts have recently weighed in on the stock. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Loop Capital raised their price objective on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Susquehanna lifted their target price on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Citigroup increased their price target on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $115.00 price objective on shares of Trade Desk in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $109.05.

    Check Out Our Latest Research Report on TTD

    Trade Desk Trading Up 1.5 %

    Shares of NASDAQ:TTD opened at $106.06 on Friday. The firm has a 50 day moving average of $97.94 and a 200-day moving average of $92.16. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $107.64. The stock has a market capitalization of $52.14 billion, a PE ratio of 265.16, a PEG ratio of 5.03 and a beta of 1.48.

    Trade Desk (NASDAQ:TTD – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same period in the previous year, the business earned $0.07 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. On average, research analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

    About Trade Desk

    (Free Report)

    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.

    Further Reading

    Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk, Inc. (NASDAQ:TTD – Free Report).

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

    Receive News & Ratings for Trade Desk Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Trade Desk and related companies with MarketBeat.com’s FREE daily email newsletter.



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