Yousif Capital Management LLC Has $378,000 Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Yousif Capital Management LLC lessened its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,890 shares of the technology company’s stock after selling 241 shares during the quarter. Yousif Capital Management LLC’s holdings in Trade Desk were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTD. Crossmark Global Holdings Inc. acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $285,000. JPMorgan Chase & Co. grew its position in shares of Trade Desk by 61.6% during the 1st quarter. JPMorgan Chase & Co. now owns 19,593,717 shares of the technology company’s stock worth $1,193,453,000 after buying an additional 7,471,935 shares during the period. Arizona State Retirement System grew its position in shares of Trade Desk by 3.0% during the 1st quarter. Arizona State Retirement System now owns 129,458 shares of the technology company’s stock worth $7,885,000 after buying an additional 3,775 shares during the period. International Assets Investment Management LLC grew its position in shares of Trade Desk by 3.8% during the 2nd quarter. International Assets Investment Management LLC now owns 16,977 shares of the technology company’s stock worth $1,311,000 after buying an additional 615 shares during the period. Finally, Sigma Investment Counselors Inc. acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $246,000. Institutional investors and hedge funds own 68.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Redburn Partners assumed coverage on shares of Trade Desk in a research report on Tuesday, July 18th. They set a “sell” rating and a $34.00 price objective for the company. StockNews.com began coverage on shares of Trade Desk in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Evercore ISI lifted their price target on shares of Trade Desk from $75.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. Stephens restated an “overweight” rating and set a $100.00 price objective on shares of Trade Desk in a research note on Thursday, August 31st. Finally, Stifel Nicolaus restated a “buy” rating and set a $91.00 price objective on shares of Trade Desk in a research note on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.36.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $84.80, for a total transaction of $6,360,000.00. Following the completion of the transaction, the chief executive officer now owns 1,767,320 shares of the company’s stock, valued at $149,868,736. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gokul Rajaram sold 2,999 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $73.74, for a total value of $221,146.26. Following the completion of the sale, the director now owns 51,307 shares in the company, valued at approximately $3,783,378.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $84.80, for a total value of $6,360,000.00. Following the completion of the sale, the chief executive officer now owns 1,767,320 shares of the company’s stock, valued at approximately $149,868,736. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 439,401 shares of company stock valued at $35,087,773. 10.81% of the stock is owned by corporate insiders.

Trade Desk Stock Down 2.6 %

TTD stock opened at $76.81 on Friday. The firm has a market capitalization of $37.65 billion, a PE ratio of 295.43, a PEG ratio of 6.76 and a beta of 1.68. The Trade Desk, Inc. has a twelve month low of $41.20 and a twelve month high of $91.85. The stock has a 50-day simple moving average of $78.41 and a two-hundred day simple moving average of $76.15.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Trade Desk had a net margin of 7.46% and a return on equity of 6.43%. The company had revenue of $464.25 million for the quarter, compared to analysts’ expectations of $455.21 million. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 0.48 EPS for the current fiscal year.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates 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.