Daymark Wealth Partners LLC Invests $213,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Daymark Wealth Partners LLC purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,184 shares of the technology company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently bought and sold shares of the stock. 1832 Asset Management L.P. bought a new stake in shares of Trade Desk during the 1st quarter valued at $225,710,000. Marshall Wace LLP grew its holdings in Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after purchasing an additional 872,555 shares during the period. Vanguard Group Inc. increased its stake in shares of Trade Desk by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after purchasing an additional 818,568 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Trade Desk by 3,973.6% during the second quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock valued at $43,836,000 after purchasing an additional 437,967 shares during the last quarter. Finally, Steadfast Capital Management LP boosted its position in shares of Trade Desk by 78.3% in the 1st quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after purchasing an additional 431,600 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the completion of the transaction, the chief executive officer now directly owns 365,180 shares of the company’s stock, valued at approximately $40,366,997.20. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now directly owns 29,991 shares in the company, valued at approximately $3,269,019. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total value of $22,108,000.00. Following the sale, the chief executive officer now owns 365,180 shares of the company’s stock, valued at $40,366,997.20. The disclosure for this sale can be found here. Insiders have sold 1,056,669 shares of company stock worth $113,117,247 in the last ninety days. Company insiders own 10.18% of the company’s stock.

Trade Desk Stock Up 0.1 %

Shares of NASDAQ TTD opened at $109.45 on Friday. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $112.22. The business’s 50 day moving average price is $99.96 and its 200 day moving average price is $93.99. The firm has a market cap of $53.80 billion, a P/E ratio of 273.63, a P/E/G ratio of 5.33 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm’s revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. As a group, research analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TTD shares. Bank of America began coverage on Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Tuesday, June 11th. Stifel Nicolaus restated a “buy” rating and set a $111.00 price objective (up from $105.00) on shares of Trade Desk in a research note on Friday, August 9th. StockNews.com downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Citigroup boosted their price objective on shares of Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.05.

Trade Desk Company Profile

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.