Highline Wealth Partners LLC Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Highline Wealth Partners LLC purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,210 shares of the technology company’s stock, valued at approximately $242,000.

Several other institutional investors also recently made changes to their positions in TTD. Allworth Financial LP raised its holdings in Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after buying an additional 97 shares during the period. Apella Capital LLC lifted its holdings in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after acquiring an additional 100 shares in the last quarter. Wealth Alliance boosted its position in Trade Desk by 0.6% during the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after purchasing an additional 106 shares during the period. Parisi Gray Wealth Management increased its holdings in Trade Desk by 2.6% in the 3rd quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock valued at $486,000 after purchasing an additional 111 shares in the last quarter. Finally, RFP Financial Group LLC raised its position in Trade Desk by 26.4% in the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after purchasing an additional 116 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTD has been the topic of several analyst reports. KeyCorp raised their target price on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Benchmark boosted their target price on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research report on Friday, August 9th. Susquehanna raised their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a report on Friday, August 9th. Truist Financial boosted their price objective on shares of Trade Desk from $108.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, New Street Research downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price for the company. in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.56.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at $80,102,994.79. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock valued at $170,121,565 in the last quarter. Company insiders own 10.18% of the company’s stock.

Trade Desk Stock Down 0.0 %

Shares of TTD stock opened at $121.58 on Wednesday. The company has a market cap of $59.47 billion, a P/E ratio of 304.05, a PEG ratio of 5.75 and a beta of 1.48. The business has a 50 day moving average of $109.80 and a two-hundred day moving average of $98.89. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $122.13.

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

About Trade Desk

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.