The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Logan Capital Management Inc.

Logan Capital Management Inc. lifted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 339,977 shares of the technology company’s stock after acquiring an additional 3,526 shares during the quarter. Trade Desk accounts for 1.0% of Logan Capital Management Inc.’s investment portfolio, making the stock its 19th largest position. Logan Capital Management Inc. owned 0.07% of Trade Desk worth $20,708,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. BOKF NA acquired a new position in Trade Desk in the 1st quarter valued at about $26,000. Baldrige Asset Management LLC acquired a new stake in Trade Desk during the 1st quarter worth approximately $30,000. MUFG Americas Holdings Corp purchased a new position in Trade Desk in the 3rd quarter valued at approximately $30,000. Dark Forest Capital Management LP acquired a new position in shares of Trade Desk in the fourth quarter worth $34,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Trade Desk by 42.4% during the first quarter. Parkside Financial Bank & Trust now owns 625 shares of the technology company’s stock worth $38,000 after acquiring an additional 186 shares during the period. Hedge funds and other institutional investors own 68.23% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $83.89 on Friday. The company’s fifty day moving average is $81.08 and its two-hundred day moving average is $70.26. The firm has a market capitalization of $41.12 billion, a P/E ratio of 322.67, a PEG ratio of 7.47 and a beta of 1.72. The Trade Desk, Inc. has a one year low of $39.43 and a one year high of $91.85.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Trade Desk had a return on equity of 6.43% and a net margin of 7.46%. The company had revenue of $464.25 million for the quarter, compared to analyst estimates of $455.21 million. On average, sell-side analysts forecast that The Trade Desk, Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on TTD shares. Piper Sandler boosted their target price on Trade Desk from $77.00 to $100.00 in a research note on Friday, July 14th. Benchmark lifted their price target on shares of Trade Desk from $38.00 to $42.00 and gave the stock a “sell” rating in a research note on Wednesday, August 9th. William Blair started coverage on shares of Trade Desk in a research report on Wednesday. They issued an “outperform” rating on the stock. StockNews.com began coverage on shares of Trade Desk in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Citigroup increased their target price on Trade Desk from $86.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.48.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 5,500 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $76.21, for a total transaction of $419,155.00. Following the sale, the insider now directly owns 162,898 shares in the company, valued at $12,414,456.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Jay R. Grant sold 5,500 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $76.21, for a total value of $419,155.00. Following the sale, the insider now directly owns 162,898 shares in the company, valued at $12,414,456.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Laura Schenkein sold 3,219 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $79.59, for a total value of $256,200.21. Following the sale, the chief financial officer now directly owns 666,915 shares in the company, valued at approximately $53,079,764.85. The disclosure for this sale can be found here. Insiders sold 79,623 shares of company stock valued at $6,713,208 in the last ninety days. Corporate insiders own 10.81% of the company’s stock.

Trade Desk Company 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.