Flinton Capital Management LLC Purchases 884 Shares of Trade Desk Inc (NASDAQ:TTD)

Flinton Capital Management LLC raised its position in shares of Trade Desk Inc (NASDAQ:TTD) by 152.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,462 shares of the technology company’s stock after purchasing an additional 884 shares during the period. Flinton Capital Management LLC’s holdings in Trade Desk were worth $333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. raised its stake in Trade Desk by 1.7% during the second quarter. Redhawk Wealth Advisors Inc. now owns 2,249 shares of the technology company’s stock valued at $512,000 after purchasing an additional 37 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Trade Desk by 59.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock valued at $36,000 after purchasing an additional 59 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of Trade Desk by 3.3% in the 2nd quarter. WINTON GROUP Ltd now owns 2,201 shares of the technology company’s stock valued at $501,000 after purchasing an additional 71 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Trade Desk by 9.3% in the 2nd quarter. Cetera Investment Advisers now owns 1,183 shares of the technology company’s stock valued at $271,000 after purchasing an additional 101 shares in the last quarter. Finally, Roman Butler Fullerton & Co. lifted its stake in shares of Trade Desk by 3.7% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 3,212 shares of the technology company’s stock valued at $732,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 65.59% of the company’s stock.

In other news, insider Jeffrey Terry Green sold 288,000 shares of Trade Desk stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $258.27, for a total value of $74,381,760.00. Following the completion of the transaction, the insider now owns 311,414 shares in the company, valued at approximately $80,428,893.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Vobejda sold 875 shares of Trade Desk stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $236.00, for a total value of $206,500.00. Following the completion of the transaction, the insider now owns 37,704 shares of the company’s stock, valued at approximately $8,898,144. The disclosure for this sale can be found here. Insiders have sold a total of 489,452 shares of company stock worth $125,095,671 over the last 90 days. 17.44% of the stock is owned by company insiders.

Several equities research analysts recently commented on the company. Oppenheimer raised their target price on Trade Desk from $210.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Royal Bank of Canada raised their target price on Trade Desk to $250.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. BidaskClub downgraded Trade Desk from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Raymond James downgraded Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 target price on the stock. in a report on Friday, August 9th. Finally, Zacks Investment Research downgraded Trade Desk from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $226.34.

TTD stock opened at $184.76 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. Trade Desk Inc has a 52-week low of $102.35 and a 52-week high of $289.51. The stock’s 50 day moving average is $233.92 and its two-hundred day moving average is $224.10. The company has a market capitalization of $8.75 billion, a PE ratio of 94.00, a P/E/G ratio of 3.82 and a beta of 2.77.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.51. Trade Desk had a return on equity of 23.63% and a net margin of 17.44%. The company had revenue of $159.90 million for the quarter, compared to the consensus estimate of $155.26 million. During the same period in the previous year, the business earned $0.60 EPS. Trade Desk’s revenue for the quarter was up 42.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Trade Desk Inc will post 1.85 EPS for the current year.

About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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

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