GSA Capital Partners LLP acquired a new stake in The Trade Desk Inc. (NASDAQ:TTD) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,419 shares of the technology company’s stock, valued at approximately $923,000.

Several other large investors have also recently made changes to their positions in TTD. Alps Advisors Inc. raised its holdings in shares of The Trade Desk by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 11,617 shares of the technology company’s stock valued at $582,000 after purchasing an additional 30 shares in the last quarter. Wexford Capital LP lifted its position in shares of The Trade Desk by 0.5% during the 1st quarter. Wexford Capital LP now owns 19,879 shares of the technology company’s stock worth $740,000 after purchasing an additional 100 shares during the last quarter. Legal & General Group Plc lifted its position in shares of The Trade Desk by 75.4% during the 2nd quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after purchasing an additional 1,664 shares during the last quarter. Strs Ohio lifted its position in shares of The Trade Desk by 100.0% during the 1st quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock worth $126,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its position in shares of The Trade Desk by 181.5% during the 1st quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,824 shares during the last quarter. 62.80% of the stock is currently owned by institutional investors.

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TTD has been the topic of several recent analyst reports. BidaskClub raised The Trade Desk from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Cantor Fitzgerald restated a “buy” rating and issued a $62.00 price target on shares of The Trade Desk in a research note on Thursday, September 21st. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $66.00 price target on shares of The Trade Desk in a report on Thursday, September 7th. Zacks Investment Research raised The Trade Desk from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Tuesday, June 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price objective (up from $57.00) on shares of The Trade Desk in a research report on Friday, August 11th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $56.00.

Shares of The Trade Desk Inc. (TTD) opened at 61.51 on Monday. The company’s 50-day moving average is $60.54 and its 200 day moving average is $60.54. The firm has a market capitalization of $2.51 billion and a price-to-earnings ratio of 56.80. The Trade Desk Inc. has a 52 week low of $22.01 and a 52 week high of $62.86.

The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The company’s revenue for the quarter was up 54.2% on a year-over-year basis. Analysts anticipate that The Trade Desk Inc. will post $1.44 EPS for the current fiscal year.

In other news, insider David Randall Pickles sold 70,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $60.89, for a total value of $4,262,300.00. Following the completion of the sale, the insider now owns 56,499 shares of the company’s stock, valued at approximately $3,440,224.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $51.05, for a total transaction of $459,450.00. Following the completion of the sale, the insider now directly owns 144,400 shares of the company’s stock, valued at approximately $7,371,620. The disclosure for this sale can be found here. Insiders have sold a total of 299,015 shares of company stock worth $16,337,265 over the last quarter. 26.87% of the stock is currently owned by insiders.

About The Trade Desk

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

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

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