CMH Wealth Management LLC Has $9.07 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

CMH Wealth Management LLC grew its stake in The Trade Desk, Inc. (NASDAQ:TTDGet Rating) by 171.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 216,500 shares of the technology company’s stock after purchasing an additional 136,619 shares during the period. Trade Desk makes up about 3.3% of CMH Wealth Management LLC’s portfolio, making the stock its 9th biggest position. CMH Wealth Management LLC’s holdings in Trade Desk were worth $9,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TTD. Itau Unibanco Holding S.A. bought a new stake in shares of Trade Desk during the 4th quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Trade Desk during the 1st quarter worth approximately $42,000. San Luis Wealth Advisors LLC bought a new stake in shares of Trade Desk during the 1st quarter worth approximately $42,000. Clearstead Advisors LLC lifted its stake in shares of Trade Desk by 49.0% during the 4th quarter. Clearstead Advisors LLC now owns 468 shares of the technology company’s stock worth $43,000 after acquiring an additional 154 shares during the last quarter. Finally, Vestor Capital LLC purchased a new position in Trade Desk during the 1st quarter worth $47,000. 67.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Trade Desk news, CFO Blake Jeffrey Grayson sold 3,676 shares of Trade Desk stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $72.50, for a total transaction of $266,510.00. Following the completion of the sale, the chief financial officer now owns 197,858 shares of the company’s stock, valued at approximately $14,344,705. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.79% of the stock is currently owned by insiders.

Trade Desk Stock Down 3.5 %

Shares of Trade Desk stock traded down $2.10 during trading on Friday, reaching $57.14. The company’s stock had a trading volume of 203,750 shares, compared to its average volume of 3,709,666. The company has a market cap of $27.70 billion, a price-to-earnings ratio of 846.41, a P/E/G ratio of 12.23 and a beta of 1.94. The Trade Desk, Inc. has a 1-year low of $39.00 and a 1-year high of $114.09. The company has a 50-day simple moving average of $59.02 and a two-hundred day simple moving average of $56.82.

Trade Desk (NASDAQ:TTDGet Rating) last posted its quarterly earnings data on Tuesday, August 9th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The business had revenue of $376.96 million during the quarter, compared to analyst estimates of $365.20 million. Trade Desk had a return on equity of 2.16% and a net margin of 2.43%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on TTD. DA Davidson raised their price objective on Trade Desk from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Royal Bank of Canada reduced their price objective on Trade Desk from $85.00 to $75.00 in a report on Thursday, August 4th. Jefferies Financial Group reduced their price objective on Trade Desk from $75.00 to $65.00 in a report on Thursday, August 4th. Oppenheimer raised their price objective on Trade Desk from $60.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, August 10th. Finally, Evercore ISI raised their price objective on Trade Desk to $75.00 in a report on Monday, August 15th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.24.

Trade Desk Company Profile

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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 create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.

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

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