Malaga Cove Capital LLC Raises Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Malaga Cove Capital LLC increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,928 shares of the technology company’s stock after acquiring an additional 1,499 shares during the period. Trade Desk makes up approximately 1.3% of Malaga Cove Capital LLC’s portfolio, making the stock its 19th biggest holding. Malaga Cove Capital LLC’s holdings in Trade Desk were worth $3,314,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Pinnacle Bancorp Inc. lifted its position in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares during the period. Riverview Trust Co acquired a new position in Trade Desk during the first quarter worth $27,000. Transcendent Capital Group LLC acquired a new position in Trade Desk during the second quarter worth $30,000. Bogart Wealth LLC boosted its position in Trade Desk by 194.7% during the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in Trade Desk in the second quarter valued at $37,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Bank of America assumed coverage on shares of Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target on the stock. Cantor Fitzgerald assumed coverage on Trade Desk in a research note on Thursday, September 5th. They issued a “neutral” rating and a $110.00 target price on the stock. Susquehanna increased their target price on Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a report on Friday, August 9th. Finally, Robert W. Baird upped their price objective on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $108.85.

Trade Desk Price Performance

NASDAQ TTD opened at $99.32 on Tuesday. The business’s 50-day simple moving average is $97.65 and its 200-day simple moving average is $91.67. The firm has a market capitalization of $48.82 billion, a P/E ratio of 248.31, a P/E/G ratio of 4.83 and a beta of 1.47. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $105.39.

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

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares in the company, valued at $39,682,694.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction on Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the sale, the chief financial officer now directly owns 703,038 shares in the company, valued at approximately $67,055,764.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 642,868 shares of company stock valued at $65,415,112. Corporate insiders own 10.18% 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 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.