Dynamic Technology Lab Private Ltd Invests $839,000 in Trade Desk Inc (NASDAQ:TTD)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Trade Desk Inc (NASDAQ:TTD) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,236 shares of the technology company’s stock, valued at approximately $839,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Trade Desk in the 4th quarter worth $2,441,000. Covenant Asset Management LLC bought a new position in shares of Trade Desk in the 1st quarter worth $3,145,000. Empowered Funds LLC bought a new position in shares of Trade Desk in the 1st quarter worth $1,476,000. California State Teachers Retirement System raised its position in shares of Trade Desk by 4.9% in the 4th quarter. California State Teachers Retirement System now owns 52,221 shares of the technology company’s stock worth $6,061,000 after acquiring an additional 2,442 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Trade Desk by 78.1% in the 4th quarter. Raymond James & Associates now owns 29,807 shares of the technology company’s stock worth $3,459,000 after acquiring an additional 13,075 shares in the last quarter. Institutional investors own 67.39% of the company’s stock.

Several research analysts recently issued reports on the company. BidaskClub raised Trade Desk from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC assumed coverage on Trade Desk in a research report on Monday, April 22nd. They set a “hold” rating and a $211.03 target price on the stock. Susquehanna Bancshares upped their target price on Trade Desk from $205.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, May 10th. Pivotal Research initiated coverage on Trade Desk in a report on Wednesday, May 29th. They issued a “buy” rating and a $255.00 price objective on the stock. Finally, Raymond James reissued an “outperform” rating on shares of Trade Desk in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $190.18.

In other news, insider David Randall Pickles sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $247.77, for a total transaction of $2,477,700.00. Following the completion of the transaction, the insider now directly owns 60,123 shares in the company, valued at $14,896,675.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul Ross sold 2,682 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $207.00, for a total value of $555,174.00. Following the transaction, the chief financial officer now owns 38,864 shares of the company’s stock, valued at $8,044,848. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,632 shares of company stock valued at $34,852,378. Company insiders own 17.44% of the company’s stock.

TTD stock traded up $5.99 during midday trading on Monday, hitting $233.77. 1,150,132 shares of the company’s stock were exchanged, compared to its average volume of 1,547,979. The company’s 50-day simple moving average is $217.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $10.51 billion, a PE ratio of 121.76, a PEG ratio of 6.24 and a beta of 2.73. Trade Desk Inc has a 1-year low of $83.66 and a 1-year high of $257.99.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 9th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.42. The company had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $117.13 million. Trade Desk had a return on equity of 24.41% and a net margin of 17.41%. The firm’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. Equities research analysts forecast that Trade Desk Inc will post 1.83 earnings per share for the current fiscal 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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