Quantinno Capital Management LP Buys 1,148,680 Shares of The Trade Desk $TTD

Quantinno Capital Management LP boosted its stake in shares of The Trade Desk (NASDAQ:TTD) by 330.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,496,748 shares of the technology company’s stock after acquiring an additional 1,148,680 shares during the period. Quantinno Capital Management LP’s holdings in Trade Desk were worth $33,961,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Albion Financial Group UT bought a new stake in Trade Desk in the 4th quarter worth approximately $30,000. Root Financial Partners LLC boosted its position in shares of Trade Desk by 219.4% during the 1st quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock valued at $30,000 after acquiring an additional 906 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Trade Desk in the fourth quarter valued at $35,000. Ascentis Independent Advisors purchased a new position in shares of Trade Desk in the first quarter valued at $36,000. Finally, Binnacle Investments Inc bought a new stake in Trade Desk in the third quarter worth $37,000. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TTD shares. Royal Bank Of Canada set a $33.00 price objective on shares of Trade Desk and gave the company an “outperform” rating in a research report on Friday, May 8th. Rosenblatt Securities decreased their target price on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Truist Financial set a $35.00 price target on shares of Trade Desk and gave the company a “buy” rating in a report on Friday, May 8th. Stifel Nicolaus set a $21.00 price target on Trade Desk in a research report on Friday, May 8th. Finally, William Blair cut Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.43.

Insider Buying and Selling

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director owned 13,099 shares in the company, valued at $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.41% of the stock is owned by company insiders.

Trade Desk Stock Performance

TTD opened at $18.28 on Friday. The stock’s 50 day moving average price is $19.34 and its 200-day moving average price is $23.49. The Trade Desk has a one year low of $16.70 and a one year high of $91.45. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 0.92 and a beta of 1.04.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. During the same period in the prior year, the business posted $0.33 earnings per share. Trade Desk’s revenue was up 11.8% on a year-over-year basis. As a group, analysts predict that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.