Focused Wealth Management Inc Has $528,000 Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Focused Wealth Management Inc lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,815 shares of the technology company’s stock after purchasing an additional 190 shares during the quarter. Focused Wealth Management Inc’s holdings in Trade Desk were worth $528,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TTD. Janney Montgomery Scott LLC grew its holdings in Trade Desk by 76.0% during the first quarter. Janney Montgomery Scott LLC now owns 112,656 shares of the technology company’s stock worth $9,848,000 after buying an additional 48,637 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Trade Desk during the first quarter valued at approximately $82,000. Mediolanum International Funds Ltd bought a new position in Trade Desk in the 1st quarter valued at $1,317,000. Signaturefd LLC grew its position in Trade Desk by 9.9% during the first quarter. Signaturefd LLC now owns 9,943 shares of the technology company’s stock valued at $869,000 after buying an additional 899 shares during the period. Finally, Csenge Advisory Group boosted its stake in Trade Desk by 1.8% in the first quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock valued at $688,000 after acquiring an additional 141 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the sale, the chief financial officer now owns 693,953 shares of the company’s stock, valued at $80,102,994.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares in the company, valued at $68,897,150.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,557,897 shares of company stock valued at $170,121,565. Corporate insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TTD. Wells Fargo & Company initiated coverage on shares of Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price target on the stock. Stifel Nicolaus boosted their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Bank of America started coverage on Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 price target for the company. Loop Capital boosted their price objective on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Truist Financial increased their target price on shares of Trade Desk from $108.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.60.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $119.94 on Wednesday. The company’s fifty day moving average price is $111.38 and its 200-day moving average price is $100.28. The firm has a market capitalization of $58.96 billion, a price-to-earnings ratio of 239.88, a PEG ratio of 5.69 and a beta of 1.47. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $123.85.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The firm’s revenue was up 25.9% on a year-over-year basis. As a group, equities research analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current year.

About Trade Desk

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.