34,657 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 34,657 shares of the technology company's stock, valued at approximately $3,800,000. Trade Desk comprises approximately 1.3% of Peregrine Asset Advisers Inc.'s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Los Angeles Capital Management LLC lifted its stake in Trade Desk by 54.2% in the third quarter. Los Angeles Capital Management LLC now owns 532,487 shares of the technology company's stock worth $58,387,000 after acquiring an additional 187,143 shares during the last quarter. Tyler Stone Wealth Management increased its holdings in Trade Desk by 81.4% in the third quarter. Tyler Stone Wealth Management now owns 5,356 shares of the technology company's stock valued at $587,000 after buying an additional 2,403 shares during the last quarter. Guerra Pan Advisors LLC acquired a new stake in Trade Desk in the third quarter valued at $217,000. Mesirow Financial Investment Management Inc. boosted its position in shares of Trade Desk by 6.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 36,182 shares of the technology company's stock worth $3,967,000 after acquiring an additional 2,137 shares in the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Trade Desk by 3.3% in the 3rd quarter. Atria Investments Inc now owns 31,876 shares of the technology company's stock valued at $3,495,000 after acquiring an additional 1,033 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTD. Truist Financial boosted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday. Evercore ISI raised Trade Desk to a "strong-buy" rating in a report on Tuesday, August 6th. Piper Sandler reissued an "overweight" rating and issued a $140.00 target price (up from $110.00) on shares of Trade Desk in a report on Friday. New Street Research lowered Trade Desk from a "neutral" rating to a "sell" rating and set a $86.00 price target on the stock. in a research report on Tuesday, October 29th. Finally, Macquarie increased their price objective on Trade Desk from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.65.

Insider Activity at Trade Desk

In related news, insider Samantha Jacobson sold 4,872 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now owns 99,374 shares of the company's stock, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company's stock, valued at approximately $3,375,898.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of the business's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock worth $170,121,565 in the last three months. 9.72% of the stock is owned by insiders.

Trade Desk Stock Up 2.1 %

Shares of Trade Desk stock traded up $2.66 during trading on Monday, hitting $127.79. 3,930,146 shares of the stock traded hands, compared to its average volume of 3,819,037. The firm's fifty day moving average is $112.83 and its 200-day moving average is $101.27. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65. The stock has a market cap of $62.82 billion, a price-to-earnings ratio of 214.59, a PEG ratio of 6.02 and a beta of 1.47.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 13.73% and a net margin of 13.34%. The business had revenue of $584.55 million for the quarter, compared to analysts' expectations of $578.03 million. During the same period in the previous year, the firm earned $0.07 EPS. The business's quarterly revenue was up 25.9% on a year-over-year basis. On average, analysts forecast that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal 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.