Kazazian Asset Management LLC Invests $348,000 in The Trade Desk (NASDAQ:TTD)

Kazazian Asset Management LLC acquired a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,362 shares of the technology company's stock, valued at approximately $348,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Anchor Investment Management LLC boosted its position in Trade Desk by 17.2% during the fourth quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company's stock valued at $120,000 after purchasing an additional 150 shares during the last quarter. Brighton Jones LLC boosted its position in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. Peterson Wealth Services boosted its position in Trade Desk by 2.2% during the first quarter. Peterson Wealth Services now owns 8,992 shares of the technology company's stock valued at $492,000 after purchasing an additional 190 shares during the last quarter. Huntington National Bank boosted its position in Trade Desk by 11.2% during the fourth quarter. Huntington National Bank now owns 1,923 shares of the technology company's stock valued at $226,000 after purchasing an additional 194 shares during the last quarter. Finally, Prosperity Consulting Group LLC boosted its position in Trade Desk by 2.6% during the fourth quarter. Prosperity Consulting Group LLC now owns 7,834 shares of the technology company's stock valued at $921,000 after purchasing an additional 200 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, Director David B. Wells sold 28,638 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the sale, the director directly owned 66,985 shares of the company's stock, valued at $5,350,761.80. The trade was a 29.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the sale, the chief executive officer directly owned 17,018 shares of the company's stock, valued at $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TTD shares. UBS Group reissued a "buy" rating and set a $105.00 price target (up from $80.00) on shares of Trade Desk in a research report on Wednesday, July 16th. Rosenblatt Securities raised their price objective on Trade Desk from $77.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, June 6th. HSBC set a $75.00 price objective on Trade Desk and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Wedbush reaffirmed an "outperform" rating and issued a $86.00 price objective on shares of Trade Desk in a research report on Tuesday, July 15th. Finally, Macquarie raised their price objective on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Trade Desk has an average rating of "Moderate Buy" and a consensus price target of $100.09.

Trade Desk Trading Down 1.0%

Shares of TTD opened at $86.08 on Friday. The company has a market capitalization of $42.30 billion, a PE ratio of 104.98, a PEG ratio of 3.95 and a beta of 1.36. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The stock's 50-day moving average price is $75.63 and its two-hundred day moving average price is $74.76.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The business's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. Equities research analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

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.

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