Versor Investments LP Buys New Stake in The Trade Desk $TTD

Versor Investments LP acquired a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,616 shares of the technology company's stock, valued at approximately $745,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Investment Management Corp VA ADV purchased a new stake in shares of Trade Desk during the fourth quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in shares of Trade Desk during the fourth quarter valued at $47,000. BNP Paribas purchased a new stake in shares of Trade Desk during the fourth quarter valued at $50,000. Banque Cantonale Vaudoise purchased a new stake in shares of Trade Desk during the first quarter valued at $26,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Trade Desk during the fourth quarter valued at $56,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Evercore ISI raised shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Friday, June 27th. Oppenheimer boosted their target price on shares of Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. BTIG Research downgraded shares of Trade Desk from a "buy" rating to a "neutral" rating in a research report on Friday, August 8th. BMO Capital Markets set a $98.00 target price on shares of Trade Desk and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, DA Davidson decreased their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $88.58.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.00% of the company's stock.

Trade Desk Trading Up 5.4%

Shares of NASDAQ TTD opened at $54.95 on Tuesday. The stock has a market cap of $27.00 billion, a PE ratio of 66.21, a P/E/G ratio of 2.67 and a beta of 1.37. The company has a 50-day moving average of $73.89 and a 200 day moving average of $69.89. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The firm had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, sell-side analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk 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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