Semanteon Capital Management LP Has $791,000 Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Semanteon Capital Management LP trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 42.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,216 shares of the technology company’s stock after selling 5,395 shares during the period. Semanteon Capital Management LP’s holdings in Trade Desk were worth $791,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Kercheville Advisors LLC boosted its holdings in shares of Trade Desk by 66.1% during the 3rd quarter. Kercheville Advisors LLC now owns 11,060 shares of the technology company’s stock valued at $1,213,000 after acquiring an additional 4,400 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Trade Desk by 84.3% during the third quarter. J.W. Cole Advisors Inc. now owns 29,488 shares of the technology company’s stock valued at $3,233,000 after purchasing an additional 13,490 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in Trade Desk during the 3rd quarter worth approximately $216,000. Bristlecone Advisors LLC increased its position in Trade Desk by 1.1% in the 3rd quarter. Bristlecone Advisors LLC now owns 18,866 shares of the technology company’s stock valued at $2,069,000 after acquiring an additional 197 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Trade Desk by 7.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 303,999 shares of the technology company’s stock valued at $32,945,000 after acquiring an additional 21,731 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Up 0.2 %

Shares of TTD stock traded up $0.18 during trading hours on Monday, reaching $119.65. The stock had a trading volume of 288,522 shares, compared to its average volume of 3,757,558. The firm has a market capitalization of $58.82 billion, a PE ratio of 238.94, a PEG ratio of 5.75 and a beta of 1.48. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $121.44. The stock’s fifty day simple moving average is $109.08 and its 200 day simple moving average is $98.42.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TTD shares. Wedbush reiterated an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Trade Desk in a research report on Thursday, September 12th. Stifel Nicolaus upped their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Truist Financial upped their target price on Trade Desk from $108.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their price target on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Bank of America initiated coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $112.97.

Insiders Place Their Bets

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. 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. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,557,897 shares of company stock worth $170,121,565. Company insiders own 9.72% of the company’s stock.

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.