Sun Sep 15 17:15:15 UTC 2024: ## Trade Desk (TTD) Sees Institutional Interest and Insider Trading
**New York, NY – September 15, 2024** – The Trade Desk, Inc. (NASDAQ:TTD), a leading digital advertising platform, has attracted significant interest from institutional investors in recent quarters. Notably, CoreCap Advisors LLC initiated a new position in the company, purchasing 4,131 shares valued at approximately $403,000 during the second quarter.
Several other institutional investors have also adjusted their holdings in TTD. Dimensional Fund Advisors LP increased its stake by 5.1% in the fourth quarter, while Boston Partners, Avantax Advisory Services Inc., Quadrant Capital Group LLC, and Kingsview Wealth Management LLC all acquired new positions or expanded existing ones during the same period. Institutional investors now own a substantial 67.77% of the company’s stock.
Meanwhile, insider trading activity has been active. CEO Jeffrey Terry Green sold 283,429 shares in a transaction dated August 26th for a total value of $29,533,301.80. Samantha Jacobson, another insider, sold 4,872 shares on August 16th for $484,764.00. In total, insiders sold 599,163 shares valued at $61,246,529 in the last quarter, representing 10.18% of the company’s stock.
The Trade Desk’s recent performance has been positive. The company beat analysts’ expectations for its second quarter earnings, reporting EPS of $0.39 on revenue of $584.55 million. This represents a 25.9% year-over-year revenue increase. Analysts predict that TTD will post $0.86 EPS for the current fiscal year.
Shares of TTD opened at $106.06 on Friday, with a 50-day moving average of $97.94 and a 200-day moving average of $92.16. The stock has a market capitalization of $52.14 billion.
The Trade Desk continues to be a strong player in the digital advertising space, attracting interest from both institutional investors and individual traders.
First Piper 