Oppenheimer & Co. Inc. boosted its holdings in shares of The Commerce Desk, Inc. (NASDAQ:TTD – Free Report) by 36.4% within the second quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The agency owned 63,219 shares of the know-how firm’s inventory after buying a further 16,856 shares in the course of the interval. Oppenheimer & Co. Inc.’s holdings in Commerce Desk had been value $6,175,000 on the finish of the latest reporting interval.
A number of different hedge funds have additionally purchased and bought shares of TTD. Pinnacle Bancorp Inc. grew its stake in shares of Commerce Desk by 119.9% within the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the know-how firm’s inventory value $26,000 after buying a further 163 shares over the past quarter. Riverview Belief Co bought a brand new stake in Commerce Desk in the course of the 1st quarter valued at about $27,000. Bogart Wealth LLC grew its place in Commerce Desk by 194.7% in the course of the 1st quarter. Bogart Wealth LLC now owns 336 shares of the know-how firm’s inventory valued at $29,000 after buying a further 222 shares over the past quarter. Transcendent Capital Group LLC purchased a brand new stake in Commerce Desk in the course of the 2nd quarter valued at about $30,000. Lastly, Jones Monetary Corporations Lllp raised its holdings in Commerce Desk by 889.4% within the fourth quarter. Jones Monetary Corporations Lllp now owns 465 shares of the know-how firm’s inventory value $33,000 after shopping for a further 418 shares over the past quarter. Institutional buyers personal 67.77% of the corporate’s inventory.
Commerce Desk Inventory Up 1.5 %
NASDAQ:TTD opened at $106.06 on Friday. The enterprise’s 50-day easy transferring common is $97.94 and its two-hundred day easy transferring common is $92.16. The Commerce Desk, Inc. has a 52 week low of $60.23 and a 52 week excessive of $107.64. The inventory has a market cap of $52.14 billion, a PE ratio of 265.16, a P/E/G ratio of 5.03 and a beta of 1.48.
Commerce Desk (NASDAQ:TTD – Get Free Report) final issued its earnings outcomes on Thursday, August eighth. The know-how firm reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. Commerce Desk had a return on fairness of 11.40% and a internet margin of 11.65%. The corporate had income of $584.55 million for the quarter, in comparison with the consensus estimate of $578.03 million. Throughout the identical quarter final yr, the corporate earned $0.07 EPS. The agency’s quarterly income was up 25.9% on a year-over-year foundation. Promote-side analysts anticipate that The Commerce Desk, Inc. will put up 0.86 earnings per share for the present fiscal yr.
Analyst Upgrades and Downgrades
TTD has been the topic of a number of analyst reviews. Morgan Stanley raised their value goal on shares of Commerce Desk from $100.00 to $110.00 and gave the corporate an “chubby” score in a analysis report on Tuesday, July twenty third. Piper Sandler restated an “chubby” score and issued a $110.00 value goal on shares of Commerce Desk in a analysis word on Tuesday, June eleventh. Robert W. Baird upped their value goal on Commerce Desk from $110.00 to $130.00 and gave the corporate an “outperform” score in a report on Monday, August twelfth. KeyCorp lifted their value goal on Commerce Desk from $105.00 to $115.00 and gave the inventory an “chubby” score in a report on Friday, August ninth. Lastly, Macquarie restated an “outperform” score and set a $115.00 goal value on shares of Commerce Desk in a analysis word on Friday, August ninth. One funding analyst has rated the inventory with a promote score, 4 have given a maintain score, twenty-four have assigned a purchase score and one has given a powerful purchase score to the corporate’s inventory. In accordance with MarketBeat.com, the inventory presently has a consensus score of “Reasonable Purchase” and a mean goal value of $109.05.
View Our Newest Report on Commerce Desk
Insider Shopping for and Promoting at Commerce Desk
In different Commerce Desk information, Director Andrea Lee Cunningham bought 1,606 shares of the inventory in a transaction dated Thursday, August fifteenth. The shares had been bought at a mean value of $100.07, for a complete transaction of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares of the corporate’s inventory, valued at roughly $351,846.12. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which might be accessed via the SEC web site. In associated information, CEO Jeffrey Terry Inexperienced bought 283,429 shares of the corporate’s inventory in a transaction on Monday, August twenty sixth. The shares had been bought at a mean value of $104.20, for a complete transaction of $29,533,301.80. Following the sale, the chief govt officer now owns 380,832 shares of the corporate’s inventory, valued at $39,682,694.40. The transaction was disclosed in a authorized submitting with the SEC, which is offered via the SEC web site. Additionally, Director Andrea Lee Cunningham bought 1,606 shares of the inventory in a transaction on Thursday, August fifteenth. The shares had been bought at a mean value of $100.07, for a complete transaction of $160,712.42. Following the transaction, the director now owns 3,516 shares of the corporate’s inventory, valued at roughly $351,846.12. The disclosure for this sale might be discovered right here. Within the final ninety days, insiders have bought 599,163 shares of firm inventory value $61,246,529. Insiders personal 10.18% of the corporate’s inventory.
About Commerce Desk
The Commerce Desk, Inc operates as a know-how firm in the USA and internationally. The corporate affords a self-service cloud-based platform that enables consumers to plan, handle, optimize, and measure data-driven digital promoting campaigns throughout varied advert codecs and channels, together with video, show, audio, digital-out-of-home, native, and social on varied units, equivalent to computer systems, cellular units, televisions, and streaming units.
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