3,611 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Ethic Inc.

Ethic Inc. acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,611 shares of the technology company's stock, valued at approximately $424,000.

A number of other institutional investors have also modified their holdings of TTD. Rialto Wealth Management LLC acquired a new position in shares of Trade Desk in the fourth quarter worth about $26,000. Harbor Investment Advisory LLC boosted its holdings in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after purchasing an additional 117 shares during the last quarter. Synergy Asset Management LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. Midwest Capital Advisors LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. Finally, Zions Bancorporation N.A. lifted its holdings in shares of Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after acquiring an additional 175 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TTD shares. Rosenblatt Securities started coverage on shares of Trade Desk in a report on Tuesday, April 29th. They set a "buy" rating and a $77.00 target price on the stock. Truist Financial increased their price objective on shares of Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Cantor Fitzgerald decreased their target price on Trade Desk from $115.00 to $100.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. DA Davidson lowered their price objective on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Guggenheim lowered their price objective on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of "Moderate Buy" and a consensus target price of $97.12.

Trade Desk Trading Down 0.0%

NASDAQ TTD traded down $0.03 during trading hours on Monday, hitting $76.28. 2,801,207 shares of the company's stock were exchanged, compared to its average volume of 5,931,624. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market cap of $37.84 billion, a price-to-earnings ratio of 97.79, a PEG ratio of 3.11 and a beta of 1.29. The stock has a 50-day simple moving average of $56.12 and a 200 day simple moving average of $93.51.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The company's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. On average, sell-side analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the sale, the chief executive officer now directly owns 17,018 shares in the company, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Wells sold 28,638 shares of the firm'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 transaction, the director now directly owns 66,985 shares in the company, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company's stock.

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.