The Trade Desk (NASDAQ:TTD) Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. boosted its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 75.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,390 shares of the technology company's stock after acquiring an additional 12,168 shares during the quarter. Alps Advisors Inc.'s holdings in Trade Desk were worth $1,554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. LBP AM SA boosted its holdings in Trade Desk by 116.1% during the 1st quarter. LBP AM SA now owns 64,154 shares of the technology company's stock valued at $3,511,000 after acquiring an additional 34,465 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in Trade Desk by 5.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 25,628 shares of the technology company's stock valued at $1,402,000 after acquiring an additional 1,234 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Trade Desk by 7.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 9,462 shares of the technology company's stock valued at $518,000 after buying an additional 656 shares during the period. Brown Advisory Inc. boosted its stake in shares of Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after buying an additional 5,387,339 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Trade Desk by 50.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 5,407 shares of the technology company's stock valued at $296,000 after buying an additional 1,811 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director David B. Wells sold 28,638 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the transaction, the director owned 66,985 shares of the company's stock, valued at $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of the company's 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 transaction, the chief executive officer directly owned 17,018 shares in the company, valued at $1,361,950.54. This represents a 61.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group set a $125.00 price objective on Trade Desk and gave the company a "buy" rating in a research note on Tuesday, April 29th. Guggenheim decreased their price objective on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Stifel Nicolaus decreased their price objective on Trade Desk from $122.00 to $87.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. JMP Securities reiterated a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a research note on Tuesday, June 24th. Finally, Rosenblatt Securities lifted their price objective on Trade Desk from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Eight investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.27.

Trade Desk Price Performance

Shares of NASDAQ:TTD traded up $1.57 during trading on Monday, reaching $76.95. The company had a trading volume of 1,592,358 shares, compared to its average volume of 6,400,750. The firm has a market capitalization of $37.81 billion, a price-to-earnings ratio of 93.93, a price-to-earnings-growth ratio of 3.46 and a beta of 1.36. The stock's fifty day moving average price is $71.96 and its 200 day moving average price is $77.99. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating 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 15.41% and a net margin of 16.04%. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. On average, equities analysts anticipate 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.