Baader Bank Aktiengesellschaft Purchases New Position in The Trade Desk (NASDAQ:TTD)

Key Points

• Baader Bank Aktiengesellschaft has acquired a new position in The Trade Desk, purchasing 15,269 shares valued at approximately $809,000 during the first quarter.
• In its recent earnings report, The Trade Desk reported a quarterly revenue of $616.02 million, exceeding analyst expectations, while the earnings per share (EPS) came in at $0.33 against an estimated $0.26.
• CEO Jeffrey Terry Green sold 26,684 shares of The Trade Desk's stock for over $2.1 million, resulting in a significant decrease in his holdings by over 61%.

Baader Bank Aktiengesellschaft purchased a new stake in The Trade Desk (NASDAQ:TTD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,269 shares of the technology company's stock, valued at approximately $809,000.

Several other hedge funds have also made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in Trade Desk in the 4th quarter worth approximately $25,000. Park Square Financial Group LLC purchased a new stake in Trade Desk in the 4th quarter worth approximately $47,000. BNP Paribas purchased a new stake in Trade Desk in the 4th quarter worth approximately $50,000. Banque Cantonale Vaudoise purchased a new stake in Trade Desk in the 1st quarter worth approximately $26,000. Finally, Banque Transatlantique SA purchased a new stake in Trade Desk in the 4th quarter worth approximately $56,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Price Performance

NASDAQ:TTD traded down $0.88 during midday trading on Friday, reaching $86.08. The stock had a trading volume of 9,973,566 shares, compared to its average volume of 14,718,176. The stock has a market capitalization of $42.30 billion, a P/E ratio of 104.98, a PEG ratio of 3.95 and a beta of 1.36. The firm's fifty day simple moving average is $75.63 and its 200-day simple moving average is $74.76. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The business's quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. On average, equities research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the sale, the director directly owned 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer owned 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 disclosure for this sale can be found here. Company insiders own 10.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. DA Davidson cut their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Citigroup reiterated a "buy" rating on shares of Trade Desk in a research report on Tuesday, July 15th. JMP Securities restated a "market outperform" rating and set a $100.00 price target on shares of Trade Desk in a report on Tuesday, June 24th. Finally, Wedbush restated an "outperform" rating and set a $86.00 price target on shares of Trade Desk in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, Trade Desk has an average rating of "Moderate Buy" and an average target price of $100.09.

About Trade Desk

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.