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The Trade Desk (NASDAQ:TTD) Stake Raised by Bailard Inc.

Trade Desk logo with Computer and Technology background

Bailard Inc. increased its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 211.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,979 shares of the technology company's stock after acquiring an additional 30,517 shares during the quarter. Bailard Inc.'s holdings in Trade Desk were worth $2,461,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TTD. Investment Management Corp VA ADV acquired a new stake in Trade Desk during the fourth quarter worth approximately $25,000. Cloud Capital Management LLC purchased a new position in Trade Desk during the first quarter worth approximately $27,000. von Borstel & Associates Inc. purchased a new position in Trade Desk during the first quarter worth approximately $31,000. Zions Bancorporation N.A. raised its stake in Trade Desk by 148.3% during the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in Trade Desk during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David B. Wells sold 28,638 shares of the business's stock in a transaction on 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 transaction, the director directly owned 66,985 shares of the company's stock, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is owned by insiders.

Trade Desk Price Performance

TTD traded down $1.23 during trading on Friday, hitting $80.21. The company had a trading volume of 11,384,941 shares, compared to its average volume of 7,126,457. The company has a market cap of $39.42 billion, a PE ratio of 97.82, a P/E/G ratio of 3.74 and a beta of 1.36. The business has a 50-day moving average of $73.96 and a 200-day moving average of $77.18. 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, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $616.02 million for the quarter, compared to analysts' expectations of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The firm's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TTD shares. Wedbush reaffirmed an "outperform" rating and set a $86.00 price target on shares of Trade Desk in a research note on Tuesday. KeyCorp increased their price target on shares of Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI raised shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price target on the stock in a research note on Friday, June 27th. Truist Financial increased their price target on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Citizens Jmp cut their price target on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $98.48.

Read Our Latest Stock Report on Trade Desk

Trade Desk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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