Cambridge Investment Research Advisors Inc. Sells 8,050 Shares of The Trade Desk (NASDAQ:TTD)

Cambridge Investment Research Advisors Inc. cut its position in The Trade Desk (NASDAQ:TTD - Free Report) by 6.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,620 shares of the technology company's stock after selling 8,050 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Trade Desk were worth $6,436,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TTD. Brighton Jones LLC lifted its holdings in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. IFP Advisors Inc increased its position in Trade Desk by 69.1% during the 4th quarter. IFP Advisors Inc now owns 10,044 shares of the technology company's stock valued at $1,180,000 after buying an additional 4,104 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Trade Desk by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,019,707 shares of the technology company's stock valued at $237,376,000 after buying an additional 5,080 shares during the last quarter. Amalgamated Bank boosted its holdings in Trade Desk by 1.8% in the fourth quarter. Amalgamated Bank now owns 30,070 shares of the technology company's stock worth $3,534,000 after acquiring an additional 537 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in shares of Trade Desk by 9.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,231 shares of the technology company's stock worth $262,000 after acquiring an additional 192 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

TTD opened at $68.02 on Friday. The firm has a market cap of $33.43 billion, a price-to-earnings ratio of 82.95, a PEG ratio of 3.20 and a beta of 1.41. The firm's 50-day simple moving average is $67.18 and its 200-day simple moving average is $82.84. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The firm 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 company's revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, sell-side analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction that occurred 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 owns 17,018 shares in the company, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David B. Wells sold 28,638 shares of the business'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 now owns 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TTD has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, May 9th. Guggenheim dropped their price target on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. UBS Group reduced their price objective on Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada decreased their target price on Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Macquarie increased their price target on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Eight investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.03.

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.

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