Clear Creek Financial Management LLC Makes New Investment in The Trade Desk (NASDAQ:TTD)

Clear Creek Financial Management LLC purchased a new stake in The Trade Desk (NASDAQ:TTD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,105 shares of the technology company's stock, valued at approximately $334,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Investment Management Corp VA ADV acquired a new stake in Trade Desk during the 4th quarter valued at approximately $25,000. Rialto Wealth Management LLC bought a new stake in shares of Trade Desk in the 4th quarter valued at $26,000. Zions Bancorporation N.A. boosted its stake 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 valued at $34,000 after purchasing an additional 175 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Trade Desk during the first quarter worth $35,000. Finally, Pinnacle Bancorp Inc. raised its stake in Trade Desk by 143.5% during the first quarter. Pinnacle Bancorp Inc. now owns 728 shares of the technology company's stock worth $40,000 after buying an additional 429 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Guggenheim decreased their price target on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 9th. HSBC set a $75.00 target price on Trade Desk and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Evercore ISI upgraded Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Friday, June 27th. Stifel Nicolaus cut their price target on Trade Desk from $122.00 to $87.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reduced their price objective on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $97.27.

Trade Desk Trading Up 0.1%

TTD stock opened at $73.58 on Thursday. The stock has a market cap of $36.16 billion, a P/E ratio of 89.73, a P/E/G ratio of 3.37 and a beta of 1.36. The stock's fifty day simple moving average is $69.02 and its two-hundred day simple moving average is $81.16. 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 issued its quarterly 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 company had revenue of $616.02 million for the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.26 EPS. As a group, analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Activity at Trade Desk

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction on 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 completion of the sale, the director directly owned 66,985 shares of the company's stock, valued at $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction on Monday, May 12th. The shares were 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. 9.74% of the stock is currently owned by corporate insiders.

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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