The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by CMH Wealth Management LLC

CMH Wealth Management LLC raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 261.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 203,648 shares of the technology company's stock after purchasing an additional 147,247 shares during the quarter. Trade Desk accounts for about 2.8% of CMH Wealth Management LLC's investment portfolio, making the stock its 10th biggest position. CMH Wealth Management LLC's holdings in Trade Desk were worth $11,144,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Trade Desk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock valued at $5,015,035,000 after acquiring an additional 253,137 shares in the last quarter. Invesco Ltd. lifted its stake in Trade Desk by 2.6% during the fourth quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock worth $930,477,000 after purchasing an additional 198,822 shares during the period. Norges Bank acquired a new stake in Trade Desk during the fourth quarter valued at approximately $524,187,000. FMR LLC boosted its holdings in Trade Desk by 44.8% during the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock valued at $445,237,000 after purchasing an additional 1,172,082 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Trade Desk by 13.2% in the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after purchasing an additional 418,911 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Trading Up 1.2%

Shares of NASDAQ:TTD traded up $0.88 during mid-day trading on Tuesday, reaching $72.37. The stock had a trading volume of 4,050,845 shares, compared to its average volume of 6,123,584. The firm has a 50 day simple moving average of $61.80 and a two-hundred day simple moving average of $87.93. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53. The firm has a market cap of $35.57 billion, a PE ratio of 92.78, a price-to-earnings-growth ratio of 3.11 and a beta of 1.41.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The company had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. During the same period last year, the business posted $0.26 earnings per share. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a share buyback program on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson decreased their price target on Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Oppenheimer boosted their target price on shares of Trade Desk from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Wedbush reiterated an "outperform" rating and set a $86.00 target price (up previously from $80.00) on shares of Trade Desk in a research report on Friday, May 9th. Morgan Stanley boosted their price target on shares of Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Evercore ISI lowered shares of Trade Desk from an "outperform" rating to an "inline" rating and dropped their price objective for the stock from $135.00 to $90.00 in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, Trade Desk presently has a consensus rating of "Moderate Buy" and an average target price of $97.15.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction dated 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 of the company's stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction dated 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 transaction, the director now owns 66,985 shares of the company's stock, 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. Corporate insiders own 9.74% of the company's stock.

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.