Cwm LLC Has $861,000 Stake in The Trade Desk (NASDAQ:TTD)

Cwm LLC lowered its position in The Trade Desk (NASDAQ:TTD - Free Report) by 20.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,741 shares of the technology company's stock after selling 3,956 shares during the quarter. Cwm LLC's holdings in Trade Desk were worth $861,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brown Advisory Inc. increased its holdings in shares of Trade Desk by 198.4% during the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after acquiring an additional 5,387,339 shares in the last quarter. Norges Bank acquired a new position in Trade Desk during the fourth quarter worth $524,187,000. Franklin Resources Inc. raised its holdings in shares of Trade Desk by 265.9% in the 4th quarter. Franklin Resources Inc. now owns 1,864,386 shares of the technology company's stock worth $219,121,000 after acquiring an additional 1,354,891 shares during the last quarter. FMR LLC raised its stake in shares of Trade Desk by 44.8% in the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after purchasing an additional 1,172,082 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Trade Desk during the fourth quarter worth $100,658,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred 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 completion of the sale, the director owned 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of the 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 completion of the transaction, the chief executive officer directly owned 17,018 shares in the company, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is owned by company insiders.

Trade Desk Price Performance

Shares of TTD stock opened at $81.67 on Wednesday. The company has a market capitalization of $40.14 billion, a price-to-earnings ratio of 99.60, a PEG ratio of 3.66 and a beta of 1.36. The company's fifty day moving average price is $74.04 and its 200-day moving average price is $76.36. The Trade Desk has a one year low of $42.96 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating 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%. Trade Desk's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. Equities research analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TTD shares. Cfra Research raised Trade Desk to a "moderate buy" rating in a report on Tuesday, March 25th. Citigroup reaffirmed a "buy" rating on shares of Trade Desk in a report on Tuesday, July 15th. Macquarie raised their price target on Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Citizens Jmp cut their target price on Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $100.00 target price on shares of Trade Desk in a research note on Tuesday, June 24th. Eight investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $98.73.

Trade Desk Company Profile

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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