Dynamic Advisor Solutions LLC Buys Shares of 18,177 The Trade Desk (NASDAQ:TTD)

Dynamic Advisor Solutions LLC bought a new stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 18,177 shares of the technology company's stock, valued at approximately $995,000.

Several other institutional investors have also recently added to or reduced their stakes in TTD. Norges Bank bought a new stake in Trade Desk during the fourth quarter valued at $524,187,000. Brown Advisory Inc. increased its stake in Trade Desk by 3,037.0% during the fourth quarter. Brown Advisory Inc. now owns 2,714,955 shares of the technology company's stock valued at $319,089,000 after purchasing an additional 2,628,409 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Trade Desk during the fourth quarter valued at $231,570,000. Franklin Resources Inc. increased its stake in Trade Desk by 265.9% during the fourth quarter. Franklin Resources Inc. now owns 1,864,386 shares of the technology company's stock valued at $219,121,000 after purchasing an additional 1,354,891 shares during the last quarter. Finally, FMR LLC increased its stake 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 during the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Trading Down 3.7%

Shares of NASDAQ TTD opened at $67.64 on Wednesday. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The company has a market capitalization of $33.24 billion, a price-to-earnings ratio of 82.49, a PEG ratio of 3.22 and a beta of 1.41. The firm has a 50-day moving average of $64.50 and a two-hundred day moving average of $85.78.

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, beating analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. During the same period in the prior year, the company earned $0.26 EPS. Trade Desk's revenue was up 25.4% on a year-over-year basis. As a group, research analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTD. Wells Fargo & Company lowered their price target on shares of Trade Desk from $101.00 to $72.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Guggenheim lowered their price target on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 9th. JMP Securities lowered their price target on shares of Trade Desk from $115.00 to $100.00 and set a "market outperform" rating for the company in a research report on Friday, May 9th. KeyCorp upped their price target on shares of Trade Desk from $67.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Citigroup upped their price target on shares of Trade Desk from $63.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.15.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 17,018 shares of the company's stock, valued at $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 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 disclosure for this sale can be found here. Insiders own 9.72% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.