First Bank & Trust Acquires 5,194 Shares of The Trade Desk (NASDAQ:TTD)

First Bank & Trust boosted its position in The Trade Desk (NASDAQ:TTD - Free Report) by 114.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,748 shares of the technology company's stock after purchasing an additional 5,194 shares during the quarter. First Bank & Trust's holdings in Trade Desk were worth $533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new position in shares of Trade Desk during the fourth quarter valued at $25,000. Rialto Wealth Management LLC bought a new position in Trade Desk in the 4th quarter valued at about $26,000. Zions Bancorporation N.A. grew its position in 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 buying an additional 175 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Trade Desk during the 1st quarter valued at about $35,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of Trade Desk by 143.5% during the 1st quarter. Pinnacle Bancorp Inc. now owns 728 shares of the technology company's stock worth $40,000 after buying an additional 429 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In other news, 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 transaction of $2,287,603.44. Following the transaction, the director owned 66,985 shares of the company's stock, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their position. The sale 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 company'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 directly owned 17,018 shares of the company's stock, valued at $1,361,950.54. The trade was a 61.06% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is owned by insiders.

Trade Desk Price Performance

TTD traded up $0.81 during midday trading on Thursday, hitting $74.39. 3,176,387 shares of the company's stock traded hands, compared to its average volume of 6,362,371. The company has a market cap of $36.56 billion, a PE ratio of 90.72, a price-to-earnings-growth ratio of 3.38 and a beta of 1.36. The stock's fifty day simple moving average is $69.44 and its 200-day simple moving average is $80.76. 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 released 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 business had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. On average, research analysts expect that The Trade Desk will post 1.06 EPS for the current year.

Analyst Ratings Changes

TTD has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Trade Desk from $122.00 to $87.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. KeyCorp lifted their price target on Trade Desk from $67.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Truist Financial boosted their price objective on Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $84.00 target price on shares of Trade Desk in a research note on Friday, June 6th. Finally, Citizens Jmp dropped their price target on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Eight research 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 target price of $97.27.

Trade Desk 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.