Forte Capital LLC ADV Has $11.43 Million Stock Holdings in The Trade Desk (NASDAQ:TTD)

Forte Capital LLC ADV boosted its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,885 shares of the technology company's stock after buying an additional 3,530 shares during the quarter. Trade Desk makes up about 1.4% of Forte Capital LLC ADV's investment portfolio, making the stock its 19th largest position. Forte Capital LLC ADV's holdings in Trade Desk were worth $11,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of TTD. Kingsview Wealth Management LLC boosted its stake in Trade Desk by 5.6% in the first quarter. Kingsview Wealth Management LLC now owns 9,963 shares of the technology company's stock worth $545,000 after purchasing an additional 525 shares in the last quarter. Bailard Inc. boosted its stake in Trade Desk by 211.0% in the first quarter. Bailard Inc. now owns 44,979 shares of the technology company's stock worth $2,461,000 after purchasing an additional 30,517 shares in the last quarter. Ascent Wealth Partners LLC boosted its stake in Trade Desk by 5.8% in the first quarter. Ascent Wealth Partners LLC now owns 38,890 shares of the technology company's stock worth $2,128,000 after purchasing an additional 2,138 shares in the last quarter. Jacobson & Schmitt Advisors LLC boosted its stake in Trade Desk by 45.0% in the first quarter. Jacobson & Schmitt Advisors LLC now owns 186,811 shares of the technology company's stock worth $10,222,000 after purchasing an additional 57,949 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Trade Desk by 309.5% in the first quarter. Larson Financial Group LLC now owns 2,510 shares of the technology company's stock worth $137,000 after purchasing an additional 1,897 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Transactions at Trade Desk

In related news, 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 transaction, the director directly owned 66,985 shares of the company's stock, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the chief executive officer directly owned 17,018 shares of the company's stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by company insiders.

Trade Desk Stock Up 0.4%

Shares of NASDAQ:TTD traded up $0.31 during mid-day trading on Thursday, reaching $81.44. 111,449,609 shares of the stock were exchanged, compared to its average volume of 7,092,068. The company has a market cap of $40.02 billion, a P/E ratio of 99.32, a P/E/G ratio of 3.72 and a beta of 1.36. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The stock's 50 day simple moving average is $73.78 and its 200-day simple moving average is $77.44.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. Trade Desk's quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. Analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on TTD. Piper Sandler boosted their price objective on Trade Desk from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. DA Davidson dropped their target price on Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and set a $84.00 target price on shares of Trade Desk in a research report on Friday, June 6th. Wells Fargo & Company downgraded Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $74.00 to $68.00 in a research report on Thursday, June 26th. Finally, Citigroup restated a "buy" rating on shares of Trade Desk in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $98.48.

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.