The Trade Desk (NASDAQ:TTD) Shares Bought by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. increased its stake in The Trade Desk by 76.3%, owning a total of 62,070 shares worth approximately $3.4 million after acquiring 26,856 additional shares.
• CEO Jeffrey Terry Green sold 26,684 shares for over $2.1 million, representing a 61.06% decrease in his ownership position, while Director David B. Wells also sold 28,638 shares, reducing his stake by 29.95%.
• The Trade Desk reported $616.02 million in quarterly revenue, exceeding analysts' expectations, with an EPS of $0.33 compared to an expected $0.26.

Geneos Wealth Management Inc. increased its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 76.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 62,070 shares of the technology company's stock after purchasing an additional 26,856 shares during the period. Geneos Wealth Management Inc.'s holdings in Trade Desk were worth $3,396,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Brown Advisory Inc. boosted its position in Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after buying an additional 5,387,339 shares during the period. Invesco Ltd. boosted its position in Trade Desk by 2.6% in the 4th quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock valued at $930,477,000 after buying an additional 198,822 shares during the period. FMR LLC boosted its position in Trade Desk by 44.8% in the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock valued at $445,237,000 after buying an additional 1,172,082 shares during the period. Bank of America Corp DE boosted its position in 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 buying an additional 418,911 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Trade Desk by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,375,266 shares of the technology company's stock worth $396,696,000 after purchasing an additional 99,634 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

NASDAQ TTD traded down $0.88 during trading on Friday, reaching $86.08. The company's stock had a trading volume of 9,973,566 shares, compared to its average volume of 14,718,176. The firm has a market cap of $42.30 billion, a price-to-earnings ratio of 104.98, a P/E/G ratio of 3.95 and a beta of 1.36. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The business's fifty day moving average price is $75.63 and its 200-day moving average price is $74.76.

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 (EPS) for the quarter, topping 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 analyst estimates of $575.62 million. During the same period in the previous year, the business posted $0.26 earnings per share. The business's revenue was up 25.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 66,985 shares in the company, 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 filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the transaction, the chief executive officer owned 17,018 shares in the company, valued at $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of several recent analyst reports. Rosenblatt Securities lifted their price objective on shares of Trade Desk from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Wedbush reaffirmed an "outperform" rating and set a $86.00 price objective on shares of Trade Desk in a research report on Tuesday, July 15th. UBS Group reaffirmed a "buy" rating and set a $105.00 price objective (up from $80.00) on shares of Trade Desk in a research report on Wednesday, July 16th. Truist Financial lifted their price objective on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Arete Research raised shares of Trade Desk to a "strong sell" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and an average price target of $100.09.

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.